Posted by Michael Morrongiello on April 07, 2000 at 11:46:01:
Deliqnuecy rates, foreclosure %'s, etc. this is the type of information that is usually tracked by most lenders internally so I doubt you will see it displayed publicaly.
Having been in the non conforming loan origination business, servicing a portfolio of loans in 17 states, and also purchasing & servicing notes, I can tell you that the credit scores are valuable as they really do statiscally predict higher risk of collection and default. You might poke around the Fair Issac & Company site for some info on their modeling. Call them in San Rafael, CA to find out their web site info, etc.
My own experience is that 3% -4% or less of the loans you will create with Sub prime borrowers will be slowed paid and 1%-2% of those will go bad at some future point in time. Of course a lot of these statistics depend on how adept you are in evaluating a potential borrowers pluses and minuses.
Hope this info helps