Real estate is showing signs of improvement, with Q2 2012 mortgage originations increasing to $436 billion. This represents a 7 percent increase over the previous quarter and an impressive 63 percent increase over the same quarter a year ago. Refinancing activity continues to play a major role in the number of new originations.

Listen to our Webinar: Unique insights on consumer credit trends and the current state of the U.S. real estate market

Source: Experian–Oliver Wyman Market Intelligence Reports

Findings from Experian’s latest State of the Automotive Finance Market analysis showed market share for nonprime, subprime and deep subprime automotive loans for new vehicles grew by 13.6 percent and new vehicle leasing increased by 7.53 percent year over year in Q3 2012. Thirty-day delinquencies fell slightly from 2.78 percent in Q3 2011 to 2.67 percent in Q3 2012 and 60 day delinquencies fell from 0.71 percent in Q3 2011 to 0.69 percent in Q3 2012.

View our latest quarterly State of the Automotive Finance Markets, through a recorded Webinar or download the report now.

Source: Experian Automotive: Toyota, Ford and Chevrolet top makes financed in Q3 2012.

The November release of the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed that most loan types saw an increase in default rates in October. After nine consecutive months of declining default rates, the national composite1 increased to 1.55 percent in October from the 1.46 percent September rate. The first mortgage default rate increased from 1.36 percent in September to 1.47 percent in October. Bankcard default rates posted the lowest post recession rate in October (3.68 percent), compared with 3.70 percent in September.

Join our credit trends Webinar on Dec. 13 to learn more about consumer credit trends in the current lending environment.

Source: S&P/Experian Consumer Credit Default Indices press release.

*The national composite is the overall consumer default rate across all products.

Returns on investment from superior customer-centric strategies easily can exceed 20 percent in the first year of implementation. However, this number is compounded exponentially in subsequent years due to repeat business, new customer referrals and customer loyalty.

Learn more about the design and deployment of holistic retail bank customer-centric strategies that synthesize critical information and qualitative banker insights.

Source: Implementing differentiated customer-centric strategies: Retail-banker-friendly strategy development that resonates with your customers and shareholders, an Experian white paper.

Six states are the top producers of turkeys: Minnesota at 46 million, North Carolina at 36 million, Arkansas at 29 million, Missouri at 17.5 million, Virginia at 17 million and Indiana at 16.5 million. This accounts for nearly two-thirds of turkeys produced in the United States as of September 2012.

The average wholesale price for frozen whole turkey during fourth-quarter 2012 is projected to range from $1.10 to $1.14 per pound — similar to the 2011 fourth-quarter average price of $1.11 per pound. The average retail price for whole frozen turkeys in September 2012 was $1.62, about 6 cents lower than the average retail price for whole frozen turkeys in September 2011. Find out more on current coverage of the poultry production and value report from the USDA.

Source: National Agricultural Statistics Service (NASS), Agricultural Statistics Board and United States Department of Agriculture (USDA).

According to a recent Ponemon Institute study, 44 percent of consumers who were notified about a data breach believed the breached company was hiding something. When data breaches occur, it is extremely important to be there for customers and to address their concerns. When companies hide a data breach, impacted consumers begin to suspect the breach is actually much worse than the company claims, and trust in the organization begins to wane.

Find out more by downloading the data breach case study of lessons learned from the field.

Source: Whitepaper on 2012 Ponemon Notification Study.

When validating a model in the presence of overlay criteria, it is important to remember that any metrics computed at the aggregate portfolio level will not be indicative of the model’s true performance. While traditional validation methodologies and portfolio metrics may provide directional insight into model performance, the overlay strategy is an additional variable that must be accounted for in each step of the validation analysis. An effective validation should include:

• Establishment of an appropriate base line
• Piece-wise validation of overlay segments
• An overlay strategy analysis

Do you have model validation questions? Learn more and transform your business goals with Experian’s Analytical Consulting Services.

Source: Read the latest VantageScore Solutions white paper: Validating a Credit Score Model in Conjunction with Additional Underwriting Criteria..

VantageScore® is owned by VantageScore Solutions, LLC.

As of Q2 2012, subprime borrowers are carrying the largest retail card balances, with an average card balance per account of $620 and $700 for VantageScore® D and F tiers, respectively. The national average balance on a retail account is $329 — an increase of 39 percent over 2011. VantageScore A tier (super-prime) consumers carry the lowest average balance at $99 per account.

Learn how retailers and bankcard issuers can proactively match prospects to the right product using their individual credit data.

Source: Experian-Oliver Wyman Market Intelligence Reports.

VantageScore® is owned by VantageScore Solutions, LLC.

Returns on investment from superior customer-centric strategies easily can exceed 20 percent in the first year of implementation. However, this number is compounded exponentially in subsequent years due to repeat business, new customer referrals and customer loyalty.

Learn more about the design and deployment of holistic retail bank customer-centric strategies that synthesize critical information and qualitative banker insights.

Source: Implementing differentiated customer-centric strategies: Retail-banker-friendly strategy development that resonates with your customers and shareholders, an Experian white paper.

During Q2 of 2012, home equity line of credit (HELOC) delinquency rates were the lowest in recent years. The delinquency rate fell below 1 percent for all performance categories: 30 to 59 days past due (DPD) fell to 0.88 percent; 60 to 89 DPD was at 0.42 percent and 90 to 180 DPD was at 0.99 percent.

Listen to our recorded Webinar on consumer credit trends from the Q2 2012 Experian–Oliver Wyman Market Intelligence Reports, including an in-depth look at the current state of the U.S. real-estate market.

Source: Experian-Oliver Wyman Market Intelligence Reports.