Jusen companies

Jusen companies in Japan were specialized financial firms that provided informal home mortgage loans to people unable to qualify through traditional banks, often using real estate as collateral. Established mainly in the 1970s and 1980s, they offered easier access to housing finance but sometimes engaged in risky lending practices. Many Jusen companies faced financial difficulties during the 1990s economic bubble burst, leading to government bailouts and industry restructuring. Today, Jusen companies are mostly defunct or absorbed into other financial institutions, serving as a reminder of the risks associated with non-traditional lending practices.