A busy month for VantageScore
With the summer behind us, it’s time to jump into fall. There’s so much happening on the VantageScore home front, but we would be remiss if we did not acknowledge and extend our heartfelt support to the victims of hurricanes Harvey, Irma and Maria. On a personal level, this has hit our own VantageScore (extended) family, and we hope that those you may know who also have been impacted are on their way to recovery.
On a related note, take a look at our article “Credit Reporting and Natural Disasters,” which explains how credit scores don’t necessarily have to be adversely impacted if victims of natural disasters must ramp skip payments. As we’ve seen in the news, parts of our country are facing unlivable devastation right now. VantageScore 3.0 and 4.0 take into account these unfortunate circumstances. Read the article to find out how.
The rest of our newsletter is eclectic in topic. For example, any parents out there will likely want to read about Experian’s latest study on student loan debt. Scary but true, student debt has now risen to $1.4 trillion (that’s trillion with a “tr” in case you missed it). Experian’s research shows how much debt students acquire, the percentage of late payment on their loans and, of course, the average VantageScore credit score of students with loans. This data was sliced and diced to include both generational and regional insights. Make sure to see how the student in your life measures up.
To appeal to our structured finance friends, the latest Default Risk Index quarterly results are in. As you’ll read, the mortgage and auto lenders took on slightly more risk in the first quarter of this year. Total originations volume also declined. Check out the new data for yourself.
Finally, I told you we’ve been busy, right? Well, that’s because next month VantageScore 4.0 will be commercially available to lenders, and in the following months we also will be releasing a number of white papers to share more insights on our latest model. What’s more, we’re taking all of this good news with us on the conference circuit. Below is a list of places where you can find us this fall.
Hope to see our paths cross this conference season.
AREAA National Convention (9/28-30, San Diego)
American Banker Most Powerful Women in Banking and Finance (10/5, New York)
Banking AI Conference (10/16-17, Boston)
MBA Annual Convention (10/22-25, Denver)
CardCon + FinCon (10/25-28, Dallas)
SFIG Residential Mortgage Finance Symposium (11/7, New York City)
NCRA’s 25th Anniversary (11/6-9, Baltimore)
Housing America’s Families (11/15, Detroit)
Consumer Bankers Association webinar: VS4 (11/29, Online)
MBA Diversity & Inclusion Conference (12/4-5, DC)