Credit Research Foundation
SEPTEMBER 27, 2024
It’s been 16 years since the last major economic downturn – the banking crisis that started in 2007 and was in full impact mode from 2008 through 2010. Since then, we’ve weathered the COVID-19 pandemic, which many experts predicted would lead to a wave of defaults and business closures. During that period, the U.S.
Fundera
OCTOBER 16, 2015
OnDeck Capital is a pioneer in the alternative lending industry; it was founded in 2007. Personal guarantee required, which means lenders can come after your personal assets if you default. OnDeck Capital. The company prides itself on providing large amounts of capital, fast approval and rapid funding. Payments made daily or weekly.
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FICO Blog
FEBRUARY 10, 2023
We studied this on three pre-pandemic performance periods (pre-Great Recession 2005-2007, post-Great Recession 2010-2012, and pre-pandemic 2015-2017) as well as two pandemic-era periods (2020-2022 and a one-year period from 2021-2022).
Abrigo
JULY 25, 2017
He starts by reviewing some of the data over the last decade, specifically the role that Acquisition, Development and Construction (ADC) loans played leading up to the 2007 recession. Ashbaugh goes on to demonstrate that the default rates for these loans did not peak until about 2009, and the ALLL did not increase until 2010.
FICO Blog
DECEMBER 8, 2022
Assume an auto finance portfolio’s current underwriting risk management strategy requires applicants to have an expected 24-month default rate less than 3%. However, in the stressed economy of 2007-9, this would have aligned with a FICO Score cut-off of 720 or higher. Cells are highlighted where the expected default rate is below 3%.
Loomis Sayles Credit Research
SEPTEMBER 19, 2022
In our view, QE was successful in two distinct ways: 1) It increased housing affordability and suppressed defaults. Aggregate household mortgage payments plummeted from $600 billion in 2007 to $470 billion in 2022. in 2007 to 3.9% 2) It ensured a lower mortgage burden for a majority of US homeowners for the foreseeable future.
Loomis Sayles Credit Research
JANUARY 9, 2023
High yield spreads generally reflect the premium investors demand for accepting the risk of capital loss due to defaults. This helped pave the road for defaults to reach cycle lows. [i] Furthermore, t he lowest-quality (rated B+ and lower) cohort within the Bloomberg High Yield Index remains at the lowest levels since 2007. [ii].
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