Portfolio Management Package Insights A quarterly briefing with best practices and thought leadership concepts from your Portfolio Management Package
|
|
- Neal White
- 6 years ago
- Views:
Transcription
1 Portfolio Management Package Insights A quarterly briefing with best practices and thought leadership concepts from your Portfolio Management Package (PMP) team
2 Contents 1. New Special Handling Code (First Time 31 Days Past Due) 3 2. Getting the most from your PMP investment Product Spotlight Risk Triggers.7 4. Industry Comparisons..9 PMP Insights July 2010 Page 2
3 1. New Special Handling Code THE CHALLENGE We ve observed an interesting trend over the past two years and it involves customers who are traditionally the best scoring customers. A phenomenon occurs when these customers hit 31 days (2 cycles) past due for the first time. Many of our clients have seen their best scoring customers become their worst performing customers in terms of losses. When this occurs, the population of customers is often in a sink or swim position: they pay fairly quickly after collection efforts begin or they roll straight to loss. We call these customers straight rollers. While it seems somewhat counter-intuitive, straight-rollers are often facing some sort of major hardship (loss of job, medical issues, etc) and they simply do not know how to respond to their situation. The real dilemma for our clients is identifying the straight rollers in the portfolio before they become losses. In recent analysis we conducted for a regional banking client, we discovered an excellent separation in performance among a subset of accounts that rolled to 31 days past due and beyond. The chart below presents our findings. The analysis compares performance of accounts that are 31 days past due at an observation point and how they performed over the following 3-month period: Total 31+ Population Risk Loss % Bad % (91+, no loss) Bad % (61-90) Indet % (31-60) Cured (< 31 DPD) % of Accts Low 3.58% 3.05% 14.45% 44.10% 34.82% 29.26% Medium 8.79% 4.33% 23.53% 39.12% 24.24% 38.92% High 11.83% 5.02% 23.97% 34.40% 24.78% 31.82% First Time 31 Days Past Due Risk Loss % Bad % (91+, no loss) Bad % (61-90) Indet % (31-60) Cured (< 31 DPD) % of Accts Low 5.94% 3.96% 13.86% 11.88% 64.36% 26.37% Medium 11.26% 4.64% 11.92% 18.54% 53.64% 39.43% High 25.95% 6.11% 6.11% 17.56% 44.27% 34.20% Looking at the low risk group as an example, you will notice that the loss rate is 66% higher in the First Time 31 Days Past Due population compared to the Total 31+ Population (5.94% versus 3.58%). Loss is defined as accounts that charged off during the three months following the observation period. In addition, the cured rate for this same period is 85% higher for the bottom group compared to the total population (64.36% versus 34.82%). Our analysis supports the sink or swim phenomenon. PMP Insights July 2010 Page 3
4 SOLUTION Earlier this year, we were on a mission to isolate accounts that have a) rolled 31 days past due for the first time and b) have been delinquent (1 day past due) two times or less. Our work is now done! A new special handling code has been created within PMP to identify accounts in a client s specific portfolio that have rolled to 31 days past due for the first time. The new code (ASHP and BSHP) can be utilized by installment lending clients. Implementing the new codes is easy. Once the codes are turned on, they ll identify target accounts and rank the special handling code appropriately (i.e. should this new code take priority over existing special handling codes). The new code will come over on feedback files in the 4-byte strategy code field. New strategies can then be applied to these accounts. Strategies may include: Designating specialized collectors to proactively manage these accounts, conduct deep-dives into what is going on with the consumer and offer applicable hardship programs Offering temporary extensions Conducting field visits Implementing specialized letter campaigns If you are interested in deploying the new special handling code, please contact your PMP consultant. PMP Insights July 2010 Page 4
5 2. Getting the most from your PMP investment There are many ways you can use PMP to manage accounts through the collections process. We often find clients are interested in trying new strategies or segmenting accounts differently, but may not be aware of everything PMP has to offer. In future editions of PMP Insights, we ll take a look at different functionality and share examples of how Experian clients are using these capabilities to improve processes and decrease losses. Risk Grade Breaks OVERVIEW PMP is an efficiency tool designed to increase lift in the collections process by scoring accounts using a risk-based scorecard. PMP has other functional specifications designed to enhance collection efficiency gains including the use of risk grade breaks. The ability to differ risk grades among delinquency levels and portfolios is a capability that allows our clients to expand their strategies. During initial set up meetings, the PMP consultants work with the client to establish unique portfolios among the total account population. Most clients use one set of risk grade breaks in each of the portfolios for all delinquency levels during early strategy reviews. This approach is recommended to ensure that analysis performed after PMP has gone live includes quantifiable variables on which to measure a true return on investment. After several iterations of strategy review sessions, more sophisticated strategies are recommended. PMP was created to allow clients to set up differing risk grade breaks at each delinquency level within each portfolio. The number of risk grades also varies by client. A client may have up to five risk grades per portfolio. We typically see clients using three to five risk grades. We have found that different types of portfolios often behave very differently. Accounts that may score out as an A account in an auto portfolio may be more similar in performance to that of a B account in a mortgage portfolio. Further, it is advantageous for the client to differ risk grade breaks by delinquency level. Accounts are rescored at each delinquency level and separate score breaks could be warranted. Accounts that score as an A when they are 1 day or one cycle past due will often generate a very different score when they hit the next delinquency level. Varying score breaks can group accounts differently, and thus new strategies can be applied. CASE STUDY Recently, a captive automotive client experienced great success by expanding from four risk grades to five risk grades for all of their portfolios. In the four risk grade scheme, the client experienced good segmentation between each risk grade. Treatment for the top two risk grades was very lenient, while treatment for the bottom two risk grades was quite aggressive. A large concentration of accounts in the top two risk grades led to the test for five risk grades to identify any sub-population within the current scheme that could benefit from different treatment. Success was found in creating five risk grades that primarily segmented the bottom performing risk grade B accounts and top PMP Insights July 2010 Page 5
6 performing risk grade C accounts and applying a middle ground of treatment from the aggressive and lenient pathways. The following chart shows results of this test: The chart reflects 1 to 31 roll rates (cycle 1 to cycle 2) between champion and challenger. The champion test ran with four risk grades, while the challenger test ran with five risk grades. The circled area above reflects the performance of the newly segmented risk grades. For the period tested, the champion accounts fell into the bottom layer of the B risk grade, while the challenger accounts fell into the newly created C risk grade. The champion accounts were treated leniently, while the challenger accounts were given a moderate level of collection treatment. As you can see, the challenger accounts experienced a significantly lower roll rate with the more aggressive treatment. Further, the performance of the champion accounts within this top B segment performed more similarly to the champion top grade C accounts. This substantially higher roll rate showed that the performance of these accounts was far different than that of the top B champion accounts and that a more aggressive treatment was necessary. PMP Insights July 2010 Page 6
7 3. Product Spotlight Risk Triggers CHALLENGE Clients utilize industry-specific or custom scorecards to segment accounts by risk. Scorecard performance is monitored on a monthly basis to ensure the best possible solution is available and utilized, but there are always segmentation opportunities outside of a scorecard. Finding the best segmentation tools is critical in targeting accounts with the appropriate treatment. We have often found that there will be subsets of populations within segmentation schemes that perform quite differently than the population as a whole. There are various tools from Experian that can help identify these pockets of accounts. SOLUTION Experian has two types of triggers risk triggers and collection triggers. For this issue, we would like to highlight what risk triggers can potentially do for your portfolio. Risk triggers provide you with recent credit information about your consumer, such as new credit inquiries, negative reportings with other lenders, new public records, etc. When utilized, risk triggers will monitor accounts for thirty days. Any new information that appears on the consumer s credit file during that time will hit as a risk trigger. In recent analysis conducted for a regional banking client, we found that certain types of risk triggers can add significant segmentation value. By combining scorecard segmentation with risk triggers, pockets of populations within the portfolio can be identified and then treated separately. CASE STUDY REGIONAL BANK For our case study, we analyzed the population of accounts that were 31 days (2 cycles) past due for a particular month and monitored performance over the following three months. We combined trigger data for the same time period to analyze which triggers provided value. For this particular client, we identified several triggers that provided significant segmentation value. These triggers included a recent home equity inquiry (IQHEQ) and recent negative reportings at sixty days past due and beyond (PD060+) with another lender. PMP Insights July 2010 Page 7
8 Grade Flag % in Population Current Charge-off BK A No Special Condition 13.24% 42.42% 36.39% 11.31% 8.61% 0.57% 0.69% FPD3 2.06% 48.34% 14.76% 14.02% 20.66% 0.74% 1.48% IQHEQ 0.87% 30.43% 36.52% 6.09% 20.00% 2.61% 4.35% PD % 27.39% 32.48% 21.66% 12.10% 1.91% 4.46% B No Special Condition 20.36% 29.01% 46.00% 18.26% 5.41% 0.19% 1.12% FPD3 1.92% 31.62% 31.62% 18.58% 14.23% 0.79% 3.16% IQHEQ 1.89% 21.37% 40.32% 18.15% 13.71% 1.61% 4.84% PD % 22.92% 45.48% 20.43% 7.97% 0.57% 2.63% C No Special Condition 16.59% 24.20% 44.78% 23.10% 7.29% 0.18% 0.46% FPD3 1.17% 37.01% 27.27% 14.29% 17.53% 1.30% 2.60% IQHEQ 1.32% 19.08% 43.35% 22.54% 12.14% 0.00% 2.89% PD % 15.95% 43.65% 25.12% 12.61% 0.19% 2.48% D No Special Condition 10.26% 13.19% 47.70% 29.85% 8.30% 0.22% 0.74% FPD3 0.21% 21.43% 42.86% 14.29% 10.71% 3.57% 7.14% IQHEQ 0.98% 15.50% 41.86% 31.78% 9.30% 0.00% 1.55% PD % 11.94% 45.96% 29.70% 9.12% 0.28% 3.01% Total Population 25.39% 42.72% 21.06% 8.80% 0.42% 1.62% The table above reflects account performance for each risk grade with no special condition, meaning these accounts did not contain a trigger hit. This line is your base line for performance. Also listed are accounts that hit thirty-one days past due for the first time with this lender (FPD3), accounts where the recent home equity inquiry trigger hit (IQHEQ), and accounts that have recently been reported negatively for going sixty days past due and beyond with another lender (PD060+). If you look at the risk grade A accounts, you will notice that the IQHEQ accounts had a charge-off rate of 2.61%, versus accounts that had no special condition at 0.57%. Also, there is a much higher incidence of bankruptcy (BK) for the IQHEQ accounts at 4.35% compared to 0.69% for the no special condition accounts. Further, the percentage of accounts that cured (Current never more than 1 day past due) is much lower for the IQHEQ and PD060+ accounts. Knowing that these accounts show such differences in performance, the next questions are how do you treat these accounts differently and do you have the capacity to do so? Using the same example of accounts, you will see that a very small percentage of accounts hit these particular triggers. For IQHEQ in risk grade A, only 2.06% of the total population hit the trigger. For PD060+, less than 1% of the total population hit the trigger. Providing special treatment to this volume of accounts is very manageable. One option could be to use your most experienced collectors to perform deep dives on these accounts and potentially offer hardship programs. A second option could be to simply accelerate collection activity after the evaluation. By managing these small pockets of accounts differently you can generate very different levels of performance in your collections process. PMP Insights July 2010 Page 8
9 4. Industry Trends These charts show a number of delinquency metrics we have gathered using data generated by our monthly PMP reporting. PMP has been deployed in three vertical markets: mid-tier banks and credit unions, captive auto finance, and utility companies. The metrics we have gathered include historical roll rates for clients in each of the three vertical markets. PMP Insights July 2010 Page 9
10 Bank 1 to 31 Roll Rate 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% Average Comp 1 Comp 2 Comp 3 Comp 4 Comp % 2.00% Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Bank 31 to 61 Roll Rate 40.00% 35.00% 30.00% 25.00% 20.00% Average Comp 1 Comp 2 Comp 3 Comp 4 Comp % 10.00% Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 PMP Insights July 2010 Page 10
11 Captive Auto 1 to 31 Roll Rate 8.50% 8.00% 7.50% 7.00% 6.50% 6.00% 5.50% 5.00% Average Comp 1 Comp 2 Comp % 4.00% 3.50% July-07 September-07 November-07 January-08 March-08 May-08 July-08 September-08 November-08 January-09 March-09 May-09 July-09 September-09 November-09 January-10 March-10 May-10 Captive Auto 31 to 61 Roll Rate 24.00% 22.00% 20.00% 18.00% 16.00% 14.00% 12.00% Average Comp 1 Comp 2 Comp % 8.00% July-07 September-07 November-07 January-08 March-08 May-08 July-08 September-08 November-08 January-09 March-09 May-09 July-09 September-09 November-09 January-10 March-10 May-10 PMP Insights July 2010 Page 11
12 Utilities Cycle 1 to Cycle 2 Roll Rate 38.00% 33.00% 28.00% 23.00% 18.00% Average Comp 1 Comp 2 Comp % 8.00% October-08 December-08 February-09 April-09 June-09 August-09 October-09 December-09 February-10 April-10 Utilities Cycle 2 to Cycle % 45.00% 40.00% 35.00% 30.00% Average Comp 1 Comp 2 Comp % 20.00% 15.00% Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 PMP Insights July 2010 Page 12
Count Balance $0.00 $0.00 $0.00 Current Delinquent Other 0 0 0
COLLECTION ACCOUNTS: Count 0 0 0 Balance $0.00 $0.00 $0.00 Current 0 0 0 Delinquent 0 0 0 Other 0 0 0 TOTAL ACCOUNTS: Count 5 5 5 Balance $0.00 $0.00 $0.00 Current 5 5 5 Delinquent 0 0 0 Other 0 0 0 ACCOUNTS
More informationUS Automobile: Sales, Financing and Used Vehicle Insights. Mike Buckingham Senior Director Auto Finance JD Power Data & Analytics
US Automobile: Sales, Financing and Used Vehicle Insights Mike Buckingham Senior Director Auto Finance JD Power Data & Analytics Agenda Ø JD Power PIN Data; Background/Source Ø New Vehicle Data; Auto Sales,
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationDepartment of Public Welfare (DPW)
Department of Public Welfare (DPW) Office of Income Maintenance Electronic Benefits Transfer Card Risk Management Report Out-of-State Residency Review FISCAL YEAR 2014-2015 September 2014 (June, July and
More informationHelping credit unions cross-sell
Helping credit unions cross-sell Introducing: Jason Dietrich Experian Melton Knight Experian People want to do business with you because you help them get what THEY want They don t want to do business
More informationCase Study. Multiple Model Generations in a Sub-Prime Lending Environment; the benefits of new variables, splits, and data sources
Case Study Multiple Model Generations in a Sub-Prime Lending Environment; the benefits of new variables, splits, and data sources Al Appelman DriveTime Automotive Group September 12, 2005 1 The Company
More informationAnalyze the Market for a Seasonal Bias. It is recommended never to buck the seasonal nature of a market. What is a Seasonal Trend?
The seasonal trend in a market is our way of taking the fundamental price action of a market...and then chart it year-by-year. Analyze the Market for a Seasonal Bias STEP 5 Using Track n Trade Pro charting
More informationVantageScore 3.0: 638
Business Owner Profile - EVELYN ARPE Subcode: 5636 Ordered: 03/24/2016 15:31:09 CST Transaction Number: C600225913 Search Inquiry: Evelyn Arpe/1419 Center Dr/Stephenville/TX/6401 Identifying Information
More informationHousehold Debt Explained?
Household Debt Explained? Personal Consumer Debt and its Relationship with Arrears Max Griffiths, Alliance & Leicester Agenda Macro-economic trends Key changes Household balance sheet Household balance
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationA Guide to Your Credit Report
Sample for demonstration purposes only. All data is fictitious. A Guide to Your Credit Report John Sample January 20, 2018 Please Note: This packet is provided as is and is meant to give insights into
More informationJune 2018 Data Release
Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13
More informationTurning the tide. Managing troubled portfolios
Managing troubled portfolios Executive summary The economy may be recovering and the credit picture improving, but lending institutions still find themselves coping with some troubled portfolios. Plus,
More informationHow CECL Will Impact Your Credit Union & What You Can Do to Prepare For It. Randy C Thompson, Ph.D. TCT Risk Solutions, LLC
Attitude The longer I live, the more I realize the impact of attitude on life. Attitude to me, is more important than facts. It is more important than the past, than education, than money, than circumstances,
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. January 2019
7 March 2019 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors January 2019 According to securities statistics, the amount outstanding of equity securities and debt
More informationGET SOCIAL WITH US. #vision2016. Tweet, follow, share throughout the session.
GET SOCIAL WITH US Tweet, follow, share throughout the session. 2015 Experian Information Solutions, Inc. All rights reserved. 1 Alternative methods to validate with low portfolio volumes Experian and
More informationBusiness Intelligence & Big Data Analysis
Business Intelligence & Big Data Analysis Agenda Business Intelligence and Big Data Overview Impact in Other Industries Credit Union Industry Steps We Can Take Business Intelligence & Big Data Analysis
More informationGET SOCIAL WITH US. #vision2016. Tweet, follow, share throughout the session.
GET SOCIAL WITH US Tweet, follow, share throughout the session. 2015 Experian Information Solutions, Inc. All rights reserved. 1 Profitable credit card lending to the underserved market: Bringing the underserved
More informationForecasting More Profits For You and Your Clients
Forecasting More Profits For You and Your Clients Presenter: Christian Wielage Accountants/Business Advisors Entrepreneurs Small Businesses Non-profits Introduction: About me Christian Wielage Prior to
More informationApril 2018 Data Release
April 2018 Data Release The Home Purchase Sentiment Index (HPSI) is a composite index designed to track consumers housing-related attitudes, intentions, and perceptions, using six questions from the National
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationManagement Reports. June for PREPARED BY POWERED BY
Management Reports for June 217 PREPARED BY POWERED BY Contents 1. Management Reports Cashflow Forecast Actual vs Budget P&L Forecast Where Did Our Money Go? Net Worth 2. Understanding your Reports 3.
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2018
PRESS RELEASE 10 December 2018 Securities issued by Hungarian residents and breakdown by holding sectors October 2018 According to securities statistics, the amount outstanding of equity securities and
More informationAdvanced Budgeting Workshop. Contents are subject to change. For the latest updates visit
Advanced Budgeting Workshop Page 1 of 8 Why Attend 'Advanced Budgeting Workshop' is the second level course in budgeting after Meirc's 'Effective Budgeting and Cost ' course. It goes beyond the theory
More informationQUARTERLY REPORT AND CERTIFICATION OF THE COUNTY TREASURER For Quarter Ending June 30, 2009 COMPLIANCE CERTIFICATION
QUARTERLY REPORT AND CERTIFICATION OF THE COUNTY TREASURER For Quarter Ending June 30, 2009 The Government Code requires the County Treasurer to render a Quarterly Report to the County Administrator, the
More informationJanuary 2018 Data Release
January 2018 Data Release The Home Purchase Sentiment Index (HPSI) is a composite index designed to track consumers housing-related attitudes, intentions, and perceptions, using six questions from the
More informationBottom Line. What Do All of These Have in Common? 4/13/2011
4/13/2011 Department of Housing and Consumer Economics What Do All of These Have in Common? 0 Landlords 0 Utility companies 0 Employers (jobs requiring finances or security) 0 card companies 0 Lenders
More informationDIGGING DEEPER INTO THE VOLATILITY ASPECTS OF AGRICULTURAL OPTIONS
R.J. O'BRIEN ESTABLISHED IN 1914 DIGGING DEEPER INTO THE VOLATILITY ASPECTS OF AGRICULTURAL OPTIONS This article is a part of a series published by R.J. O Brien & Associates Inc. on risk management topics
More informationAfter the Rate Increase, What Then?
After the Rate Increase, What Then? Robert Eisenbeis, Ph.D. Vice Chairman & Chief Monetary Economist Bob.Eisenbeis@Cumber.com What the FOMC Did At Dec Meeting The Fed made the first step towards normalization
More informationNonfarm Payroll Employment
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OF BOSTON Current Economic Developments - June 10, 2004 Data released since your last Directors' meeting show the economy continues to
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2017 (Base year 2014) Consumer Price Index 1 Release Date: January 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2016 (Base year 2014) Consumer Price Index 1 Release Date: January 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationOctober 2018 Data Release
Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13
More informationJanuary 2019 Data Release
Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2017
11 December 2017 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors October 2017 According to securities statistics, the amount outstanding of equity securities and
More informationSAFE CREDIT UNION Helping Members Improve Their Financial Well-Being After The Damaging Effects Of The Financial Crisis
Testimony Before the Financial Crisis Inquiry Commission SAFE CREDIT UNION Helping Members Improve Their Financial Well-Being After The Damaging Effects Of The Financial Crisis Statement of Henry W. Wirz
More informationUniverse expansion. Growth strategies in the evolving consumer market
Growth strategies in the evolving consumer market Executive summary As the economy gains strength, lenders are engaging in an increasingly fierce competition to entice the best candidates to their portfolios
More informationWESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget
WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, 2018 General Fund Actual A B C D E F WECC Fund Actual Revenue Revenue - Faith Giving 1 $ 213 $ 234 $ (22) - Tuition $ 226
More informationQuarterly Economic Update Key Trends
Quarterly Economic Update Key Trends Linda Haran Senior Director June 2011 Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index July 207 (Base year 204) Consumer Price Index Release Date: Augest 207 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides
More informationIntelliscore Plus: 68
Intelliscore Plus and BPR - NORTH STAR TRANSPORT GROUP INC Subcode: 589672 Ordered: 08/21/2009 10:08:56 CDT Transaction number: C207215914 Search inquiry: North Star Transport Group / Scarborough / ME
More informationIs Growing Student Loan Debt Impacting Credit Risk?
Is Growing Student Loan Debt Impacting Credit Risk? New research shows that student loan debt has increased dramatically and student loans are riskier than before Number 65 January 2013 As US students
More informationMortgage Trends Update
Mortgage Trends Update UK Finance: Mortgage Trends Update December 218 of first-time reaches 12-year high in 218 Key data highlights: There were 37, new first-time buyer mortgages completed in 218, some
More informationInquiry into Home Loan Lending Practices and Processes. Submission to the House of Representatives Economics Committee
Inquiry into Home Loan Lending Practices and Processes Submission to the House of Representatives Economics Committee July 2007 INTRODUCTION Australia and New Zealand Banking Group Limited (ANZ) is pleased
More informationWelcome to a Post-FICO World!
Welcome to a Post-FICO World! Consumer credit modeling relies on data and analytics that haven t changed in decades A smarter prime lender could approve almost twice as many borrowers and yet have fewer
More informationCost Estimation of a Manufacturing Company
Cost Estimation of a Manufacturing Company Name: Business: Date: Economics of One Unit: Manufacturing Company (Only complete if you are making a product, such as a bracelet or beauty product) Economics
More informationFEATURING A NEW METHOD FOR MEASURING LENDER PERFORMANCE Strategic Mortgage Finance Group, LLC. All Rights Reserved.
FEATURING A NEW METHOD FOR MEASURING LENDER PERFORMANCE Strategic Mortgage Finance Group, LLC. All Rights Reserved. Volume 2, Issue 9 WELCOME Can you believe MBA Annual is only a month away? And it s in
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. April 2016
10 June 2016 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors April 2016 According to securities statistics data, the amount outstanding of equity securities and
More informationHOME Survey. Housing Opportunities and Market Experience. March National Association of REALTORS Research Department
HOME Survey Housing Opportunities and Market Experience March 2017 National Association of REALTORS Research Department Introduction The Housing Opportunities and Market Experience (HOME) report was created
More informationCredit Suisse Swiss Pension Fund Index Q3 2015
Credit Suisse Swiss Pension Fund Index Q3 2015 YTD 2015: 1.47% Q3 2015: 1.31% Return on the Credit Suisse Pension Fund Index continues to fall, despite good July performance Annualized returns fall, while
More informationMedia Release 9 th March 2015
Media Release 9 th March 2015 Index declines as positive feeling towards government policy on saving fades More than half of consumers dissatisfied with the amount they save The Nationwide UK (Ireland)
More informationTimbercreek Senior Mortgage Investment Corporation (TSX:MTG)
Timbercreek Senior Mortgage Investment Corporation (TSX:MTG) FORWARD LOOKING STATEMENT Certain statements in this presentation about Timbercreek Senior Mortgage Investment Corporation (the Corporation
More informationState of the Automotive Finance Market
State of the Automotive Finance Market Presented by: Melinda Zabritski Q3 2018 1 Experian Session overview Market Overview Outstanding balances Total risk distributions Delinquency Originations New and
More informationFoundations of Investing
www.edwardjones.com Member SIPC Foundations of Investing 1 5 HOW CAN I STAY ON TRACK? 4 HOW DO I GET THERE? 1 WHERE AM I TODAY? MY FINANCIAL NEEDS 3 CAN I GET THERE? 2 WHERE WOULD I LIKE TO BE? 2 Develop
More informationRelease date: 14 August 2018
Release date: 14 August 218 UK Finance: Mortgage Trends Update June 218 House purchase activity slows in June but remortgaging activity remains high Key data highlights: There were 34,9 new first-time
More informationKey IRS Interest Rates After PPA
Key IRS Rates - After PPA - thru 2011 Page 1 of 10 Key IRS Interest Rates After PPA (updated upon release of figures in IRS Notice usually by the end of the first full business week of the month) Below
More informationEffective Budgeting and Cost Control. Contents are subject to change. For the latest updates visit
Effective Budgeting and Cost Page 1 of 9 Why Attend ning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This course covers the concept of budgeting
More informationOTHER DEPOSITS FINANCIAL INSTITUTIONS DEPOSIT BARKAT SAVING ACCOUNT
WEIGHTAGES JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC ANNOUNCEMENT DATE 19.Dez.14 27.Jän.15 24.Feb.15 26.Mär.15 27.Apr.15 26.Mai.15 25.Jun.15 28.Jul.15 26.Aug.15 23.Sep.15 27.Okt.15 25.Nov.15 MUDARIB
More informationSeptember 2015 Data Release
Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q1 2018 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2018 Experian Information Solutions,
More informationMechanics of Cash Flow Forecasting
Texas Association Of State Senior College & University Business Officers July 13, 2015 Mechanics of Cash Flow Forecasting Susan K. Anderson, CEO Anderson Financial Management, L.L.C. 130 Pecan Creek Drive
More informationDealing with Construction Permits
2016/SOM1/EC/WKSP2/010 Session 3.4 Dealing with Construction Permits Submitted by: US-ATAARI Ease of Doing Business Workshop: One-Stop Shops to Improve the Business Environment Lima, Peru 26-27 February
More informationQUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?
QUESTION 1 Compute the cash cycle based on the following information: Average Collection Period = 47 Accounts Payable Period = 40 Average Age of Inventory = 55 QUESTION 2 Jan 41,700 July 39,182 Feb 18,921
More informationOctober 2016 Data Release
Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13
More informationExecutive Summary. July 17, 2015
Executive Summary July 17, 2015 The Revenue Estimating Conference adopted interest rates for use in the state budgeting process. The adopted interest rates take into consideration current benchmark rates
More informationHUD NSP-1 Reporting Apr 2010 Grantee Report - New Mexico State Program
HUD NSP-1 Reporting Apr 2010 Grantee Report - State Program State Program NSP-1 Grant Amount is $19,600,000 $9,355,381 (47.7%) has been committed $4,010,874 (20.5%) has been expended Grant Number HUD Region
More informationCS/Tremont Hedge Fund Index Performance Review
In fact, the S&P500 volatility 1 on average was 2.58x that of the HFI s. Using over fifteen years of data, we found that S&P500 s volatility to be on average 2.5x that of the HFI s. II. ANALYSIS The Beryl
More informationUnderstanding fund factsheets
Understanding fund factsheets 1 2 45 % 40 % 35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 % Jul 10 Dec 10 May 11 Oct Mar 12 Aug Jan 13 Jun Nov Apr 14 Sep Feb 15 Jul Mixed Investment 20%-60% Shares Canlife Portfolio
More informationBusiness & Financial Services December 2017
Business & Financial Services December 217 Completed Procurement Transactions by Month 2 4 175 15 125 1 75 5 2 1 Business Days to Complete 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 217 Procurement
More informationConsumer FAQs Comprehensive Credit Reporting. January 2016
Consumer FAQs Comprehensive Credit Reporting January 2016 CONTENTS 03 Credit Report FAQs 03 Why is there new information in my report? 03 How can I tell which lenders are providing CCR information to Equifax
More informationRelease date: 12 July 2018
Release date: 12 July 218 UK Finance: Mortgage Trends Update May 218 Mortgage market sees pre-summer boost as remortgaging continues strong upward trend Key data highlights: There were 32,2 new first-time
More information2009 Reassessment As Impacted by Senate Bill 711
Saint Louis County 2009 Reassessment As Impacted by Senate Bill 711 Impacts of SB711 on the 2009 Reassessment Plan The County must notify property owners of changes in the projected tax liability resulting
More informationEconomic Conditions and Outlook and Consumer Credit Conditions
Economic Conditions and Outlook and Consumer Credit Conditions NACM-CFDD Kansas City Kansas City, MO Kelly D. Edmiston Senior Economist Disclaimer This presentation reflects the views of the speaker and
More informationFHA FIXED RATE AND ADJUSTABLE RATE MORTGAGE
FHA FIXED RATE AND ADJUSTABLE RATE MORTGAGE PRIMARY RESIDENCE PURCHASE /C Amount * 1 Unit/PUD/condo 2 Units ** 96.50% 96.50% FHA Total Mortgage Scorecard DU Approved or 3 to 4 Units ** 96.50% FHA Total
More informationRMBS Research: Single-Family Rental
RMBS Research: Single-Family Rental Performance Summary Covering All Morningstar-Rated Securitizations June 2016 Authors: Brian Alan brian.alan@morningstar.com +1 646 560-4516 Cassie Guo cassie.guo@morningstar.com
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
More informationBasel III, Risk Assessment and Stress Testing. Contents are subject to change. For the latest updates visit
Basel III, Risk Assessment and Stress Testing Page 1 of 8 Why Attend This course is designed as an intermediate level in depth look at the key provisions of the Basel III regulatory framework, the ongoing
More informationBudget Manager Meeting. February 20, 2018
Budget Manager Meeting February 20, 2018 Meeting Agenda DISCUSSION DRAFT NOT FOR DISTRIBUTION Budget Office Current Year Forecast Process Endowment Payout Control Charts FY19 Target Meetings Delphi Project
More informationCost Cutting Has Emerged as a Focus of Lender Competitiveness
Cost Cutting Has Emerged as a Focus of Lender Competitiveness Economic and Strategic Research (ESR) Published June 21, 2018 2018 Fannie Mae. Trademarks of Fannie Mae. 1 Disclaimer Opinions, analyses, estimates,
More informationTrended Credit Data Attributes in VantageScore 4.0
SM OCTOBER 2017 Trended Credit Data Attributes in VantageScore 4.0 Contents What is Trended Credit Data? 1 Examples of Consumer Trended Credit Data Assessments 2 Why Use Trended Credit data? 3 Trended
More informationHarnessing Traditional and Alternative Credit Data: Credit Optics 5.0
Harnessing Traditional and Alternative Credit Data: Credit Optics 5.0 March 1, 2013 Introduction Lenders and service providers are once again focusing on controlled growth and adjusting to a lending environment
More informationUnique insights on the consumer credit market
Unique insights on the consumer credit market Highlights from the 2015 Experian Oliver Wyman Market Intelligence Report Experian and the marks used herein are service marks or registered trademarks of
More informationMANAGING YOUR BUSINESS S CASH FLOW. Managing Your Business s Cash Flow. David Oetken, MBA CPM
MANAGING YOUR BUSINESS S CASH FLOW Managing Your Business s Cash Flow David Oetken, MBA CPM 1 2 Being a successful entrepreneur takes a unique mix of skills and practices. You need to generate exciting
More informationProviding Outsourced CFO Services (OCS) Presenter: Christian Wielage
Providing Outsourced CFO Services (OCS) Presenter: Christian Wielage Introduction: About Version 1 of PlanGuru was developed in 1999 to help accountants build simple financial projections for their clients.
More informationStocks. Participant Workbook. Your Name: Member SIPC PAGE 1 OF 17
Stocks T H E N U T S A N D B O LT S Participant Workbook Your Name: www.edwardjones.com Member SIPC MKD-3358J-A-PW EXP 30 APR 2020 2018 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. PAGE 1 OF 17 TAKE
More informationHow to Start Planning for the CFPB Mortgage Rules. May 2, 2013
How to Start Planning for the CFPB Mortgage Rules May 2, Jon Bundy Regulatory Compliance Manager CUNA Mutual Group 608-665-7101 Jonathan.bundy@cunamutual.com Agenda Short Review of Each Rule We will avoid
More informationSavings Index maintains momentum in January
Media Release Tuesday 10 th February 2015 Savings Index maintains momentum in January The Nationwide UK (Ireland) / ESRI Savings Index, which measures overall sentiment towards saving in Ireland, increased
More informationCertificate in Advanced Budgeting and Forecasting
Certificate in Advanced Budgeting and Forecasting Page 1 of 9 Why Attend This course is the second level course in budgeting after Meirc's 'Effective Budgeting and Cost ' course. It goes beyond the theory
More informationFORECLOSURE PREVENTION REPORT
FORECLOSURE PREVENTION REPORT FEDERAL PROPERTY MANAGER'S REPORT MAY 20 FHFA Foreclosure R e p o r t T i t l e ( Prevention I n t e r i o r Pa g e T ireport t l e ) May 20 May 20 Highlights The Enterprises'
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q3 2017 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2016 Experian Information Solutions,
More informationEmployers Compliance with the Health Insurance Act ANNUAL REPORT. Bermuda. Health Council
Employers Compliance with the Health Insurance Act 1970 2016 ANNUAL REPORT Bermuda ea Health Council Employers Compliance with the Health Insurance Act 1970 2016 Annual Report Contact us: If you would
More informationUNDERSTANDING BUSINESS CREDIT
YOUR GUIDE TO UNDERSTANDING BUSINESS CREDIT POOR YOUR BUSINESS CREDIT PROFILE GOOD SPONSORED BY UNDERSTANDING YOUR PERSONAL CREDIT PROFILE Every small business owner has two credit profiles: 1. Your personal
More informationTrade Finance, Letters of Credit and Bank Guarantees
Trade Finance, Letters of Credit and Bank Guarantees Page 1 of 10 Why Attend Securing company s assets while transacting with local and international customers is critical for the success and sustainability
More informationTERMS OF REFERENCE FOR THE INVESTMENT COMMITTEE
I. PURPOSE The purpose of the Investment Committee (the Committee ) is to recommend to the Board the investment policy, including the asset mix policy and the appropriate benchmark for both ICBC and any
More informationFinance and Budgeting for NonFinance Professionals. Contents are subject to change. For the latest updates visit
Finance and Budgeting for NonFinance Professionals Page 1 of 10 Why Attend To succeed at any employment level and position, knowledge of basic financial principles is critical. The course transforms financial
More information3. (Expiration Dates) Jan cycle Feb cycle March cycle
CHAPTER 2: Derivatives Markets. END-OF-CHAPTER QUESTIONS AND PROBLEMS 1. (Option Price Quotations) The option is on AT&T stock. It expires in January. If it is an exchange-listed option, it expires the
More informationKey IRS Interest Rates After PPA
Key IRS Interest After PPA (updated upon release of figures in IRS Notice usually by the end of the first full business week of the month) Below are Tables I, II, and III showing official interest rates
More informationInternational Financial Reporting Standards (IFRS) and 2019 Updates
International Financial Reporting Standards (IFRS) and 2019 Updates Page 1 of 11 Why Attend Our 'International Financial Reporting Standards (IFRS) and 2019 Updates' course will help build the knowledge
More informationRelease date: 16 May 2018
Release date: 16 May 218 UK Finance: Mortgage Trends Update March 218 Remortgaging market softens in March after busy start to year Key data highlights: There was 51bn of new lending to first-time in the
More information