Vermont ranks as one of lowest credit risk states

With Mississippi as the highest and Vermont the third lowest, the TransUnion Credit Risk Index, a statistic developed to measure the changes in average consumer credit risk within various geographies, increased 1.98 percent from 124.79 in the fourth quarter of 2008 to 127.26 in the first quarter of 2009. On a year-over-year basis, the Credit Risk Index increased 7.10 percent (from 118.83 in the first quarter of 2008), the largest increase for that time period in this decade. The Credit Risk Index is defined as the weighted average probability of 90-day delinquency or worse among consumers in a given region relative to the nation as a whole.On a state basis, Mississippi ranks as the riskiest state in the nation with a Credit Risk Index of 166.45. It is followed closely by Texas (162.59), Nevada (158.97), South Carolina (158.76) and Louisiana (153.84). The least risky states include: North Dakota (82.02), Minnesota (88.53), Vermont (91.82), South Dakota (94.75) and Iowa (95.26).The states that experienced the largest quarterly changes included Nevada (4.25 percent increase), Arizona (4.06 percent increase) and California (3.98 percent increase). Though Louisiana’s Credit Risk Index is the fifth highest in the nation, it is the only state that experienced a drop on a quarterly basis of .03 percent. Arkansas experienced a minimal 0.01 percent gain while Vermont increased 0.52 percent.On a year-over-year basis, Arizona (14.82 percent increase), Nevada (14.38 percent) and California (13.82 percent) had the highest percentage increases. The three states with the lowest yearly percent increases included, Alaska (1.51 percent increase), Vermont (2.17 percent increase) and Kentucky (2.85 percent increase).”The Credit Risk Index is a true barometer of today’s economy, and the first quarter of 2009 indicates that the inherent level of credit risk within the U.S. is now 27.26 percent higher than the level reflected in TransUnion’s consumer credit database at the conclusion of 1998,” said Chet Wiermanski, global chief scientist at TransUnion. “Credit Risk Index data suggest that the growth in consumer credit risk has slowed during the past quarter, a positive note. However, the index remains at an all-time historical high, indicating that delinquencies and foreclosures will continue to rise in the coming months.””It is apparent that many of the states experiencing the highest increases in credit risk are the same when looking at the Credit Risk Index statistic on both a quarterly and yearly basis,” said Wiermanski. “This leads TransUnion to believe that consumers in these states will experience prolonged systemic difficulties in both in their ability to satisfactorily repay their existing credit obligations and in their ability to acquire new credit.”While an individual credit score can be quite powerful and accurate in predicting the probability of delinquency for an individual, the average credit score for a specific geography or customer segment does not accurately portray the level of risk existing within that footprint or segment to the same degree as TransUnion’s Credit Risk Index. This is because most credit scores are built on a non-linear scale, so averaging scores does not yield the correct measure of underlying probability of default. Credit Risk Index is a great instrument for gaining insight into the potential impact of external factors on the credit risk and rate of default within a given region, or for a given population segment, precisely because it accounts for the non-linearity of the underlying credit score,” continued Wiermanski.The Credit Risk Index uses the fourth quarter of 1998 as a baseline for comparison. Therefore it measures changes in consumer credit score distributions relative to the national distribution and delinquency rates as a whole at the end of 1998. This is considered by TransUnion as a representative year of credit performance within the usual dynamic of the historical credit cycle. A value of more than 100 represents a higher level of relative risk.TransUnion’s Credit Risk Index reflects the distribution of consumer credit risk as measured by TransUnion’s TransRisk Account Management Credit Risk Model and is a key metric within TransUnion’s Trend Data database. For comparison purposes, the Credit Risk Index in recent years has generally ranged between 110 and 120, experiencing a one- or two-point shift between quarters.TransUnion’s Trend Data databaseThe source of the underlying data used for this analysis is TransUnion’s Trend Data, a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion’s national consumer credit database. Each record contains more than 200 credit variables that illustrate consumer credit usage and performance. Since 1992, TransUnion has been aggregating this information at the county, Metropolitan Statistical Area (MSA), state and national is external)About TransUnionAs a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents. is external)Website: is external) Source: TransUnion. CHICAGO, July 9, 2009 /PRNewswire/ — read more

Vintage bomb found in Singcang-Airport

first_imgBACOLOD City – A vintage bomb was found at a construction site in Barangay Singcang-Airport. According to police investigators, 26-year-old construction laborer Eldon Tejero discovered the explosive device while he was digging in the site around 2:40 p.m. on May 6.The 60-millimeter bomb was turned over to Demi Montoya, a bomb expert of the Bacolod City Police Office./PNlast_img

Syracuse looks for improved faceoff performance in 2014

first_img Published on January 7, 2014 at 7:24 pm Contact Jesse: | @dougherty_jesse In his entire 25-minute press conference at Syracuse lacrosse media day on Monday, John Desko threw out just one number.Forty-two.That was his team’s winning percentage on faceoffs a season ago, and he almost acted like he didn’t know it off the cuff.“Obviously the faceoffs we need to — what were we, 42 percent there last year, or whatever it was? We need to get better there,” Desko said.But in all likelihood, it’s a number that’s been running through Desko’s head since his team’s struggles at the X helped Duke peel the national championship trophy out of SU’s hands last May. Now, addressing faceoffs is at the top of Desko’s agenda heading into the season. AdvertisementThis is placeholder text“We’ve worked as hard on faceoffs as we ever have,” Desko said. “We may have worked more than we have in the last three years put together as far as looking at technique, film, repetitions and working on things.”Desko said that while he wishes the position was closed, it’s not. Chris Daddio and Cal Paduda are the guys “at this point.”Daddio, a senior midfielder, appeared in 19 games last season and led Syracuse with 115 faceoff wins and 254 attempts. Paduda, a sophomore midfielder, appeared in 13 games and was second on the team with 47 wins and 111 attempts. Desko also mentioned sophomore midfielder Austin Wentworth as a player who could be in the fold. “Those guys have been working so hard on faceoffs,” senior captain Derek Maltz said. “I’m really confident with the way they are working that they can get a lot better there.”But Desko still thinks that the current rules give faceoffs too much importance. In the national championship, Duke’s faceoff specialist Brandon Fowler kept the Blue Devils offense on the field and Desko said the Orange was “handcuffed.”But then he added, through laughter, that he isn’t the one to bring that up in the coaches convention meetings.“Rarely do you see a guy out there who stays in and plays offense. Rarely do you see a guy who stays out there and plays defense,” Desko said. “But now you have a guy who doesn’t play offense or doesn’t play defense but might have the most effect on the outcome of a game.”As Syracuse moves into the Atlantic Coast Conference, problems at the X loom larger than ever. The Orange is No. 2 in Lacrosse Magazine’s Preseason Top 20. Duke is No. 1, North Carolina No. 3, Notre Dame No. 5, Maryland No. 7 and Virginia No. 9. Five ACC teams, not including SU, in the top 10. The Orange’s schedule is ranked the hardest in the country. While Desko used Monday’s press conference to highlight a lot of positives heading into the season, he continually went back to faceoffs as the team’s glaring weakness. Said Desko: “We want to figure out who our people are there as quickly as we can.” Comments Facebook Twitter Google+last_img read more