The following statement is not true of qualitative models.

A$.$ In the absence of publicly available information on the quality of borrowers, the FI manager has to assemble information from private sources.

B$.$ The FI manager has to consider borrower$-$specific factors such as idiosyncratic to the individual borrower.

C$.$ The FI manager should weigh market$-$specific factors, which have an impact on all borrowers at the time of the credit decision.

D$.$ Qualitative models use subjective judgement from the FI manager.

E$.$ Qualitative models use real$-$time data such as credit scoring models to make decisions.