Last edited by Kazragore
Monday, August 10, 2020 | History

3 edition of A portfolio view of consumer credit found in the catalog.

A portfolio view of consumer credit

David K. Musto

A portfolio view of consumer credit

by David K. Musto

  • 271 Want to read
  • 7 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Consumer credit -- Mathematical models

  • Edition Notes

    StatementDavid K. Musto, Nicholas S. Souleles.
    SeriesNBER working paper series -- working paper 11735, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 11735.
    ContributionsSouleles, Nicholas S., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL23672891M
    LC Control Number2005399828

    1. Top-down portfolio management is focused on loss and capital calculations and the avoidance of unpleasant surprises. The first major theme is that credit portfolio management, in the particular sense of applied modern portfolio theory (MPT), is really not being practiced in North American consumer .   Consumer Credit Models book. Read reviews from world’s largest community for readers. The use of credit scoring--the quantitative and statistical techniq /5(6).

    Debt Portfolio Evaluator is driven by Experian’s powerful Collection Advantage SM product, which combines consumer credit data, credit-based scoring and advanced analytics to provide a degree view of consumers. This process uses Experian’s vast credit databases to deliver a detailed analysis for each debtor in the portfolio.   Original review: Aug. 15, Stay away from CPS! Financed a car back in Once I reached a balance of $4, it remained that way for over 2 years/5().

    View Briana Merezko’s profile on LinkedIn, the world's largest professional community. Briana has 1 job listed on their profile. Credit Analyst at Consumer Portfolio Services Greater Los Title: Credit Analyst at Consumer .   their credit portfolio management functions, enhance their risk management programs, and contribute to developing more transparency and stability in the financial markets overall. • Senior managements have increased confidence in their credit portfolio management (CPM) functions and view them as integral to forming an enterprise view of risk.


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A portfolio view of consumer credit by David K. Musto Download PDF EPUB FB2

A Portfolio View of Consumer Credit David K. Musto, Nicholas S. Souleles. NBER Working Paper No. Issued in November NBER Program(s):Asset Pricing, Economic Fluctuations and Growth, Monetary Economics To compute risk-adjusted returns and gauge the volatility of their portfolios, lenders need to know the covariances of their loans' returns with aggregate returns.

A portfolio view of consumer credit [An article from: Journal of Monetary Economics] Currently unavailable. We don't know when or if this item will be back in stock.

Edition: e-document › See more product promotions. Editorial Reviews. This digital document is a journal article from Journal of Monetary Economics, published by Elsevier in.

Get this from a library. A portfolio view of consumer credit. [David K Musto; Nicholas S Souleles; National Bureau of Economic Research.] Print book: EnglishView all editions and formats: Rating: (not yet rated) 0 with reviews - Be the first.

Subjects: Consumer credit -- Econometric models. The goal of this paper is to provide a portfolio view of consumer credit. Lenders usually gauge the risk of their consumer loans by credit-risk scores, which measure a consumer’s expected probability of default in isolation (a first moment).

But the aggregate volatility of a. Downloadable (with restrictions). This paper takes a portfolio view of consumer credit. Default models (credit-risk scores) estimate the probability of default of individual loans. But to compute risk-adjusted returns, lenders also need to know the covariances of the returns on their loans with aggregate returns.

Covariances are independently relevant for lenders who care directly about the. Get this from a library.

A portfolio view of consumer credit. [David K Musto; Nicholas S Souleles; National Bureau of Economic Research.] -- "To compute risk-adjusted returns and gauge the volatility of their portfolios, lenders need to know the covariances of their loans' returns with aggregate returns.

Cross-sectional differences in. Credit portfolio management (CPM) is a key function for banks (and other financial institutions, including insurers and institutional investors) with large, multifaceted portfolios of credit, often including illiquid loans.

Historically, its role has been to understand the institution’s aggregate credit risk, improve returns on those risks—sometimes by trading loans in the secondary market.

This paper takes a portfolio view of consumer credit. Default models (credit-risk scores) estimate the probability of default of individual loans.

But to compute risk-adjusted returns, lenders also need to know the covariances of the returns on their loans with aggregate returns. To compute risk-adjusted returns and gauge the volatility of their portfolios, lenders need to know the covariances of their loans’ returns with aggregate returns.

We use unique credit bureau data to measure individuals’ ‘covariance risk’, i.e., the covariance of their default risk with aggregate consumer default rates, and more generally to analyze the distribution of credit. In Managing a Consumer Lending Business 2nd edition, Lawrence and Solomon have again assembled a comprehensive tool kit and management guide for running or evaluating a firm making consumer ng the range of products from credit cards to mortgages, and the range of functions from planning and acquisitions to risk management and collections, it also examines Reviews: capture portfolio effects and account for obligor default correlations.

Several portfolio credit risk models developed in the industry have been made public; e.g., CreditMetrics (Gupton et al. ), CreditRisk + (Credit Suisse Financial Products ) and Credit Portfolio View (Wilson a and b).

Others remain proprietary, such as KMV’s. Credit Card Options Worksheet Annual Credit Report Request Form Resources American Consumer Credit Counseling (ACCC) is a nonprofit (c)(3) organization.

Founded inACCC offers confidential credit counseling, housing counseling, bankruptcy counseling, a debt management program, and educational resources nationwide.

In my view, one of the best ways So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. for consumer credit. The set of obligors is larger than that of the like for like universe, so it is more representative of Bank A’s portfolio.

The Banks A’s view of the full Consumer Services portfolio was less negative in and H1 with downgrades outnumbering upgrades in only 8 out of 12 months. This book explains how financial institutions, such as banks and finance houses, manage their portfolios of credit cards, loans, mortgages and other types of retail credit agreements.

The second edition has been substantially updated, with new chapters on capital requirements, Basel II, scorecard and portfolio. DebtTrader masks all consumer PII automatically when you upload your file, yet still allows buyers to score and value the portfolio through our secure integration with the same third-party scoring companies’ buyers already use.

*Some PII is released with the specific instructions of the Issuer. The ninth edition of the Credit Suisse Research Institute's Emerging Consumer Survey examines eight major emerging economies with Thailand added as a new market replacing South Africa. The report provides unique bottom-up insights into specific end-markets, products and brand preferences, alongside overall barometers of confidence.

The mark-to-market book used for active portfolio management Credit portfolio management’s execution function should be independent of the institution’s own trading areas and have its own execution capability.

Options available in official accounting rules should be: • Used to reveal the true economics of positions. Best takeaways from this Top Portfolio Management book. This best portfolio management book targets the core finance professionals and does a great job providing value.

This book has not only conveyed an unconventional approach of portfolio management, but it has also provided a step-by-step plan so that readers can implement this new approach. The introduction of the Basel Capital Accord banking regulations and the credit crunch following the problems with securitizing sub prime mortgage mean one needs to be able to extend the default risk models from individual consumer loans to portfolios of such loans.

Addressing these challenges requires new models that use credit scores as inputs. Capital One CFO Scott Blackley pointed out that actual losses in the card book are typically higher than those in the auto portfolio, primarily because its easier to recover collateral on auto.the absent credit limit, potentially inflating the utilization ratio and lowering the credit score.

Errors in, or incompleteness of, consumer-provided or pubic record information in credit reports can also impact scoring. Consumer-supplied information comes mainly from credit applications. Target % yields backed by solid earnings for better portfolio income. Summary CSWC has received a green light from the SBA, which opens up .