The purpose of this study was to examine the determinants of the type of mortgage that households obtain: a conventional mortgage or a federally guaranteed mortgage, using the 1998 Survey of Consumer Finances. Based on the models of mortgage choice by Hendershott, LaFayette and Haurin (1997) and...

The likelihood of owning homes, investment accounts, and retirement accounts by Black and White families was analyzed using data from the 2004 Survey of Consumer Finances. Education, income, and contact with more financial institutions were almost always influential in the likelihood of owning...