Jiang, Wei; Nelson, Ashlyn Aiko; Vytlacil, Edward - In: Economics Letters 120 (2013) 2, pp. 171-173
Using data from a major mortgage bank, we examine the predictive power of mortgage delinquency models as an aggregate measure of the quality of information recorded at loan origination. We measure model predictive power using an out-of-sample prediction criterion and compare predictive power of...
