The Underwriting, Choice And Performance Of Government-Insured Mortgages In Russia
In the article author consider approach to client’s base generation on decision tree method. Author stresses readers’ attention on phenomena of inadequate choice influencing on best alternative selection.
In the monography the issue of terms harmonisation is presented. Also this work deals with the problem of extrackting terms out of parallel texts and pseudo parallel texts. This book regards criteria we can use to identify terms.
The article is based on the introductory part of the collection on “Material Culture and Technology in Everyday Life: Ethnographic Approaches” (2009). The author presents a brief review of concepts that have been lately employed in research on material or technological culture. He attempts to show that different disciplines do in fact use adjacent notions and concepts in thinking about materiality, and tries to delineate ways of bringing the different research traditions to a unified platform that could serve as a theoretical foundation for the complex materialistic study of technological culture.
The issues of choice in traditional psychology exists with the topics of planning and decision making. on influencing of existential psychology the issue of choice becomes connected with personal responsibility and taking on uncertainty, which are closely connected to the personal potential of the subject.
The mortgage crisis that started in the U.S. in 2007 and lasted until 2009 was characterized by an unusually large number of defaults on the subprime mortgage market. As a result, it developed into a global economic recession and placed the stability of the world banking system in jeopardy. Therefore, the issues of credit risk modeling showed the shortcomings of the current credit risk practice. Truncation, or partial observability, and simultaneous equations bias causes sample selection bias. As a result, parameter estimates are biased and inconsistent. Firstly, we provide an overview of current approaches in the mortgage literature to control for the sample selection bias correction, such as the Heckman model and bivariate probit model with selection. Secondly, a review of the most significant mortgage studies discussing this problem is introduced. Specifically, different structural models, specific datasets and empirical results are regarded. In addition, we discuss such key credit risk determinants as borrower characteristics, terms of the mortgage contract, mortgage characteristics, and macroeconomic conditions. Finally, we conclude the discussion with possible research questions.