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Default Rates (default + rate)

Distribution by Scientific Domains

Medical Sciences	42%

Selected Abstracts

Real Estate Brokerage, Homebuyer Training, and Homeownership Sustainability for Housing Assistance Programs

FAMILY & CONSUMER SCIENCES RESEARCH JOURNAL, Issue 4 2009
Wayne Archer
This study examines a previously overlooked factor in the rate of default on home loans by marginal first-time homebuyers; namely, the purchase transaction process. In particular, the study examines the potential for the type of initial contact in a homebuyer assistance program to affect the likelihood of default on a subsequent home loan. Using data from 41 state funded local assistance programs in Florida, the study is able to examine the relationship of program default rates to the source of applicant for assistance. Specifically, it examines the explanatory capacity of the percentage of applicants who had a contract to purchase prior to applying for assistance, indicated that the applicant already has engaged with a broker or lender. It finds that the percentage of applicants for assistance who already have engaged with a broker or lender is very significantly and positively relate to the program default rate. [source]

Default and Punishment in General Equilibrium,

ECONOMETRICA, Issue 1 2005
Pradeep Dubey
We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling phenomena in a perfectly competitive, general equilibrium framework. Perfect competition eliminates the need for lenders to compute how the size of their loan or the price they quote might affect default rates. It also makes for a simple equilibrium refinement, which we propose in order to rule out irrational pessimism about deliveries of untraded assets. We show that refined equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous assets. The market chooses the promises, default penalties, and quantity constraints of actively traded assets. [source]

Real Estate Brokerage, Homebuyer Training, and Homeownership Sustainability for Housing Assistance Programs

Assessment of mortgage default risk via Bayesian reliability models

APPLIED STOCHASTIC MODELS IN BUSINESS AND INDUSTRY, Issue 3 2010
Refik Soyer
Abstract In this paper, we consider duration-type models and their generalizations for modeling default risk. The models are motivated by noting similarities between reliability/survival analysis and mortgage default risk. We present Bayesian modeling strategies used in reliability analysis for describing time to default data. Our models include proportional hazards-type generalized gamma and mixture models, which are capable of capturing nonmonotonic default rates. We develop Bayesian inference for our models and illustrate their implementation using actual time to default data from the U.S. mortgage market. Copyright © 2010 John Wiley & Sons, Ltd. [source]

Demographic variables routinely collected at colposcopic examination do not predict who will default from conservative management of cervical intraepithelial neoplasia I

AUSTRALIAN AND NEW ZEALAND JOURNAL OF OBSTETRICS AND GYNAECOLOGY, Issue 1 2005
Julie A. QUINLIVAN
Abstract Objective:, As a result of the low incidence of progression from low grade epithelial abnormalities to cervical intraepithelial neoplasia (CIN) 3 or cervical cancer, a conservative approach to management is supported, especially in young women. Loss to follow-up is a recognised problem with a conservative approach however, with women defaulting known to experience higher rates of cancer. Aim:, To determine if any routinely collected demographic variables could predict which Australian women would subsequently default from care having initially elected to have conservative management of CIN 1 lesions. Methods:, Prospectively collected data was audited on 279 women with a colposcopically directed biopsy diagnosis of CIN 1, confirmed on external review, who were enroled by their own choice into a conservative management program and monitored until a definitive lesion outcome was determined. Women who defaulted from follow-up and were lost to care providers despite follow-up appointments and reminder letters were compared to women who completed follow-up with either lesion resolution or progression requiring treatment, to establish if there were any demographic variables to predict default from care. Results:, Fifty-two (18.5%) women subsequently defaulted from follow-up. There were no significant differences in age, parity, proportion of women who were pregnant at diagnosis, smoking status, immunosuppressed or had a ,human papillomavirus (HPV) effect' reported on Pap-smear or colposcopic examination. Conclusion:, We cannot easily identify a subgroup of women who are more likely to default from follow-up of CIN 1 using routinely collected demographic data. Default from follow-up is a major risk with conservative approaches and further research to reduce default rates are required. [source]

Can default rates in colposcopy really be reduced?

BJOG : AN INTERNATIONAL JOURNAL OF OBSTETRICS & GYNAECOLOGY, Issue 3 2008
L Balasubramani
A prospective postal questionnaire study aimed to identify variables that predict a woman's intention to attend and her subsequent attendance/default at colposcopy clinics. One thousand two hundred and fifty-eight women attending colposcopy clinics of a university hospital were sent a postal questionnaire 3 weeks before their second appointment at colposcopy. An intention to attend the colposcopy clinic was the most significant predictor for colposcopy attendance during the next 15 months. Smoking and a longer travel time were associated with default. Our study shows that while interventions tried by service providers can reduce default rates, there will remain a cohort of women who do not fully participate in the screening programme. [source]

A randomised controlled trial of cytological surveillance versus patient choice between surveillance and colposcopy in managing mildly abnormal cervical smears

BJOG : AN INTERNATIONAL JOURNAL OF OBSTETRICS & GYNAECOLOGY, Issue 1 2004
H.C. Kitchener
Objective To determine whether choice of colposcopy or six month cytological surveillance would be beneficial to women with mildly abnormal smears when compared with the national policy of six months surveillance in terms of psychological morbidity. Design A randomised trial based on the Zelen design. Setting A hospital-based research clinic. Population Four hundred and seventy-six women who had had a recurrent borderline or mildly dyskaryotic smear on routine cervical screening in primary care. Methods Women were randomised either to six months cytological surveillance or to make a choice between that or colposcopy and were followed up for 1 year. Main outcome measures The primary outcome measure was caseness (score ,4) on the General Health Questionnaire at 12 months follow up. Other measures were the Spielberger State and Trait scores, default rates and cytology/colposcopy outcomes. Results There was no significant difference between the arms for General Health Questionnaire (GHQ) scores and Spielberger State and Trait at 12 months. There was a significant reduction in psychometric morbidity between baseline and 12 months in both arms. Overall rates of default from the protocol were the same in both arms, but default that led to uncertain ascertainment of cervical pathology was greater in the no-choice arm. Conclusions This trial indicates that having choice did not impact favourably or harmfully on anxiety or feelings of wellbeing. If a patient is anxious, allowing the patient to choose immediate colposcopy may be preferable because it will improve ascertainment of underlying disease in a group who are more likely to default. [source]