COVID & Credit Risk Profiles – EDW Explores Implied Moratoria Across Different Borrower Categories
How has the impact of COVID-19 differed amongst various borrower segments within the RMBS asset class? Our research shows that the criteria used to identify the loans most likely to default (credit risk) also apply for identifying the loans most likely to have obtained a moratorium. We have identified the moratoria in our loan-level database […]
Venice – New Hotspot for Holidays of a Different Kind
Built upon a lagoon 1600 years ago in the Veneto region of Italy, the historical city of Venice is among Europe’s top tourist hot spots. Increasing living costs have over the years, however, led to a decrease in the city’s resident population and an increase in the concentration of properties for rent. Now, with the […]
New Pan-European Challenges for European DataWarehouse and Pegaso 2000
In the last months, the Eurosystem has been actively implementing a series of measures to support access to credit for the real economy. The most recent measures came in with the announcement of three long-term auctions in 2021 and the extension of the Pandemic Emergency Purchase Program (PEPP) until March 2022. The adopted measures include […]
Monitoring the Impact of COVID-19: Consumer Loan Insights
We recently looked into the payment holiday statistics for our consumer loans in our dataset. The results were discussed in our webinar on 15 December 2020. In the blog below, we discuss the insights at greater length. Usman Jamil and Gianluca Ginelli As no single field in our database fully captures the existence of payment […]
Impact of COVID-19 on Small Businesses and the Self-Employed: Evidence from Auto ABS Data
In our ABS auto data (which includes different types of loans and leases) we see that SME borrowers and the self-employed benefitted the most from maturity extensions, a specific type of loan modification which suggest that the borrowers were able to skip a payment in a time of need, therefore extending the expected life of […]
EDWIN Functionality and Usage to Transition to EDITOR
On October 15th, the ability to upload ECB loan-level data and documentation will transition from the EDWIN website to EDITOR (https://editor.eurodw.eu/). Data Owners/Data Providers will no longer be able to use the EDWIN website to upload data after the transition. Please see below for essential information regarding the transition: Date of Transition: 15.10.2019 Services Impacted: […]
Auto loans: Electric cars vs. Conventional cars
Are electric cars the future? Are they a (relatively) safe bet for investors in European Auto ABS? By analysing more than 22 million auto loans stored in our unique database and originated between 2011 and 2017, we were able to compare loans for electric and conventional cars that went into arrears at least once since […]
Auto loans: did you know how income impacts loans across Europe?
By analysing more than 4.7 Mio Auto loans stored in our unique database and securitised between 2008 and 2017, we are able to observe the Original Loan to Value (OLTV) behaviour based on the borrower’s salary band.
“I need a loan”: Insights on how people use loans and credit
In today’s world, most people have to borrow money and take out loans at some point in their lives. It may be a mortgage for a house, a car loan or a student loan. There are all kinds of reasons why people take out loans, but occasionally borrowing money becomes a problem and people struggle […]
Insights on the Original Loan to Value (OLTV) in France
By analysing more than 2.6 mm RMBS loans originated in France and securitised between 2013 and 2016, we are able to identify the relationship between the OLTV distribution and the départements in the French housing market. Facts: