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CECL

A Tale of Two Models: How the Pandemic Affected Allowance Levels Under CECL and Incurred Loss Models

Abrigo

JULY 28, 2021

Takeaway 1 Allowance levels jumped in Q1 2020 for SEC filers due to the transition to CECL and the start of the pandemic, but FIs began releasing reserves in Q1 2021 as conditions improved. In 2020, most SEC-filing institutions were required to move to the new current expected credit loss, or CECL, model. Haven't adopted CECL yet?

CECL

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)

FICO Blog

DECEMBER 8, 2022

However, in the stressed economy of 2007-9, this would have aligned with a FICO Score cut-off of 720 or higher. Default rates by FICO® Auto Score 8 and FICO® Resilience Index 2 – stressed economy (Oct 2007 to Oct 2009). Default rates by FICO® Auto Score 8 and FICO® Resilience Index 2 – stressed economy (Oct 2007 to Oct 2009).

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A Tale of Two Models: How the Pandemic Affected Allowance Levels Under CECL and Incurred Loss Models

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)

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