So I've been comissioned to draft a seminar on developing models to predict default and delinquency using credit scores.
Sexy, yes, I know.
But in my research, I happened upon some data from Freddie Mac that makes me sick and warrants a lecture to be delivered to the lazy Americans who think that borrowing money against their house is a substitute for working.
These people literally anger me as they're the ones now who are whining and complaining about banks foreclosing on them because they were too stupid to read how ARM's work and got pinched when the short term rates adjusted.
Anyway, if you wanted a more lengthy, deep-thinking post, read the post below. Pulling old posts up because I'm dedicating a fair amount of time in preparation for busy season.