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Lenders base applicants eligibility for home loans on the perspective borrowers credit score. Recent ...

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Lenders base applicants eligibility for home loans on the perspective borrowers credit score. Recent ...

Lenders base applicants’ eligibility for home loans on the perspective borrower’s credit score. Recent failures of lending corporations have prompted a study of the adherence of lenders to lending guidelines. Two thousand home loans extended between the years 1995 and 2005 are randomly selected for audit. The borrower’s credit score is recorded and compared with the normal benchmark for the loan. The population in this study is:

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the 2000 randomly selected home loans.

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all home loans extended between 1995 and 2005.

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the credit score of each borrower selected.

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all lending agencies that offer home loans.

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Introductory Statistics: A Problem-Solving Approach

Edition: 3^rd

Author: Kokoska

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