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EverChain Patents Universal Due Diligence System Providing Unprecedented Visibility Into Client Network

RMAi Blog

When I founded EverChain in 2012, the debt sale and placement marketplace for default debt portfolios was inefficient and flawed,” Matthew Wratten, Chairman and CEO of EverChain said. Over the last decade, we’ve rapidly introduced truly market-changing products and services.

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Trepp’s Review and Outlook on Commercial Real Estate Market

Abrigo

The CMBS delinquency rate reached 10.31% earlier this year, and the peak ever was 10.34% in July 2012 so we reached almost the peak historically but have been slowly decreasing ever since. The overall CMBS delinquency rate in September came in at 8.92%, a decline of 10 basis points from the August number. Retail inched up to the 1.5%

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Historically, business failures increase after a recession. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

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Consumers Prioritize Mortgage Payments Over Auto

FICO Blog

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).

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Home Equity Loans For First-Time Buyers: A Double-Edged Sword

Due

The total value of home equity has doubled since 2017 and quadrupled since 2012 when the U.S. Possibility of foreclosure If you cannot repay your home equity loan or default on any of the loans, including your mortgage loan, your property might be placed under foreclosure. economy was recovering from the Great Recession.

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How to Refinance a Car Loan With Bad Credit

CreditStrong for Business

DTI= Total Recurring Monthly Debt / Monthly Gross Income $1,000 / $3,000 = 33% Lenders generally prefer a DTI of less than 36% and view borrowers that are inundated with debt as potentially at risk for default. This report suggests an increase compared to a 2012 Federal Trade Commission’s assertion of a 25% error rate.

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CECL Lessons Learned

Abrigo

Since the very inception of the concept of an expected loss standard back in 2012, Abrigo professionals have been paying close attention to the Financial Accounting Standards Board (FASB). For example, most community financial institutions have infrequent losses or default events in the majority of their portfolios.

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