Sharon Tilley

With non-mortgage write-off rates at the lowest YTD level seen since 2012[1], it’s easy to forget that the pandemic has, in fact, stressed many borrowers. In contrast to mortgage forbearances of six to 12 months, bankcard payment accommodations are typically just one to two months, with card lenders less likely to readily grant repeated accommodations.  Is the re…

FICO presented key insights from recent FICO^® Resilience Index research and early lender adoption use cases that surfaced during the pandemic-driven downturn at several key industry events early this summer. FICO also previewed FICO^® Resilience Index 2, the latest advance in FICO’s groundbreaking product, with more precise insight about a borrower’s resilience to…

Early in the COVID-19 pandemic, FICO data scientists discovered that the FICO^® Resilience Index was a strong predictor of the likelihood that consumers were receiving loan accommodations such as payment deferrals and forbearances following implementation of the CARES Act.   In the months following the early summer peak in loan accommodations, FICO analysts won…

When we released the FICO^® Resilience Index in late 2019, we were often asked, “How do you know it will work in the next recession, if it was developed based on the Great Recession?” As the economic uncertainty due to the COVID-19 pandemic mounted, this question gained urgency. But with limited delinquency data being reported, we explored other means to help our cl…