Anna Maria Andriotis

speaker

3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Credit Scores Rose to Record Levels During Pandemic · 19 Oct 2020 podcast

So somebody could still have maintained that high score because of the unemployment benefits they've been receiving, which allows them to pay their debts.

But what if they're on the verge of running out of that unemployment assistance, and they haven't gotten that next job yet?

So there is the fact that scores have increased is just one more example of the challenges that lenders are dealing with right now determining who to approve or not.

Because

what looks like somebody who is a good credit risk might not be.

And finding that evidence that they are risky within credit scores and credit reports is very tricky right now.

So the concern at this stage is it's now been, depending on the state that you live in, it's now been, could be a few weeks or a couple months since people have received, let's say, enhanced federal benefits.

And so the stimulus checks are long gone.

If you've been unemployed for several months, the state unemployment benefits might be running out as well.

So what happens if unemployment assistance is not extended by Congress?

Will there be a quick turn in loan performance where we quickly move from delinquency rates being steady to down?

credit scores having risen to the exact opposite happening on both fronts.

Much of this will rely on whether the assistance from the federal government will come and if it will come soon, and also how quickly people are able to

get jobs.

So again, there's several different factors playing out right now that for lenders trying to determine who to approve and who not to approve with their new loan applications, it's not as easy as it used to be.

Not that it was ever super easy, but it's become more challenging.

Lenders aren't doing away with credit scores and credit reports.

Those have always been, for decades, been kind of at the foundation of consumer credit underwriting.

But in addition to that, at this point, there is a bigger focus than prior to the pandemic on people's income, cash flow...

employment status.

Showing 1441–1460 of 3,396 · page 73 of 170