Today Forbes published an article on the role of lenders’ over-reliance on FICO scores in the current mortgage crisis. Reporter Michael Maiello concurs with several conclusions from “Subprime Strikeout“ regarding over-emphasis on FICO scores at the cost of other important risk attributes, and quotes me briefly on the role of documentation in the performance of subprime RMBS transactions. You can read the whole article in the print edition, or you can read it online here.
JJK