A Profile Of Consumers With High-Rate Home Loans

From Planipedia

Jump to: navigation, search

Authors

  • Jeanne M. Hogarth
  • Marianne A. Hilgert

Published 2003, "A Profile Of Consumers With High-Rate Home Loans", Journal of Financial Planning and Counselling, 2003- Volume 13

Abstract

  • Using the 1995 and 1998 Survey of Consumer Finances, we provide a profile of households with high- rate home-secured loans and explore the extent to which these loans reflect risk-based pricing. We find that risk-related characteristics are determinants of having high-rate loans, but that race, marital status, age, education, region, shopping behaviors, and type of financial institution also are significant. Key words: Subprime lending, Mortgages, Home loans, Survey of Consumer Finances
Retrieved from "http://www.planipedia.org/index.php/A_Profile_Of_Consumers_With_High-Rate_Home_Loans"
Personal tools