Elderly in the Subprime Market
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October 4, 2002
Subprime loans are concentrated in geographical areas with a higher concentration
of elderly residents. Even after accounting for race, income and other factors, the likelihood of getting a subprime loan increases as the age of residents increases.
of elderly residents. Even after accounting for race, income and other factors, the likelihood of getting a subprime loan increases as the age of residents increases.