Using the 1995 and 1998 Survey of Consumer Finances, we provide a profile of households with home secured loans through finance and loan companies and explore the extent to which these loans reflect risk based characteristics. We find that risk related characteristics are major determinants of using a finance and loan company, but that race, marital status, age, education, region, and having a high cost loan also are significant. Key words: Mortgage loans, Survey of Consumer Finances

Download Journal

Comments are closed.