FICO Inc. this spring conceived a scoring tool that identifies the type of borrower most likely to strategically default. In addition, placed against a lender’s customer base, the tool can narrow at-risk borrowers to a list of names. You Walk Away was formed by a former mortgage broker more than three years ago and has seen business jump lately.
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FICO Inc. this spring conceived a scoring tool that identifies the type of borrower most likely to strategically default. In addition, placed against a lender’s customer base, the tool can narrow at-risk borrowers to a list of names. You Walk Away was formed by a former mortgage broker more than three years ago and has seen business jump lately.
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U.S. Treasury yields could rebound from their lows of the year as a wave of corporate bond sales hits the market.
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Financial institutions must prove they can be wound down without causing systemic risk, leading regulators have urged, signalling a push for further stringent reforms of the financial system
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Reuters – Chinese banks must restrict “shadowing” activities and bring off-balance-sheet trust loans back onto their books to help ward off possible risk, the country’s top banking regulator said on Monday.
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Retired captain Chesley Sullenberger warned in an interview published Thursday by the DailyBeast.com, that cuts to FAA funding may have an impact on safety and that the government should be forthcoming about potential consequences. According to Sullenberger, cuts could translate to reductions in staffing at regulatory agencies and represent a decision to accept something less than the highest standards. He said such cuts would lead to an increased risk that someone will come to harm who otherwise would not have. Sullenberger stated that the industry has made a promise to passengers that it will do the best it can, even when that is not easy, expedient, or inexpensive. He also raised concerns about pilot fatigue regulation.
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BC First Nations tell banks: “Respect our rights, don’t participate in projects that put our communities at risk without our consent” Article Rating: WINNIPEG, TREATY ONE FIRST NATIONS TERRITORIES, MANITOBA — (Marketwire) — 04/28/11 — First Nations
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Despite the lack of economic fundamentals on Monday, yet markets moved strongly, where the U.S. dollar and the Japanese Yen strengthened against major currencies after China decided on Sunday to increase banks’ reserve requirements for the fourth time this year to control rising inflation risks, whi.
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Friday’s report is the latest in a series of audits J. Russell George, the Treasury inspector general for tax administration, has conducted on the home buyer tax credit. It said the agency paid out $513 million in questionable claims for the home buyer tax credit. Among the findings: …
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is keeping the value of the yuan artificially low to boost its economy through exports. “They take whatever they need to take in order to keep their currency at the desired level,” …
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