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Stochastic Modeling Of Retail Mortgage Loans Based On Past Due, Prepaid, And Default States, Chang Liu

Doctoral Dissertations

Stochastic models were developed that provide important measures related to retail mortgages and credit cards for the management of a bank. Based on Markov theory, two models were developed that predict mortgage portfolio size and expected duration of stay in each of the states, which are defined according to the criteria of Basel Accord II and the Federal Reserve Bank. Also, to facilitate comparisons among different types of credit products and different time periods, a model was developed to generate a health index for a retail mortgage. This model could be easily extended, using multivariate regression or multivariate time series …

An Evaluation Of The Status Offense Diversion Program In The Juvenile Court Of Washtenaw County, Hon. Donald E. Shelton

Hon. Donald E. Shelton

The Washtenaw Juvenile Court Status Offense Diversion Program was implemented in 2002 to provide effective non-court interventions for status offenders to resolve presenting problems and prevent delinquent behavior. It is

based on the assumption that “status offenses are generally a product of family problems, not delinquency.” Specifically it addresses complaints of truancy, educational neglect and incorrigibility.

This evaluation considered data collected over the first three years of the program. Staff assessments of outcomes indicate that large percentages of the youth were considered to have been successful (40.1%) or moderately

successful (23.3%) in the program. Comparison of those assessments with subsequent …