Collins Conference Room
Seminar
US Mountain Time
Our campus is closed to the public for this event.
Joe Breeden (Prescient Models)
Abstract. The headlines about the US Mortgage Crisis speak to poor underwriting, the moral hazard of securitization, rampant fraud, and broken valuation models. This work uses a 20-year data set to show that a deeper issue lurks in consumer lending. Sometimes the good consumers do not want loans for reasons the standard models cannot see. The talk will discuss the latest developments in how to model consumer behavior and how we can predict future credit cycles.