This paper reports a preliminary investigation of the use of modern data mining tools for mortgage scoring. Using IBM's Intelligent Miner (a data mining toolbox), we built a model of serious delinquency on a sample of data from Mortgage Information Corpo-ration's Loan Performance System, which contains over 20 million loans with a volume of over $1.6 trillion. Currently, two technologies prevai...

Using a national survey data where the event of individual households being refused loans (credit rationed) by financial institutions -as well as the specific loans for which they were turned down -is observed directly, this study investigates both the role of relationships on credit rationing in the nineties and the differential role of relationships across credit rationing in various consumer...

Research background: The exponential growth of mortgage lending has taken on increasing importance in development securitization activities market for assets throughout the world. difficulty comparing mortgage-backed securities different countries explained by varying national legal features is reason why there no international such securities. Since 2014, entered stage nationalization; as a re...

Currently, in difficult epidemiological conditions, there are significant changes all spheres of human life. Also, the negative impact coronavirus epidemic (COVID-19) was not spared by such a area for humanity as mortgage. Mortgage activity has undergone context pandemic, especially under influence factors. However, despite Government Russian Federation proposed supportive measures and provided...

Global macroeconomic imbalance combined with deregulation of US banks and increasing US real estate prices formed the basis for aggressive growth in worldwide trading of so called Collateralized Debt Obligations (CDO), i.e. similar loans pooled to create a financial derivative that can be bought or sold. The CDOs consisted mainly of prime and subprime housing loans, where the latter type is cha...

February 2000 www.dcrco.com n recent years, collateralized debt obligations (CDOs) have emerged as one of the largest and fastest growing sectors of the asset-backed securities (ABS) market. Due to increasing use of bond and loan collateral within one transaction, the term collateralized debt obligation is becoming more popular, and the terms collateralized bond obligation (CBO) and collaterali...

In this paper, we propose the possibility that the mortgage boom and bust crisis of 2007–2009 might have been caused by financial innovation. We suggest that the astounding rise in subprime and Alt A leverage from 2000 to 2006, together with the remarkable growth in securitization and tranching throughout the 1990s and early 2000s, raised the prices of the underlying assets such as houses and m...

Based on differences between residential mortgage appraisals and automated valuation model (AVM) valuations from a leading valuation firm, at least 15% of non-agency securitized loans originated between 2001 and 2007 have upwardly biased appraisals, which cause average collateral value to be overstated by almost 5%. Simulations and internal data from a large lender that include funded loans and...