Archive: Natee Amornsiripanitch
As the U.S. population ages and life expectancies increase, more older people will be applying for loans. As a result, it is important to understand how aging affects an individual’s ability to access credit and the rate they pay for that credit. This brief, which is based on a recent paper, is the second of…
The brief’s key findings are: As the population ages, an important question is whether aging affects a person’s ability to access credit. This study explores the question using data on mortgage refinance applications from the confidential Home Mortgage Disclosure Act. The analysis, which controls for a host of applicant, property, and loan characteristics, finds that rejection rates…
