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Study shows auto loan balances increasing...

Posted on May 30 2012 by
Outstanding automotive loan balances were at $708 billion in Q1 2012 – a figure last seen two years ago. Banks and captive auto lenders hold two-thirds of the outstanding balances (34 percent and 33 percent respectively), while...

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Average lending decision turnaround varies across financial ...

Posted on May 18 2012 by
The average turnaround time to make a lending decision varies materially between financial institutions. Institutions with low-level automation are typically less competitive on price due to the higher cost of manual reviews....

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Regulators stress the importance of model validation...

Posted on May 15 2012 by
As part of its expanded guidance, the Office of the Comptroller of the Currency explicitly recommends that financial services firms utilizing predictive models and decision analytics run regular validations to gauge model...

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Mortgage delinquency rate lowest in a decade?...

Posted on May 10 2012 by
A vintage analysis comparing 60 or more days past due (DPD) delinquency performance at the one-year mark for mortgages originated between 2002 and 2010 shows that 2010 outperformed previous years, with a delinquency rate of 0.37...

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Mortgage delinquencies shift direction...

Posted on Apr 26 2012 by
After increasing for the first time in nearly two years, the 30 and 60 days past due (DPD) mortgage delinquencies as a percentage of balances returned to their downward trend, with Q4 delinquency rates of 2.18 percent and 1.06...

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Mortgage default risk improving...

Posted on Apr 23 2012 by
A recent study compiled by VantageScore Solutions found that default risk associated with mortgage originations has improved. The likelihood that a borrower will become 90 or more days past due after a mortgage has been...

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Average bankcard balances increasing...

Posted on Apr 19 2012 by
The average bankcard balance per consumer rose to $4,359 in Q1 2012 – an 8 percent increase from the previous quarter. The increase resulted primarily from balance increases to VantageScore® A and B segments, which increased...

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Which credit score tiers have the highest incidence of strat...

Posted on Apr 16 2012 by
A recent Experian study showed that strategic defaults accounted for 23 percent of all mortgage defaults 60 days past due or greater in Q4 2011. Other findings included the following: Prime and super-prime consumers...

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Auto lenders originating longer loans...

Posted on Apr 12 2012 by
With interest rates at their lowest level since 2008 and an increasingly competitive market, automotive lenders are increasing their willingness to make loans between six and seven years long: Auto loans of 73 to 84 months...

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