TITLE

DATA QUALITY: The Cost of Dirty Data in the Secondary Market

AUTHOR(S)
Focardi, Craig
PUB. DATE
February 2008
SOURCE
Mortgage Banking;Feb2008, Vol. 68 Issue 5, p88
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the costs and other consequences of dirty or inconsistent data in the secondary mortgage market in the U.S. According to the author, inaccurate data results in a slow and expensive loan processing, a weak underwriting, an incorrect portfolio management, and other costs to lenders and mortgage investors. The contribution of dirty data to the mortgage liquidity crisis is also tackled.
ACCESSION #
29981223

 

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