{"product_id":"credit-risk-assessment-isbn-9780470461686","title":"Credit Risk Assessment","description":"\u003cp\u003eCredit Risk Assessment \u003cb\u003eThe New Lending System for Borrowers, Lenders, and Investors\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCredit Risk Assessment: The New Lending System for Borrowers, Lenders, and Investors\u003c\/i\u003e equips you with\u003ci\u003e\u003c\/i\u003e an effective comprehensive credit assessment framework (CCAF) that can provide early warning of risk, thanks to its forward-looking analyses that do not rely on the premise that the past determines the future. Revealing how an existing credit underwriting system can be extended to embrace all relevant factors and business contexts in order to accurately classify credit risk and drive all transactions in a transparent manner, \u003ci\u003eCredit Risk Assessment\u003c\/i\u003e clearly lays out the facts. \u003c\/p\u003e\u003cp\u003eThis well-timed book explores how your company can improve its current credit assessment system to balance risk and return and prevent future financial disruptions. Describing how a new and comprehensive lending framework can achieve more complete and accurate credit risk assessment while improving loan transparency, affordability, and performance, \u003ci\u003eCredit Risk Assessment\u003c\/i\u003e addresses: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow a CCAF connects borrowers, lenders, and investors—with greater transparency\u003c\/li\u003e \u003cli\u003eThe current financial crisis and its implications\u003c\/li\u003e \u003cli\u003eThe root cause to weaknesses in loan underwriting practices and lending systems\u003c\/li\u003e \u003cli\u003eThe main drivers that undermine borrowers, lenders, and investors\u003c\/li\u003e \u003cli\u003eWhy a new generation of lending systems is needed\u003c\/li\u003e \u003cli\u003eMarket requirements and how a comprehensive risk assessment framework can meet them\u003c\/li\u003e \u003cli\u003eThe notion of an underwriting gap and how it affects the lenders' underwriting practices\u003c\/li\u003e \u003cli\u003eTypical issues associated with credit scoring models\u003c\/li\u003e \u003cli\u003eHow improper use of credit scoring in underwriting underestimates the borrower's credit risk\u003c\/li\u003e \u003cli\u003eThe ways in which the current lending system fails to address loan affordability\u003c\/li\u003e \u003cli\u003eHow mortgage and capital market financial innovation relates to the crisis\u003c\/li\u003e\t \u003c\/ul\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003echapter 1 Unpacking the Financial Crisis 1\u003c\/p\u003e \u003cp\u003echapter 2 The Case for a Comprehensive Credit Assessment Framework 41\u003c\/p\u003e \u003cp\u003echapter 3 The Lender and the Underwriting Gap 107\u003c\/p\u003e \u003cp\u003echapter 4 The Borrower and Loan Affordability 161\u003c\/p\u003e \u003cp\u003echapter 5 The Investor and Financial Innovation 207\u003c\/p\u003e \u003cp\u003echapter 6 Crisis Intervention and Prevention 255\u003c\/p\u003e \u003cp\u003eIndex 301\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eCLARK ABRAHAMS\u003c\/b\u003e is Chief Financial Architect at SAS, where he leads business and product development. He has over thirty years of experience in the financial services industry with corporations including Bank of America and Fair Isaac Corporation. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMINGYUAN ZHANG, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e is Principal Consultant at SAS. He has over ten years of experience in developing and implementing economic forecasting, data mining, and financial risk management solutions for the financial services industry.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCredit Risk Assessment\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe New Lending System for Borrowers, Lenders, and Investors\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eExisting credit risk assessment methods have put too much of an emphasis on past loan performance and historical market conditions and not enough on borrower capacity, new mortgage product risk characteristics, and economic cycles. According to industry practitioners Clark Abrahams and Mingyuan Zhang, the housing market bubble boom and burst and the subsequent financial crisis could have been prevented had these underwriting gaps been properly addressed. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCredit Risk Assessment: The New Lending System for Borrowers, Lenders, and Investors\u003c\/i\u003e equips you with\u003ci\u003e\u003c\/i\u003e an effective comprehensive credit assessment framework (CCAF) that can provide early warning of risk, thanks to its forward-looking analyses that do not rely on the premise that the past determines the future. Revealing how an existing credit underwriting system can be extended to embrace all relevant factors and business contexts in order to accurately classify credit risk and drive all transactions in a transparent manner, \u003ci\u003eCredit Risk Assessment\u003c\/i\u003e clearly lays out the facts. \u003c\/p\u003e\u003cp\u003eThis well-timed book explores how your company can improve its current credit assessment system to balance risk and return and prevent future financial disruptions. Describing how a new and comprehensive lending framework can achieve more complete and accurate credit risk assessment while improving loan transparency, affordability, and performance, \u003ci\u003eCredit Risk Assess- ment\u003c\/i\u003e addresses: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow a CCAF connects borrowers, lenders, and investors—with greater transparency\u003c\/li\u003e \u003cli\u003eThe current financial crisis and its implications\u003c\/li\u003e \u003cli\u003eThe root cause to weaknesses in loan underwriting practices and lending systems\u003c\/li\u003e \u003cli\u003eThe main drivers that undermine borrowers, lenders, and investors\u003c\/li\u003e \u003cli\u003eWhy a new generation of lending systems is needed\u003c\/li\u003e \u003cli\u003eMarket requirements and how a comprehensive risk assessment framework can meet them\u003c\/li\u003e \u003cli\u003eThe notion of an underwriting gap and how it affects the lenders' underwriting practices\u003c\/li\u003e \u003cli\u003eTypical issues associated with credit scoring models\u003c\/li\u003e \u003cli\u003eHow improper use of credit scoring in under- writing underestimates the borrower's credit risk\u003c\/li\u003e \u003cli\u003eThe ways in which the current lending system fails to address loan  affordability\u003c\/li\u003e \u003cli\u003eHow mortgage and capital market financial innovation relates to the crisis\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether you are a borrower, a lender, or an investor, \u003ci\u003eCredit Risk Assessment\u003c\/i\u003e enables you to better understand the weaknesses in today's loan underwriting and to better cope with financial weaknesses toward fostering a new generation of credit models that possess greater transparency.   \u003c\/p\u003e\u003cp\u003eCredit Risk Assessment \u003cb\u003eThe New Lending System for Borrowers, Lenders, and Investors\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCredit Risk Assessment: The New Lending System for Borrowers, Lenders, and Investors\u003c\/i\u003e equips you with\u003ci\u003e\u003c\/i\u003e an effective comprehensive credit assessment framework (CCAF) that can provide early warning of risk, thanks to its forward-looking analyses that do not rely on the premise that the past determines the future. Revealing how an existing credit underwriting system can be extended to embrace all relevant factors and business contexts in order to accurately classify credit risk and drive all transactions in a transparent manner, \u003ci\u003eCredit Risk Assessment\u003c\/i\u003e clearly lays out the facts. \u003c\/p\u003e\u003cp\u003eThis well-timed book explores how your company can improve its current credit assessment system to balance risk and return and prevent future financial disruptions. Describing how a new and comprehensive lending framework can achieve more complete and accurate credit risk assessment while improving loan transparency, affordability, and performance, \u003ci\u003eCredit Risk Assessment\u003c\/i\u003e addresses: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow a CCAF connects borrowers, lenders, and investors—with greater transparency\u003c\/li\u003e \u003cli\u003eThe current financial crisis and its implications\u003c\/li\u003e \u003cli\u003eThe root cause to weaknesses in loan underwriting practices and lending systems\u003c\/li\u003e \u003cli\u003eThe main drivers that undermine borrowers, lenders, and investors\u003c\/li\u003e \u003cli\u003eWhy a new generation of lending systems is needed\u003c\/li\u003e \u003cli\u003eMarket requirements and how a comprehensive risk assessment framework can meet them\u003c\/li\u003e \u003cli\u003eThe notion of an underwriting gap and how it affects the lenders' underwriting practices\u003c\/li\u003e \u003cli\u003eTypical issues associated with credit scoring models\u003c\/li\u003e \u003cli\u003eHow improper use of credit scoring in underwriting underestimates the borrower's credit risk\u003c\/li\u003e \u003cli\u003eThe ways in which the current lending system fails to address loan affordability\u003c\/li\u003e \u003cli\u003eHow mortgage and capital market financial innovation relates to the crisis\u003c\/li\u003e\t \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989003845861,"sku":"NP9780470461686","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470461686.jpg?v=1761782393","url":"https:\/\/k12savings.com\/es\/products\/credit-risk-assessment-isbn-9780470461686","provider":"K12savings","version":"1.0","type":"link"}