Author Topic: Someones in the NY Times today...  (Read 7126 times)

AnilG

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Re: Someones in the NY Times today...
« Reply #15 on: August 16, 2013, 12:59:05 PM »
Compare income verification with annual income and with grade and you most probably will know the reason. ;-) The income verification is not random. LC picks certain income groups and grade more often than others.


Thats consistent with my research; unverified income loans have a lower default rate and higher rates of return.  Seemed rather inintuitive to me, but its plausible that people are falsifying the verification, or that LC tends to try and verify suspicious looking borrowers, in which case the correlation makes sense.

The other one I came up with from a lot of related research that was a bit unintuitive was that borrowers that are self employed or non traditionally employed (N/A in the employer name field) are more likely to have cash flow problems and pay late, but less likely to default altogether.
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Anil Gupta
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Lovinglifestyle

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Re: Someones in the NY Times today...
« Reply #16 on: August 16, 2013, 10:03:22 PM »



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The other one I came up with from a lot of related research that was a bit unintuitive was that borrowers that are self employed or non traditionally employed (N/A in the employer name field) are more likely to have cash flow problems and pay late, but less likely to default altogether.
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That is news to me and I am glad to hear it.  Thank you very much!