Author Description

This study develops statistical methods, packaged as actuarial tables, to project women's expected income stream during the crucial early years of a mortgage. Although actuarial tables generally connote statistical calculations on life expectancy, probability of property loss, or other contingencies in human life, tables on expected income growth and income stability could be used to assess mortgage risk for various loan applicant categories in much the same manner as annuity tables and insurance schedules are used.