Consumer finance publications

PwC brings years of experience to provide in-depth discussion and insight to the critical issues of the consumer finance industry. Click on the following links to read our most recent newsletters and publications:

Boosting profitability requires long-term strategizing The historical approach to tracking revenues and costs is being replaced by a more granular style that allows for better decision making when monitoring profitability..

Feeling the pinch? Get ahead of advances Advances represent one of the most draining expenses for servicers in a high-delinquency environment. Tweaking analysis can help stop the bleeding.

When it comes to costs, don't forget the here and now Close scrutiny of expenses and intelligent cost reductions will drive firms' ability to achieve short-term cost savings and help transition them to sustainable long-term models.

How mortgage lender, servicer, insurer and guarantor action affects mortgage reserve, valuation and cash flow considerations
This whitepaper outlines what these service providers are currently or should be considering.

The New Financial Investigative Unit (FIU)
The benefits of integrating mortgage fraud into a larger enterprise and anti-money laundering control and prevention framework.

HASP: Update on considerations for mortgage servicers
This document serves to build on our previous HASP publications by providing additional considerations as servicers are in the process of implementing the plan or evaluating whether or not to participate.

Transforming collections and loss mitigation: Tackling the new realities
It’s time for a new strategy — one that meets the challenges of today's economic climate with proactive, innovative solutions for collections and loss mitigation. In this whitepaper we discuss steps servicers can take to transform their approach to collections and loss mitigation.

Customer segmentation: How to harness its profit building power
By building long-term relationships with the most valuable customer segments, companies can win over a loyal - and profitable - customer base. While each company's approach will be unique to their particular business needs, we have identified five steps that will help companies achieve the characteristics of a successful segmentation strategy.

Homeowner Affordability and Stability Plan (HASP): Update on its impact to mortgage servicers
Our point-of-view document serves to build on our previous publication, Homeowner Affordability and Stability Plan: Preliminary observations of its impact to mortgage servicers, by providing an explanation of the plan's details so that mortgage servicers are prepared for the changes. It focuses on two key components of the plan: the Home Affordable Refinance Program (HARP) and the Homeowner Modification Program (HMP).

Homeowner Affordability and Stability Plan (HASP): Preliminary observations of its impact on mortgage servicers
The plan's effectiveness and impact on mortgage bankers will depend on its details (to be announced) and how it is executed. Our point-of-view document discusses the plan's key components and the mortgage origination and servicing areas we anticipate to be affected.

Proposed cram down legislation: What does this mean for the mortgage industry
New legislation in the US Senate (S. 61) and the House of Representatives (H.R 200) proposes to allow bankruptcy judges, as part of Chapter 13 bankruptcy proceedings, to "cram down" mortgage balances with creditors (reduce the secured mortgage debt on primary residences to the fair market value of the property) thereby reducing consumer obligations.

Accounting considerations, Winter 2009
The Consumer Finance Group is pleased to present its winter 2009 edition of Accounting Considerations. The purpose of this publication is to provide insight into the complexaccounting and reporting issues that are affecting the industry today. This edition is focused on current and emerging accounting issues that have come into focus as a result of the financial crisis.

Consumer finance update, Winter 2009
This edition is focused on helping companies address both short-term challenges as well as to lay the groundwork for recovery and future growth.

Successful integrations: How to integrate processes, systems, employees, and customers in consumer finance companies
This whitepaper expresses a point of view on what companies can do to ensure a successful integration.

XBRL: Steps toward an implementation plan
In May 2008, the SEC formally submitted its proposal that would require all companies applying US Generally Accepted Accounting Principles (US GAAP) or International Financial Reporting Standards (IFRS) to begin using XBRL within the next three years. As the deadline for implementation nears, it is apparent there is a need for a greater awareness and deeper understanding about the costs and benefits XBRL offers. This whitepaper expresses a point of view on what companies can do now to ensure they are prepared when the proposal takes effect.

Understanding HERA and new regulations under HOEPA
This document summarizes hundreds of pages of legislation and regulation and presents a point of view on what steps mortgage executives need to consider as they start drafting a plan to comply with the new rules and potentially take advantage of the new FHA Hope for Homeowners program.

Customer retention and the mortgage industry, 2008 Executive roundtable highlights
This document summarizes the highlights of the PricewaterhouseCoopers' 2008 Executive Roundtable on customer retention.

Consumer finance update, Corporate sustainability edition
The consumer finance group is pleased to provide a newsletter dedicated to the discussion of sustainability and emerging trends for consumer finance companies.