IDEAS home Printed from https://ideas.repec.org/a/fip/fedreb/88294.html
   My bibliography  Save this article

Loan-Delinquency Projections for COVID-19

Author

Listed:
  • Grey Gordon
  • John Bailey Jones
  • Jessica Sackett Romero

Abstract

The authors forecast the effects of COVID-19 on loan-delinquency rates under three scenarios for unemployment and house-price movements. Absent policy interventions, the model predicts peak loan-delinquency rates of 2.8 percent in the favorable scenario, 8.1 percent in the severe scenario, and 3.9 percent in the baseline scenario. The greatest reductions in delinquency are achieved through home mortgage forbearance and student loan forbearance, with fiscal transfers playing a smaller role.

Suggested Citation

  • Grey Gordon & John Bailey Jones & Jessica Sackett Romero, 2020. "Loan-Delinquency Projections for COVID-19," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue 20-05, pages 1-4, April.
  • Handle: RePEc:fip:fedreb:88294
    as

    Download full text from publisher

    File URL: https://www.richmondfed.org/publications/research/economic_brief/2020/eb_20-05
    File Function: Full Text
    Download Restriction: no

    Other versions of this item:

    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic consequences > Finance and credit

    More about this item

    Keywords

    loan-delinquency; COVID-19;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedreb:88294. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/frbrius.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.