Setting adequate reserves based on today's values and true trends
FDIC and ICC regulators must have confidence that banks have sufficient reserves to handle potential losses during the COVID-19 pandemic, but how can they anticipate the market impact of such an unprecedented event? Without a way to evaluate whether lenders are making prudent decisions that will keep banks and the banking system safe, how can regulators know if reserves are sufficient to cover potential losses? Standard metrics are far behind the market and do not realistically indicate its direction.
Banks are reduced to blunt instrument methods such as historical worst-case scenarios. Regulators cannot anticipate the pressures the pandemic will put on national and local economies nor how lenders will respond. For five years, Weiss Analytics has specialised in tracking the value of every house and detecting patterns and trends that accurately capture market direction. By combining our historical metro, zip, and house indexes and forecasts with our weekly metrics, we provide a uniquely granular and accurate understanding of the realistic range of outcomes to help banks set prudent reserves and help regulators assess them.
Our Services Include
Current Property Valuations with continuous value tracking
"Solutions include a loan-by-loan current and forecasted value so you can summarise without losing resolution the house level volatility that drives loss scenarios. You can also zoom in to the asset level with ValPal to spot check bank reported valuations.Developments in printing technology, ink, and paper making, made it possible to print letterforms of high contrast and delicate hairlines."