About the Book
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The book discusses how a comprehensive credit assessment framework can extend existing credit scoring to embrace all relevant factors and business contexts so that lenders can classify credit risk in a more effective, transparent, and forward-looking manner. Various practical examples show how to implement the new framework. Credit Risk Assessment promotes a new generation of credit models that ensures that true risk is captured and that a loan is affordable over its life, which has obvious implications for both intervening in the mortgage crisis and preventing future financial disruption. This book is a valuable reference for lending and credit practitioners in both developed and developing countries, where credit products are rapidly evolving.
