Freddie Mac's Home Value Explorer is Currently Available on Basis100's Decisioning Platform - 2004-02-23
Basis100 a business solutions provider for the mortgage lending marketplace, today declared it has started to offer Freddie Mac's Home Value Explorer, a powerful, industry leading, cost-effective, automated valuation model used by professionals throughout the mortgage and financial industries.

Basis100 customers will have access to HVE through BasisValues(SM), Basis 100's web-based ordering and decisioning platform.
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Checking for Adverse Selection and Moral Hazard in Consumer Loan Markets - 2004-02-23
This paper looks at the significance of unobservable default risk in mortgage and automobile loan markets. I develop and estimate a two-period model that permits for heterogeneous forms of simultaneous adverse selection and moral hazard.

Controlling for income levels, loan size and risk aversion, I find robust evidence of adverse selection, with borrowers self-selecting into contracts with varying interest rates and collateral requirements.
Read the full story at Federal Reserve