An Analysis of the Repayment Patterns of Some Black Mortgagors

Abstract

While several previous studies have analyzed the intrarace differences in repayment patterns among white mortgagors, few have analyzed whether such differences occur among blacks. Much of the previous literature provides only aggregated information about black mortgagors. This research is offered as a step in filling this gap in the literature. The results indicate that there are systematic differences in repayment patterns among black mortgagors related primarily to occupation and household composition.