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Viewpoint: The Dangers of Subjective Credit Scores

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The moment we insert subjective changes into the mathematical world of analytics, scores would no longer be reliable predictors of credit risk, becoming less relevant to lenders.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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