Private SLABS defaults improve, but effects of disasters not yet felt

By Sasha Padbidri
20 Nov 2017

Student loan ABS defaults in the post-crisis period are “significantly” lower than in pre-crisis deals, according to DBRS, but the percentage of loans in forbearance spiked sharply last quarter, driven by borrowers in disaster-hit areas postponing payments.

In its third quarter student loan ABS tracker, DBRS said that the drop in default rates for post-crisis student loan ABS, referring to deals securitized from 2008-2017, can be attributed to tightening underwriting standards in the wake of the recession, in addition to favourable economic fundamentals such as ...

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