Word: personent
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...chart predicting the odds that a borrower with a certain credit score would default on a mortgage. For example, it predicted that a loan to a borrower with a 680 score had a 1 in 144, or 0.7%, chance of becoming delinquent over the life of the loan; a person with a 700 FICO score would have a 1 in 288 chance, or just...
...using his company's data just to make new loans but also to better assess the risks of the loans they already have made. "Traditional credit scores do a reasonable job of separating the very bad from the very good," says Mondelli, "but when it comes to the average person, credit scores are not very effective at figuring out who will pay back a loan and who will struggle...
...Credit scores, first developed in the late 1950s, try to boil down to a single number whether a person is likely to pay back a loan. The most widely used ranking of individual creditworthiness is the FICO score. Fair Isaac Corp., which computes the number, won't say exactly what goes into the formula, but it is essentially a summation of an individual's credit history - which loans were paid off and which weren't - rolled up into a three-digit number between 300 and 850. The higher the number, the more likely you are to pay back a loan...
...willing to embrace significant change, then you're looking at the right person. But if you just want to keep the trains running on time, don't ask me to do this job." - when offered her first position in the Treasury in 1997, Washington Post...
Ship Ahoy. Expedia is offering a sale on cruiselines, like Norwegian, Royal Caribbean and Disney. Sail to Mexico on a four-night cruise from from San Diego or L.A. for just $189 per person, or to Alaska for 12 nights for $799 per person. Book by Feb. 27 for travel before March...