Download Ebook BookConsumer Credit Models Pricing Profit and Portfolios

PDF Consumer Credit Models Pricing Profit and Portfolios

PDF Consumer Credit Models Pricing Profit and Portfolios

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Book Details :
Published on: 2009-04-01
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Original language: English

The use of credit scoring--the quantitative and statistical techniques to assess the credit risks involved in lending to consumers--has been one of the most successful if unsung applications of mathematics in business for the last fifty years. Now with lenders changing their objectives from minimising defaults to maximising profits, the saturation of the consumer credit market allowing borrowers to be more discriminating in their choice of which loans, mortgages and credit cards to use, and the Basel Accord banking regulations raising the profile of credit scoring within banks there are a number of challenges that require new models that use credit scores as inputs and extensions of the ideas in credit scoring. This book reviews the current methodology and measures used in credit scoring and then looks at the models that can be used to address these new challenges. The first chapter describes what a credit score is and how a scorecard is built which gives credit scores and models how the score is used in the lending decision. The second chapter describes the different ways the quality of a scorecard can be measured and points out how some of these measure the discrimination of the score, some the probability prediction of the score, and some the categorical predictions that are made using the score.The remaining three chapters address how to use risk and response scoring to model the new problems in consumer lending. Chapter three looks at models that assist in deciding how to vary the loan terms made to different potential borrowers depending on their individual characteristics. Risk based pricing is the most common approach being introduced. Chapter four describes how one can use Markov chains and survival analysis to model the dynamics of a borrower's repayment and ordering behavior. These models allow one to make decisions that maximize the profitability of the borrower to the lender and can be considered as part of a customer relationship management strategy. The last chapter looks at how the new banking regulations in the Basel Accord apply to consumer lending. It develops models that show how they will change the operating decisions used in consumer lending and how their need for stress testing requires the development of new models to assess the credit risk of portfolios of consumer loans rather than a models of the credit risks of individual loans. Business News Personal Finance and Money News - ABC News Find the latest business news on Wall Street jobs and the economy the housing market personal finance and money investments and much more on ABC News Model risk - Wikipedia In finance model risk is the risk of loss resulting from using models to make decisions initially and frequently in the context of valuing financial securities ... Credit Valuation Moody's Analytics In this Moody's Analytics webinar Michael Infante Chief Credit & Risk Officer at Cisco Capital shares his daily best practices frameworks and processes. Product Reviews and Ratings - Consumer Reports We're fighting to ensure you and your family can get a fair deal in the marketplace especially on the choices that matter most: health care privacy automobiles ... Option (finance) - Wikipedia In finance an option is a contract which gives the buyer (the owner or holder of the option) the right but not the obligation to buy or sell an underlying asset or ... RiskCalc - Private Firm Default & Recovery Moody's ... RiskCalc offers a comprehensive approach to assessing the default and recovery of private firms and financial institutions. RiskCalc is the model of choice for ... AOL - Finance News & Latest Business Headlines Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate it can all be found here. "When Credit Bites Back: Leverage Business ... - frbsf.org Exchange rate shocks have mixed effects on economic activity in both theory and empirical VAR models. In this paper we extend the empirical literature by considering ... Business Risk Management A Full Range of Tools and ... Business risk management Protect your consumer and commercial account portfolios The Free List of Bank & Credit Union Repo Sales ... Repo Finder provides free repossessed bank cars for sale bank repossessed cars credit union repossessions and ATV repo lists among other repo sales service lists ...
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