different PD estimation methods--cohort and duration (intensity)--using twenty-two years of credit ratings data. We find that …

Remarks at the Household Debt and Credit Press Briefing, New York City. …

clustered in neighborhoods where average borrower credit quality is low and, unlike prime mortgage loans, where African … will become seriously delinquent and find a significant role for credit quality of borrowers, debt-to-income and loan …

more pronounced, we find, in states with more generous bankruptcy exemptions and lower credit scores. We take that finding … the resulting losses to suppliers of consumer credit. We expect the savings to suppliers will be shared with borrowers by … way of lower credit card rates, although credit card spreads have not yet fallen. If cheaper credit is the upside of the …