Tag: mortgage
While the effect is larger than race, it does not necessarily imply lenders are violating fair lending laws. We have just published a brief on a really interesting paper by Natee Amornsiripanitch, a senior financial economist at the Philadelphia Fed, that explores the relationship between age and the probability of being denied a mortgage application. The paper uses Confidential Hom…
Staying healthy is becoming a preoccupation for baby boomers as each new medical problem arises and the existing ones worsen. The stress of having too much debt isn’t helping. The older workers and retirees who carry debt are less healthy than the people who are debt free, and higher levels of debt have worse healt…
