Econintersect: Would you believe that –
- Young people were actually significantly less likely than older borrowers to be more than 90 days delinquent?
- Unemployment was less likely to lead to mortgage delinquency and foreclosure in those states where unemployment insurance was more generous?
The above questions were answered at the Federal Reserve bank of Philadelphia’s conference on consumer credit where 7 studies were presented. The report follows.
[click on image below to read the report]
Source: http://philadelphiafed.org/research-and-data/publications/business-review/2014/q1/brQ114_new_perspectives.pdf
