Delinquencies climb in refis, drop in private SLABS

By Sasha Padbidri
28 Aug 2017

The number of refinanced student loans backing ABS that are more than 60 days delinquent increased in the last quarter while private SLABS saw a 1.82% decline in the same period, with refinancing deferments expected to increase as lenders target undergraduate borrowers.

A DBRS research note published on Monday indicated that the student loan refinancing segment, which investors have gravitated to for its higher quality underwriting and high FICO borrowers, could soon see an increase in deferments as lenders fight for a shrinking pool of borrowers.

“Deferments are expected to ...

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