The income that vanishes at charge-off in ABS-EE data
ABS-EE filings do not carry borrower income. It is derived from payment and PTI, and blanking the payment at charge-off drops defaults from income cuts.
Data Deep DivesLoans that come back: 33 held ABS-EE trust-months
A monthly ABS-EE loan tape is not a ledger. How 33 quarantined July 2026 trust-months turned out to be reinstatements, recoveries and residual payoffs.
Data Deep Dives1.99M auto loans that never left their trusts
1,994,611 auto ABS loans appeared to leave their trusts with no payoff or charge-off. I traced every one to its cause. 99.8% never left.
Data Deep DivesIssuer Charge-Off Amounts Are Not Comparable in Auto ABS
Loan-level reconciliation shows auto ABS issuers file charge-offs gross, net of sale proceeds, or partial. $2.49B of loss is missing on the filed basis.
Data Deep DivesVantageScore vs FICO: Loan-Level Evidence From Auto ABS
VantageScore vs FICO on the same 129,768 auto loans. Band conversion rates, score spreads, and early delinquency from SEC loan-level filings.
Data Deep DivesMotorcycle ABS Has a 670 Credit Score Floor
Loan-level data on 355,000 securitized motorcycle loans shows a hard 670 credit score floor and 62-66% recoveries on completed charge-off cohorts.
Auto ABSPrime and subprime extensions differ in level, not shape
Prime auto ABS extensions sort by the same loan-to-value and delinquency gradients as subprime, at roughly half the Extension Default Rate. Same shape, lower level.
Data Deep DivesA $449M ambiguity in Carvana's new ABS-EE filings
Carvana filed two complete ABS-EE loan tapes for one trust, six minutes apart. How LoanTape resolves new-trust pool ambiguity with evidence, not guesses.
Auto ABSThe two-month Extension Default Rate, and how to read it
A simple early read on auto ABS payment extensions: the share of extended loans that are 30+ days past due or charged off about two months later, and what actually moves it.
Auto ABSLoss to Liquidation by FICO: Six Bands Above Range
Data correction in progress: FICO loss-to-liquidation values are being recomputed on LoanTape's governed cross-issuer charge-off exposure basis.
Auto ABSWho gets a payment extension: the longest loans, by almost 10 to 1
Prime auto loans written at 76 months or longer get a payment extension 9.7 times as often as loans at 60 months or less. Term is the sharpest sort in the file.
Product UpdatesRoll Rates, Loss & Vintage, and Characteristics
Three Premium Auto ABS pages built on balance-weighted transition and vintage history: roll rate migration, seasoning curves, and characteristic rankings.
Product UpdatesAuto Intelligence: The Auto ABS Read on One Screen
Auto Intelligence is a Premium Auto ABS workspace with seven analysis tabs, ranked signals instead of a made-up risk score, and disclosed coverage on every panel.
Auto ABSSubprime Recovery by Make: Old Toyota Beats New BMW
Data correction in progress: recovery values are being recomputed on LoanTape's governed cross-issuer charge-off exposure basis.
Data Deep DivesThe Exits Closed: Why Auto Delinquencies Last Longer
Loan-level ABS data shows delinquent auto loans staying delinquent. Repossessions halved since 2018 while cash collections stayed flat.
Auto ABSPrime Auto Loses Almost as Much per Default as Subprime
Data correction in progress: loss-severity values are being recomputed on LoanTape's governed cross-issuer charge-off exposure basis.
Auto ABSAuto ABS Loss to Liquidation: 2022-23 Owns the Peak
Data correction in progress: loss-to-liquidation values are being recomputed on LoanTape's governed cross-issuer charge-off exposure basis.
Auto ABSPrime Auto's May Delinquency Jump Was Broad, Not One Lender
An earlier partial-panel read on May 2026 Auto ABS delinquency, retained with a correction linking to the approved complete-month loan-only rates.
Market InsightsMay Auto ABS Nowcast: Prime Moves Too Far
May 2026 Auto ABS nowcast shows prime 30+ DQ up 21 bps, its largest monthly move in LoanTapeData FICO history since 2017.
Auto ABSHigh-LTV subprime extensions cure the least
Subprime auto extensions on the most underwater loans default again far more often, and the gap has widened since 2022. Extensions defer loss more than they cure it.
Auto ABSSubprime Auto Extensions Are Rising Fastest at High LTV
Subprime auto ABS extension rates rose across every LTV bucket since 2018-19, but fastest at 130%+ LTV, where monthly extensions now hit 3.0%.
Auto ABSAuto Extensions Are a Credit Signal Again
April 2026 Auto ABS data shows payment extensions remain above pre-pandemic norms and need to be read alongside delinquency.
Market InsightsApril Auto ABS Nowcast: Subprime Breaks Higher
April 2026 Auto ABS nowcast shows subprime 30+ DQ rising to 16.0% while prime remains steady and most balance is reported.
Product UpdatesBuild Auto ABS Charts Without Waiting on an Analyst
AI Data Explorer lets Auto ABS users build editable charts from LoanTape's trusted metric catalog, with Premium AI support for creating and revising visuals.
Auto ABSWhat September 2025 Auto Extensions Did Next
September 2025 auto ABS extension flows show how prime and subprime borrowers moved from pre-extension DQ to six-month outcomes.
Auto ABSAuto Extension Rates Are Above the 2018-19 Average
Auto ABS payment extensions reached 8.6% of outstanding loans in March 2026, above the 5.2% 2018-19 average in the LoanTape panel.
SBA LendingFranchise Restaurants Look Riskier for SBA Lenders
In the latest SBA 7(a) active book, franchise restaurant loans show higher dollar-weighted delinquency than non-franchise loans in QSR and full service.
Auto ABSAuto ABS Trust Adds: March 2026
March 2026 loan trust additions totaled $5.7B across 231K loans, with most material shifts improving versus the existing active book.
Auto ABSPayment-to-Income Ranks Risk
Across 2018+ auto ABS vintages, payment-to-income ranks 12-month default risk inside both prime and subprime credit bands. The slope is visible even after splitting borrowers by FICO.
SBA LendingThe 25% SBA Drop That Wasn't
Q1 2026 SBA approvals look down 25% year over year. Strip out the 43-day federal shutdown and dollar volume is essentially flat with average ticket size up 22%.
SBA LendingSBA Industry Delinquency: Trucking Leads, Restaurants Carry the Biggest Dollar Exposure
First loan-level look at SBA 7(a) delinquency by industry. Trucking 3.7%, Accommodation/Food 3.0%. With $829M past-due, Accommodation carries the largest dollar exposure.
SBA LendingSBA Loan-Level Delinquency Is Public for the First Time
SBA's April 2026 data release exposes loan-by-loan delinquency. The first look shows Huntington's 7(a) delinquency rate is three times the top-20 average.
Auto ABSSubprime Auto's 2021 Collateral Break
From 2017 to 2020, subprime auto origination collateral drifted slowly. In 2021 the cohort jumped, and high-LTV and old-vehicle risk have moved together since.
Auto ABSAging Cars, Rising Delinquency in Subprime Auto
Subprime auto pools have aged from 2.1 to 5.15 years of vehicle age in nine years. One in five subprime balances now stacks 120%+ LTV with a 5+ year vehicle.
Auto ABSPrime Auto 30+ DPD: Each Year Is the New Floor
Prime auto ABS 30+ day DPD hit 1.60% in February 2026, nearly double the 2019 floor. The seasonal overlay shows each year resetting higher.
SBA LendingThe Buy-vs-Build Gap Is Mostly a Sub-$1M Story in SBA Lending
Across 140,696 funded SBA loans, most of the startup-versus-acquisition chargeoff gap sits below $1 million. Above that, the spread shrinks fast.
Auto ABSAuto ABS Trust Adds: February 2026
February 2026 trust adds totaled $7.4B across 215K loans. GM's additions came in cleaner than its existing book, while Exeter's moved the other way.
SBA LendingBuying Is Usually Safer Than Starting: SBA Chargeoff Rates by Business Age
If the buy-versus-build question matters to you, the SBA data leans one way: across 149,847 loans, acquisition loans beat startups on 5-year chargeoff rates in all 12 industries with enough volume to compare.
Auto ABSSubprime Auto ABS Affordability Reset
Subprime auto ABS is not the same thing as low income anymore. Post-COVID, larger balances were matched by higher borrower incomes and older used vehicles.
SBA LendingSBA Loan Chargeoff Rates: Sector Volatility Across 25 Years
Real Estate SBA loans hit 33.8% chargeoff within 5 years in 2007. The same sector in 2012: 0.6%. Here's the full range by sector.
Data Deep DivesWhat's in the SEC Auto ABS Loan-Level Schema
A walkthrough of the SEC auto ABS loan-level schema, including exact ABS-EE variables like obligorCreditScore, paymentToIncomePercentage, currentDelinquencyStatus, and chargedoffPrincipalAmount.
Data Deep DivesWhat LoanTape Parses and Why It Matters
We parse SEC Form 10-D, ABS-EE XML, and SBA FOIA loan data into normalized datasets. Here is what we cover and how we do it.
Auto ABSAuto ABS Delinquency Trends: January 2026
January 2026 auto ABS data shows delinquency holding steady year-over-year, with prime pools improving while subprime 60-plus rates tick higher.
SBA LendingSBA Chargeoff Rates by Industry: Which Sectors Lose the Most?
We analyzed 1M+ SBA loans across 20 industries. Transport loses at 5.4%. Healthcare holds at 2.3%. See every sector's chargeoff rate.