Subprime Consumer Lending

Subprime Consumer Lending

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The subprime lending market is growing rapidly due to the use of securitization and the attempts of lending institutions to boost their client pool. This book gives readers a working, up-to-date knowledge of subprime consumer lending. It provides a guide to the concept of credit risk as it relates to lending practices, risk-based and risk-adjusted pricing, credit scoring, collection methodology, credit card services, auto loans, several aspects of securitization of subprime assets, and recent developments in the United Kingdom.PROCESSING AND SYSTEMS INTERFACE The credit card industry has done an exceptionally good job at driving processing costs to the lowest level possible. ... After the $5, 000 payment aquot;bounces, aquot; this generally becomes a frantic, and often unsuccessful, aquot;skip traceaquot; effort. Other areas where systems tools can be especially helpful to a subprime issuer include authorization settings, collections anbsp;...

Title:Subprime Consumer Lending
Author:Frank J. Fabozzi, CFA
Publisher:John Wiley & Sons - 1999-11-15


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