Risk Scoring - Law Dictionary Search Results
risk scoring
Matched in: Term risk scoring
credit score
on time. Scores range from about 360 - 840: a lower score meaning a person is a higher risk, while a higher score means that there is less risk. Source: U.S. Department of Housing and Urban Development … credit score a score calculated by using a person's credit report to determine the likelihood of a loan being repaid
sub-prime loan
to used to describe loans with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates and fees. Source: U.S. Department of Housing and Urban Development … sub-prime loan "B" Loan or "B" paper with FICO scores from 620 - 659. "C" Loan or "C" Paper with FICO scores typically from 580 to 619. An
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