Why Is Mortgage Delinquency High among Older Homeowners?

Mortgage delinquency rates have been shown to increase among much older homeowners, despite their tendency to hold higher credit scores than younger homeowners, according to recent research by FICO.
Mortgage and other closed-end loan delinquency rates, FICO’s researchers found, bottom out among homeowners in their 60s and 70s, then rise again through their 80s and 90s.
“For most loan types, delinquencies peak when consumers are in their 20s and starting to take loans,” says Sco