All posts by josephine.munis

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Study shows auto loan balances increasing...

Outstanding automotive loan balances were at $708 billion in Q1 2012 – a figure last seen two years ago. Banks and captive auto lenders...

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Average lending decision turnaround varies across fina...

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...

Read More Average lending decision turnaround varies across financial institutions
Regulators stress the importance of model validation...

As part of its expanded guidance, the Office of the Comptroller of the Currency explicitly recommends that financial services firms utilizing predictive models and...

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Mortgage delinquency rate lowest in a decade?...

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...

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Mortgage delinquencies shift direction...

After increasing for the first time in nearly two years, the 30 and 60 days past due (DPD) mortgage delinquencies as a percentage of...

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Mortgage default risk improving...

A recent study compiled by VantageScore Solutions found that default risk associated with mortgage originations has improved. The likelihood that a borrower will become...

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Average bankcard balances increasing...

The average bankcard balance per consumer rose to $4,359 in Q1 2012 – an 8 percent increase from the previous quarter. The increase resulted...

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

A recent Experian study showed that strategic defaults accounted for 23 percent of all mortgage defaults 60 days past due or greater in Q4...

Read More Which credit score tiers have the highest incidence of strategic default?
Auto lenders originating longer loans...

With interest rates at their lowest level since 2008 and an increasingly competitive market, automotive lenders are increasing their willingness to make loans between...

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Collections in today’s world: five steps for suc...

The economy is accelerating at a sluggish pace, and world headlines cause business leaders to swing between optimism and pessimism daily. Risk managers must...

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Average credit score drops for both new and used auto ...

The automotive loan market continued to improve, with lenders showing more willingness to lend outside of prime. In Q4 2011, average credit scores for...

Read More Average credit score drops for both new and used auto loans
Loan growth a top priority for small-business lenders...

Despite low demand and a shrinking pool of qualified candidates, loan growth priorities continue to rank high for most small-business lenders – both for...

Read More Loan growth a top priority for small-business lenders
Strong growth in bankcard originations for some credit...

The strongest growth in new bankcard accounts is occurring in the near-prime and subprime segments of VantageScore® C, D and F. Year-over-year (Q1 2011...

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Are you in compliance with the new consumer protection...

The Consumer Financial Protection Bureau (CFPB) now has the ability to write and enforce 18 consumer protection laws that guide financial products and services....

Read More Are you in compliance with the new consumer protection laws?
Are mortgage originations continuing their decline?...

Even as interest rates remain at near-record lows, mortgage originations declined for the second quarter in a row in Q2 2011 to $268 billion,...

Read More Are mortgage originations continuing their decline?