According to a new report from National Reverse Mortgage Lenders Association, the slight drop in the NRMLA/RiskSpan Reverse Mortgage Market Index was driven by a modest decline in senior home equity from a peak of $12.42 trillion in Q3 2022 to $12.39 trillion in Q4 2022.
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What Is Driving Reverse Mortgages?
As housing wealth, especially among senior citizens, rises, here’s what a report revealed about the factors responsible for the increase in debt through reverse mortgage.
Read More »Housing Wealth Increases Among Senior Homeowners
Homeowners over the age of 60 increased their housing wealth by $177 billion in the first quarter of 2018, a report found. Here’s why mortgage debt for this group remains low despite rising equity.
Read More »Housing Equity Among Retirees
According to a study by the National Reverse Mortgage Lenders Association, housing equity for homeowners aged 62 and older increased by $149 billion between Q3 2017 and Q4 ...
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