Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)
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%. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off.
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