Understanding key changes in the consumer lending environment allows lenders to react quickly to develop more effective and profitable lending strategies. View Experian's overview of the latest consumer credit trends, including highlights from the Q1 2015 Experian-Oliver Wyman Market Intelligence Report to discover key trends impacting consumer credit decisions and learn about consumer behaviors in the context of economic trends from real estate, banking and automotive.

1. 1
©2015 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of
Experian Information Solutions, Inc. Other product and company names mentioned herein are the trademarks of their respective owners.
No part of this copyrighted work may be reproduced, modified, or distributed in any form or manner without the prior written permission of Experian.
Experian Public.
Unique insights on the
consumer credit market
Highlights from the Q1 2015 Experian–Oliver
Wyman Market Intelligence Report

2. 2©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
Introduction
Linda Haran
Senior Director
Experian Decision Sciences
Alan Ikemura
Senior Product Manager
Experian Decision Sciences
Today’s Speakers:

3. 3©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
 2015 Economic Outlook
 Origination and Delinquency Trends
► Mortgage
► Home Equity
► Bankcard
► Automotive
Experian-Oliver Wyman Market Intelligence Report
Agenda

4. 4©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Economic Trends

5. 5©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
2015 Outlook
 Unemployment levels
continue to decline, to 5.4%
in March
 GDP increased nominally in
the first quarter, by 0.2%
 Housing market continues to
show improvements
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
2Q1980
4Q1981
2Q1983
4Q1984
2Q1986
4Q1987
2Q1989
4Q1990
2Q1992
4Q1993
2Q1995
4Q1996
2Q1998
4Q1999
2Q2001
4Q2002
2Q2004
4Q2005
2Q2007
4Q2008
2Q2010
4Q2011
2Q2013
US Gross Domestic Product
Percent change from preceding period

6. 6©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Mortgage Trends

7. 7©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Origination Trends | Mortgage
$0
$100
$200
$300
$400
$500
$600
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
$416 $407 $436 $508 $537 $515 $555 $441 $317 $253 $350 $386 $374 $316
Mortgage origination volume (in $BNs)
YoY increase of 25%

8. 8©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$0
$50
$100
$150
$200
$250
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
Midwest Northeast South Atlantic South Central West
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Origination Trends | Mortgage
Origination volume by region (in $BNs)

9. 9©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
30-59 60-89 90-180
Mortgage delinquency rates as % of balances
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Delinquency Trends | Mortgage

10. 10©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Delinquency Trends | Mortgage
30+ dpd balance exposure (in $BNs)
$7.0
$7.2
$7.4
$7.6
$7.8
$8.0
$8.2
$8.4
$8.6
$8.8
$9.0
$0
$100
$200
$300
$400
$500
$600
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
30+ dpd Exposure Balances O/S
30+ delinquency exposure continues to decline while balances see steady increases

11. 11©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0%
1%
2%
3%
4%
5%
6%
3 6 9 12 15 18 21 24
Months after origination
2008 Q2 2009 Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q2
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Delinquency Trends | Mortgage
Vintage performance | 30+ delinquency rates as % of trades

12. 12©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Home Equity Trends

13. 13©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$0
$5
$10
$15
$20
$25
$30
$35
$40
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
Overall $20 $19 $23 $23 $22 $22 $28 $30 $28 $26 $34 $37 $35 $31
HELOC origination volume limits (in $BNs)
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Origination Trends | HELOC

14. 14©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
Midwest Northeast South Atlantic South Central West
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Origination Trends | HELOC
HELOC origination volume limits by region (in $BNs)

15. 15©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
30-59 60-89 90-180
HELOC delinquency rates as % of balances
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Delinquency Trends | HELOC

16. 16©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
3 6 9 12 15 18 21 24
Months after origination
2008 Q2 2009 Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q2
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Delinquency Trends | HELOC
Vintage performance | 30+ delinquency rates as % of trades

17. 17©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Bankcard Trends

18. 18©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
$57 $57 $61 $59 $63 $68 $77 $71 $77 $81 $80 $77
Bankcard origination volume (in $BNs)
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Origination Trends | Bankcard

19. 19©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$36.2
$6.8
$1.7
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
Super Prime Prime Near Prime Subprime Deep Subprime
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Origination Trends | Bankcard
Bankcard origination volume by VantageScore (in $BNs)
$0.11
$31.7

20. 20©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
Super
Prime
Prime Near
Prime
Subprime Deep
Subprime
Q1 2014 Q1 2015
Average limit per new trade by VantageScore
(in $s)
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
Super Prime Prime Near Prime
Subprime Deep Subprime
-0.6%
-3.2%
-17.5%
-8.8%
-25.9%
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Origination Trends | Bankcard
YoY % change in average limit by VantageScore
$9,604
$5,209
$2,277
$966
$509
$9,543
$5,382
$2,497
$1,171
$686

21. 21©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
550
560
570
580
590
600
610
620
630
640
650
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
Balances O/S Unemployment
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Outstanding Trends | Bankcard
Bankcard balances (in $BNs) to Unemployment rate
National Unemployment Rate: Bureau of Labor Statistics
6.7%
$629
5.4%
$596

22. 22©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
30-59 DPD 60-89 DPD 90-180 DPD Charge-offs
Bankcard delinquency rates as % of balances
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Delinquency Trends | Bankcard
4.33%
1.28%
0.78%
0.48%

23. 23©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Auto Trends

24. 24©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
$0
$20
$40
$60
$80
$100
$120
$140
$160
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
$107 $116 $109 $115 $132 $135 $121 $127 $142 $146 $133 $134
Auto origination volume (in $BNs)
$555BN
+8%
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Origination Trends | Auto Loans
$515BN

25. 25©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
32% 31% 28% 28%
34% 33%
33% 29%
20% 21%
22% 25%
14% 15% 17% 18%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 Q1 2013 Q1 2014 Q1 2015 Q1
Captive Auto Banks Credit Unions Finance
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Origination Trends | Auto Loans
Auto origination volume distribution by lender type

26. 26©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Finance
Credit Unions
Captive Auto
Banks
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Super Prime Prime Near Prime Subprime Deep Subprime
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Origination Trends | Auto Loans
VantageScore distribution of origination volume by financial institution (latest quarter)
21% 10%20%49%
42%23% 22% 12%
17% 51% 23% 9%
11% 26% 21% 37% 5%
0.4%
0.5%
0.3%

27. 27©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
30-59 60-89 90-180
Auto loan delinquency rates as % of balances
1.83%1.85% 1.77%
Experian-Oliver Wyman Market Intelligence Reports
Q1 2015 Delinquency Trends | Auto Loans
0.46%
0.22%

28. 28©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
Q1 2015 Summary
 Economy slowed in the quarter, but steady
► Unemployment continues to decline
► GDP relatively flat; consumer confidence stable
 Real estate showing signs of life
► 1st Mortgage: 25% increase YoY
► HELOC originations: still generating over $30BN/quarter
► Strong loan performance for both portfolios
 Bankcard increases, but slower than prior quarters
► 8% YoY and 6% YoY for originations and balances, respectively
► Delinquency remains near all-time lows
 Auto growing through continuing channel diversification
► 6% YoY growth; Credit Unions and Finance categories now
represent over 40% of originations
► Delinquency back in check after slight upticks in previous
quarters

29. 29©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
IntelliView
 *NEW* Segment by Experian-exclusive scores
 *NEW* Overlay key macroeconomic indicators
 A unique combination of industry leading assets
from Experian and Oliver Wyman
 Benchmark your portfolio performance against
peers and industry to gain a competitive
advantage
 Quickly and easily respond to what-if scenarios
and run multiple iterations as needed
IntelliView v1.2 now available!

30. 30©2015 Experian Information Solutions, Inc. All rights reserved.
Experian Public.
Experian-Oliver Wyman Market Intelligence Report
VantageScore Overview
VantageScore Credit Tiers
Super prime 781-850
Prime 661-780
Near prime 601-660
Subprime 500-600
Deep subprime 300-499
VantageScore®, which is used by lenders
and now available to consumers, is the first
credit score developed cooperatively by
Experian and the other national credit
reporting companies.
The VantageScore 3.0 model ranges from
300 - 850 with a high score = low risk.
Note: Each lender determines credit quality tiers according to their own lending strategies. The credit tier breakdown is offered only
as an approximation.
VantageScore is a registered trademark of VantageScore Solutions, LLC.