Market Trends
According to the latest Experian-Oliver Wyman Market Intelligence Report, home equity line of credit (HELOC) originations warmed up significantly heading into summer.
According to Experian Marketing Services’ Q1 2014 Email Benchmark Report, personalized abandoned cart emails that dynamically show the actual customer cart had 25 percent higher transaction rates than reminder emails that just linked back to the brand’s Website.
According to the latest Experian-Oliver Wyman Market Intelligence Report, mortgage originations for Q1 2014 decreased by 53 percent over Q1 2013 - $235 billion versus $515 billion, respectively.
Experian's most recent Credit Trends study analyzing current debt levels and credit scores in the top 20 major U.S. metropolitan areas found that Detroit, Michigan, residents have the lowest average debt ($23,604) and Dallas, Texas, residents have the highest average debt ($28,240).1
Following a full year of steady improvement, small-business credit conditions stumbled during the first quarter of 2014.
Bankcard originations had a 32 percent year-over-year increase in Q4 2013 ($61 billion to $81 billion).
While access to small-business credit is improving and credit balances are increasing, key differences still remain across the United States.
Using a risk model based on older data can result in reduced predictive power.
The housing market continues to recover, with mortgage originations increasing 12 percent year over year, moving from $508 billion to $570 billion.
Small-business credit conditions wrapped up the year by showing continued improvement for the fourth consecutive quarter.
Delinquency rates for auto loans moved up slightly in the last quarter of 2013, with the 30 to 59 days past due (DPD), 60 to 89 DPD and 90 to 180 DPD delinquency rates at 2.18 percent, 0.56 percent and 0.24 percent, respectively.
The volume of emails sent by marketers rose nearly 13 percent during the 2013 holiday season compared to 2012.
According to Experian Marketing Services’ holiday peak week analysis, social media proved to be a key research tool for holiday shoppers and a crucial driver of traffic to retail Websites.
With most lenders focused on growth as the top priority for the new year, having the ability to score more consumers is key.
According to the National Christmas Tree Association, approximately 25 to 30 million real Christmas trees are sold annually in the United States versus 8 to 11 million artificial trees.