PeerIQ Weekly Industry Update: Credit Trend Through Delinquency Rates

PeerIQ covered earnings season for the banking sector, the reported deal of JPMorgan’s student loan portfolio to Navient and the plans of China Rapid Finance to go public on the NYSE; they also dug deep into credit card receivable securitization deals; they compared delinquency and loss levels of credit card deals to that of installment loan deals; comparing MPL ABS and credit card ABS is not exact, credit card deals are revolving that re-invest principal and interest over time; delinquencies for credit cards reached all time lows in 2016 while the unsecured installment loans have had a pattern of higher losses; peak delinquencies in a stress period for credit cards is around 8% while the installment loans are around 12%; now that PeerIQ has partnered with TransUnion look for more comparable data trends in future updates. Source