Contributing Member of the Financial & Business Services Councils

Names and details of certain GLG News authors are available only to GLG Clients and Council Members. GLG News authors are subject-matter experts within the GLG Councils and are available for expert consulting - by phone, in-person, or written analysis. To find out how to become a GLG client or Council Member, click here.

GLG News by this Author

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

The Fallacies of FICO

January 22, 2008

Analysis of:The next banking crisis on the way | articles.moneycentral.msn.com

FICO scores are a good toll, but not the only tool. Shortcuts used in the name of efficiency when evaluating credit risk does not count as prudent underwriting practice. Understanding what went wrong is the key to successful recovery.

NAIC Model Act Requirements

September 6, 2007

Analysis of:Fitch May Drop Some Mortgage Insurer Ratings | www.propertyandcasualtyinsurancenews.com

As part of the NAIC Model Act, Mortgage Insurers are required to maintain a AA claim paying rating in order to provide Mortgage Insurance. As all the MI companies currently posses a AA rating, a downgraded rating in claim paying ability would prevent this company from providing MI on new residential home loans. Mortgage Insurance provides partial coverage to the lender in the event of borrower default. Claims are paid upon successful foreclosure of the property.

Page : 11 to 2 of 2

Subscribe to Updates

By RSS