SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Box-By-The-Riviera™ who wrote (172059)6/12/2002 9:00:31 AM
From: maceng2  Read Replies (3) of 436258
 
The mortgage industry says it was able to change its guidelines because it has sophisticated computers that allow it to better analyze a borrower's creditworthiness. "We have a much better understanding of risk today

Someone would need some real deep unawarness to think there is any truth in that statement. It's like insuring drivers of cars with bigger and faster engines for less, because they can "accelerate out of trouble". A theory perhaps, but the statistics are completely the opposite.

"Sophisticated computers" just mean that modern oil tankers don't have qualified crews on board, do not keep a proper watch, dont know which way up to hold a chart, and they crash into the rocks and each other with monotonous regularity all over the world. There was a case in the English channel where they kept piling into each other for weeks as the wrecks could not be cleared out the way fast enough...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News