Core Logic

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The Consumer Financial Protection Bureau's Semi-annual Report to Congress

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language: en
Publisher:
Release Date: 2013
Non-Prime Mortgages

This is a print on demand edition of a hard to find publication. The surge in mortgage foreclosures that began in late 2006 and continues today was initially driven by deterioration in the performance of non-prime loans. Non-prime mortgage originations increased dramatically from 2000 through 2006, rising from 12% of all mortgage originations to 34%. The non-prime market contracted sharply in mid-2007, in response to increasing defaults and foreclosures for these loans. This report: (1) provides info. on the performance of non-prime loans through 12/31/09; (2) examines how loan and borrower characteristics and economic conditions influenced the likelihood of default of non-prime loans; and (3) describes the features of data on non-prime loan performance and borrower characteristics. Illus.
Core Logic

Author: Neil Tennant
language: en
Publisher: Oxford University Press
Release Date: 2017-09-01
Neil Tennant presents an original logical system with unusual philosophical, proof-theoretic, metalogical, computational, and revision-theoretic virtues. Core Logic, which lies deep inside Classical Logic, best formalizes rigorous mathematical reasoning. It captures constructive relevant reasoning. And the classical extension of Core Logic handles non-constructive reasoning. These core systems fix all the mistakes that make standard systems harbor counterintuitive irrelevancies. Conclusions reached by means of core proof are relevant to the premises used. These are the first systems that ensure both relevance and adequacy for the formalization of all mathematical and scientific reasoning. They are also the first systems to ensure that one can make deductive progress with potential logical strengthening by chaining proofs together: one will prove, if not the conclusion sought, then (even better!) the inconsistency of one's accumulated premises. So Core Logic provides transitivity of deduction with potential epistemic gain. Because of its clarity about the true internal structure of proofs, Core Logic affords advantages also for the automation of deduction and our appreciation of the paradoxes.