Month: November 2021

Postman saves Dauphin County couple from potential credit fraud

LOWER PAXTON TOWNSHIP, Pa. (WHTM) – A couple in Dauphin County claim their mailman put an end to a potential scam by alerting them to a change in their postal service. “Thank goodness our postman was on top of that,”…

CTOS IDGuard foils credit fraud to the tune of RM79 million in one year

CTOS IDGuard, an application fraud bureau, said it has prevented confirmed fraudulent credit applications up to RM28 million in the first 12 months of operation. In addition, CTOS IDGuard had also reported an additional RM 51 million of suspicious apps…

‘More power for them’: OSFI attacks investors as house prices soar

The head of Canada’s financial system watchdog is sounding the alarm on the use of home equity lines of credit (HELOCs), which he says could “simultaneously fuel and help Canadians afford real estate valuations on the rise ”. “The use…

Residential mortgage credit risk has increased only “modestly”, says OSFI

The head of the agency overseeing Canada’s federally regulated lenders said Tuesday that residential mortgage credit risk had increased “only modestly.” Peter Routledge, head of the Office of the Superintendent of Financial Institutions (OSFI), made the comment during a virtual…

Freddie Mac Prices $ 317 Million in Multi-Family Structured Credit Risk Notes

MCLEAN, Virginia, November 22, 2021 (GLOBE NEWSWIRE) – Freddie mac (OTCQB: FMCC) recently priced a new offering of Multi-Family Structured Credit Risk Notes (MSCR), Series 2021-MN3. The MSCR program (pronounced M-SCORE) is designed to reduce Freddie Mac’s exposure to mortgage…

Japanese mega-banks face higher credit risk after government subsidies end

The bad debts of Japan’s three mega-banks could rise further as many borrowers, still grappling with the consequences of the pandemic, will be forced to start paying interest on their loans after a program of government subsidies ends. Japanese banks…

What DWP Checks When Investigating Universal Credit Fraud Amid £ 8 Billion Overpayments

Around 3,000 new workers will be hired to deal with years of payment errors even before the pandemic begins – in addition to mistakes made since the introduction of Covid support About £ 8.3bn was overpaid to claimants last year,…

Future of Global Credit Risk Systems Market 2021 is expected to witness massive growth with high CAGR

The World Report Credit Risk Systems Market has been provided by researchers for a detailed understanding of the market performance over an estimated period of 2021 to 2026. However, this report has introduced a brief overview to provide the reader…

Credit risk transfer transaction: November 2021

MTHUNDERSTORM IASSURANCE-THEINKNOTTAKES AWAY RINSURANCE TRANACTION RINSURANCE PROVIDE BYes: RADNOR RE 2021 – 2 LTD. This presentation may include “forward-looking statements” which are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements…

Why are tree models preferred in credit risk modeling?

Credit risk modeling is an area where machine learning can be used to offer analytical solutions, as it has the ability to find answers from the large amount of heterogeneous data. In credit risk modeling, it is also necessary to…