Communications for Statistical Applications and Methods

The Korean Statistical Society (한국통계학회)
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Application of Statistical Models for Default Probability of Loans in Mortgage Companies

  • Jung, Jin-Whan (Analytical Consultant, SAS Institute, Cary, NC 27513)
  • Published : 2000.08.01
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Abstract

Three primary interests frequently raised by mortgage companies are introduced and the corresponding statistical approaches for the default probability in mortgage companies are examined. Statistical models considered in this paper are time series, logistic regression, decision tree, neural network, and discrete time models. Usage of the models is illustrated using an artificially modified data set and the corresponding models are evaluated in appropriate manners.

Keywords

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