Did credit scores predict the subprime crisis?

One would think that credit scores would be a predictor of who would default on a subprime mortgage. But that doesn't seem to be the case.

Year of publication:	2008
Authors:	Demyanyk, Yuliya
Published in:	The Regional Economist. - Federal Reserve Bank of St. Louis. - 2008, Oct, p. 12-13
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Subprime mortgage \| Credit scoring systems

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005717599