The Federal Reserve Bank will soon report the Consumer Loan Charge-off Rate (CLCOR) for the second quarter of 2022. According to the data published on Aug 22nd 2022, the total seasonally adjusted CLCOR figure for 2022Q2 was 1.10% above 2022Q1 level at 1.05%. Since 2021Q3, the historic bottom of the series, the CLCOR has been increasing.
https://fred.stlouisfed.org/graph/fredgraph.png?g=WrnF
Also, the Delinquency Rate for Consumer Loans increased in 2022Q2 following the upward trend of its previous quarters.
https://fred.stlouisfed.org/graph/fredgraph.png?g=STMp
The current most recent prediction for the upcoming report for 2022Q3 is 1.22%, up more than 10 percent of the previous quarter level. Here are the predictions for the next four coming quarters:
Below, you can see the performance of our predictions against the actual values since 2015Q4 that we started predicting CLCOR on a regular basis.
To learn more about the RDS Business Intelligence team, contact:
Kacey Rask : Vice-President, Portfolio Servicing
[email protected] /513.489.8877, ext. 261
