New Management Science Findings from Federal Reserve Bank of Philadelphia Discussed (The Age Gap In Mortgage Access): Business – Management Science

2026 JUL 24 (NewsRx) -- By a News Reporter-Staff News Editor at CDC & FDA Daily -- Research findings on Business - Management Science are discussed in a new report. According to news reporting originating in Philadelphia, Pennsylvania, by NewsRx editors, the research stated, “This paper uses a large data set of single family home mortgage applications to study the relationship between borrower age and application outcomes. Conditional on a rich set of observable characteristics, age is positively correlated with rejection probability and coupon rate.”

The news reporters obtained a quote from the research from the Federal Reserve Bank of Philadelphia, “The results hold for young borrowers, implying that age, not just old age, is an important determinant of mortgage application outcomes. Empirical tests that exploit COVID-19 suggest that the rejection probability results are partly driven by age-related mortality risk.”

According to the news reporters, the research concluded: “Survey data suggests that the pricing results are partly driven by insufficient shopping.”

This research has been peer-reviewed.

For more information on this research see: The Age Gap In Mortgage Access. Management Science, 2026. Management Science can be contacted at: Informs, 5521 Research Park Dr, Suite 200, Catonsville, MD 21228, USA.

Our news correspondents report that additional information may be obtained by contacting Natee Amornsiripanitch, Federal Reserve Bank of Philadelphia, Philadelphia, PA 19106, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1287/mnsc.2024.08264. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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