dv01 Providing Early Insight Into Consumer Loan Performance

We are all aware that the coronavirus is having a dramatic impact on consumers as over 30 million people are jobless; however there is not a lot of public data on just how bad the situation; dv01 has now released their third installment of their biweekly report called the COVID-19 Performance Report; dv01’s data includes ‘most major online lenders’ in the personal loan space; the second report showed 12% of online consumer loans in early April were either delinquent or the borrower requested loan modification, double the amount from a month earlier; this post shares charts related to payment impairment and requests for modification; it also includes a look at previous natural disasters to get a sense of what we might expect in the current crisis. Lend Academy

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