In The Tranches of Structured Finance
dv01's In The Tranches of Structured Finance podcast explores macroeconomic trends, sector performance, and the future of capital markets. As a leading market intelligence company in structured credit, dv01 provides transparency and actionable insights through loan-level data and research.
Episodes
17 episodes
A Data-Driven Look at Consumer Credit in 2025
In this episode of In the Tranches of Structured Finance, Vadim Verkhoglyad breaks down recent credit performance and origination trends across consumer unsecured, subprime auto, and non-QM mortgages.Tune in for insights on:...
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Season 2
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Episode 1
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36:42
Consumer Credit Loan Performance Update
In the latest podcast episode, Vadim covers notable improvements in consumer unsecured loan performance, recovery patterns in subprime auto, and challenges in the Non-QM mortgage market. He discusses the influence of seasonal trends, regional p...
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Season 1
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Episode 16
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36:52
Housing Update: Affordability, Insurance, and Market Stability
In today's episode, Vadim provides a comprehensive discussion on housing affordability, the impact of rising insurance premiums, and a surprising increase in mortgage counts, despite economic headwinds. Vadim highlights essential insights on LT...
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Season 1
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Episode 15
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33:44
Decoding Debt Data: Why U.S. Households Are Stronger Than You Think
In this episode, Vadim dives into the financial condition of U.S. households, exploring the nuances behind household balance sheets, consumer debt, and the surprising resilience of Gen Z and millennials. He unpacks the contrast between media na...
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50:33
Decoding TransUnion Data: Credit Cards, Auto Loans, AEP & More
Vadim examines TransUnion data to discuss YoY trends in credit cards and auto loans. While subprime borrowers continue to drive overall DQ rates and credit card growth, regional analysis reveals significant weaker performance in certain states....
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Season 1
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Episode 13
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47:37
Unpacking the Housing Market: Affordability, Insurance, and Trends
Vadim dives into housing affordability, focusing on the impact of rising insurance payments—particularly in Florida, the impact of FEMA's updated risk scores on insurance premiums trends, mortgage volume and the implications of low existi...
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Season 1
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Episode 12
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32:56
Special Guest: Matt Edgar, Founder & CEO, Edgar Matthews & Co
In this episode, Vadim is joined by Matt Edgar, Founder & CEO of Edgar Matthews & Co, a full-service, independent investment and merchant bank focused on the middle market.The pair discuss market observations in asset-back...
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Season 1
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Episode 11
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25:28
Consumer Credit Loan Performance Update (Data as of March 2024)
In the latest podcast episode, we explore a novel method of analyzing government debt, highlighting how, despite rising federal debt, the aggregate U.S. debt as a percentage of GDP fell from 2006 to 2019 and only increased in 2020 due to substa...
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Season 1
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Episode 10
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29:35
Special Guest: Adelina Grozdanova, Co-Founder and Head of the Investor Group at Upgrade
In this episode, Vadim is joined by Adelina Grozdanova, Co-Founder of Upgrade, to discuss all things consumer credit and the American consumer. Discussion includes, factors behind the dramatic volume declines of unsecured personal loans, how th...
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Season 1
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Episode 9
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53:47
Consumer Credit Loan Performance Update (Data as of Sept 30, 2023)
dv01's quarterly update on consumer credit performance continues. Vadim looks at data through September 30, 2023 and discusses trends in Consumer Unsecured (outside of credit cards), Autos, and Mortgages.Cited Research <...
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40:14
Special Guest: Justin Mahoney, Founder and Senior Portfolio Manager at Shelter Growth Capital Partners
The RMBS market, specifically Non-QM, is showing signs of recovery and growth following the COVID-19 pandemic. Amid rising rates, Non-QM is facing unique challenges and opportunities not present in the broader mortgage market. The upswi...
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Season 1
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Episode 7
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58:21
Consumer Credit Loan Performance Update (Data as of June 30, 2023)
dv01's quarterly update on consumer credit performance continues. Vadim looks at data through June 30, 2023 and discusses trends in Consumer Unsecured (outside of credit cards), Autos, and Mortgages, including:The Consumer Unsecured...
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Season 1
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Episode 6
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29:19
Housing Affordability: Portfolio and Risk Valuation
Understanding the factors driving regional affordability—supply and demand imbalances, zoning restrictions, building regulations, economic opportunities, culture, and climate—is crucial for portfolio and risk valuation. In this episode, dv01 ar...
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Season 1
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Episode 5
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31:22
Special Guest: John Hecht, Managing Director of Equity Research—Specialty Finance at Jefferies
Did you know that in Q1-2023, stocks for all the large credit card companies went up, despite missing EPS on higher provisions? In today’s episode, Vadim welcomes special guest John Hecht, a managing director at Jefferies, to discuss Q1-2023 tr...
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Season 1
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Episode 4
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48:55
Gen Z's Money Moves: Examining Gen Z's Economic Environment
Did you know nearly 50% of outstanding student debt is a result of graduate school? In this episode, dv01 examines the debt and wage trends across age cohorts—namely Gen Z and Millennials—highlighting wage growth, homeownership, and student deb...
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Season 1
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Episode 3
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31:06
Recapping Consumer Credit Loan Performance
In this episode, dv01 evaluates consumer credit performance across Consumer Unsecured (outside of credit cards), Autos, and Mortgages. Trends are predominately over the past 12 months, but also highlight historical performance and some originat...
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Season 1
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Episode 2
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45:18
Examining Consumer Health Beyond the U.S. Personal Saving Rate
The U.S. Personal Saving Rate is a highly cited source for understanding consumers' balance sheet—but is it really indicative of consumers' overall financial health? In this episode, dv01 dives into The Federal Reserve's Distributional ...
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Season 1
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Episode 1
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28:12