The COVID-19 pandemic is dramatically impacting consumer credit portfolios.
The COVID-19 pandemic is dramatically impacting consumer credit portfolios. Using U.S. household performance and balance data, we will examine the impact given recent epidemiological and economic data. We also consider the variability introduced by different types of lender assistance.
We examine the impact of COVID-19 on consumer credit incorporating scenarios assumptions.
Presentation slides form our webinar examining, consumer credit conditions under scenarios for Credit Unions.
Moody’s Analytics analyzed a range of plausible outcomes of quantitative expected losses under CECL, incorporating COVID-19 impacts across commercial and industrial (C&I), commercial real estate (CRE), and retail loans.
The COVID-19 pandemic has pushed many commercial entities to increase their borrowing and drawdown on their lines of credit. We use bank call report data to analyze the potential impact to capital levels at US financial institutions.
We discuss the major implications of the COVID-19 recession on consumer credit performance over the next two years at the national, state, credit score band, and asset class level.
CECL was scheduled to go into effect at the beginning of 2020 until COVID-19 disrupted businesses. Moody's Analytics analyzed a range of plausible outcomes of quantitative expected losses under CECL, incorporating COVID-19 impacts across commercial and industrial (C&I), commercial real estate (CRE), and retail loans.
During the last financial crisis, some of the better-performing commercial credits were originated under extremely conservative origination policies This paper explores risk rating options and advises what you can do now to enhance your origination process.
Join Scott Hoyt and David Fieldhouse, as they discuss the current and anticipated trends in household credit conditions based on Moody's Analytics forecasts of Equifax data.
Recent CECL impact disclosures point directly to credit cards as the largest driver of the allowance. We can confirm those recent disclosures by looking at the consumer default volumes chart in Figure 1,which clearly point to the credit card segment as being one of the largest contributors of loss today.
Using multiple scenarios in CECL can temper some of the volatility in the economic forecasts – the part that results from our inability to forecast the economy with complete precision.