Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962088 | Journal of Housing Economics | 2011 | 14 Pages |
Abstract
⺠The first stage predicts the level and degree of change in borrower FICO scores on mortgages. ⺠The second stage incorporates the FICO score change in a prediction of default or prepayment. ⺠The models are robust to default prediction. ⺠The duality in the prepayment decision results in less predictive success.
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Authors
Brent C Smith,