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.
Also, the Delinquency Rate for Consumer Loans increased in 2022Q2 following the upward trend of its previous quarters.
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.
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Kacey Rask : Vice-President, Portfolio Servicing
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