Analytics firm develops alternative to credit scores
Digital Risk argues that credit scores such as FICO failed to predict large numbers of defaults during the mortgage bust years.
WASHINGTON — Do you ever get the feeling that your credit score doesn’t adequately portray your true risk as an applicant for a home mortgage?
If your FICO score is a subpar 690 but you know that you are a solid candidate for a loan, do you think that lenders’ heavy dependence on credit scores is unfair to you as an individual?...
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