Relevant and even prescient commentary on news, politics and the economy.

Calculated Risk commentary: Subprime Thinking

Commentary: Subprime Thinking from Wednesday morningre-posted with permission from the author When I started this blog in January 2005, one of my goals was to alert people to the housing bubble, and to discuss the possible consequences of the then approaching housing bust. Residential investment has historical been one of the best leading indicators for […]

FICO Scores and Mortgage Payment Performance

I had an informal discussion with a manager in an MBS IT area last month. Just a general conversation about the field and the data people check.  He mentioned FICO scores and I noted that I’m not fond of using them to evaluate a mortgage, especially for first-time homebuyers. Part of this is simple: it’s […]