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Retirement-aged homeowners saw a combined 2.8 percent increase of $170.7 billion in home equity during the fourth quarter of 2016
Retirement-aged homeowners saw a combined 2.8 percent increase of $170.7 billion in home equity during the fourth quarter of 2016, which increased their total housing wealth to $6.2 trillion, according to new data from the National Reverse Mortgage Lenders Association (NRMLA).   During the fourth... Keep Reading....
Data released by the National Reverse Mortgage Lenders Association (NRMLA) shows that senior home equity increased by $30 billion in the fourth quarter of 2011. Seniors have $3.22 trillion in home equity available according to the most recent NRMLA/Risk Span Reverse Mortgage Market Index (RMMI)... more
The U.S. Department of Housing & Urban Development (HUD) has announced that it has indefinitely debarred three South Florida mortgage loan officers and a Pittsburgh title agent following their criminal convictions on charges they defrauded elderly borrowers, mortgage lenders and the Federal... more
As part of its continuing effort to help families find decent housing and to prevent future foreclosures, the U.S. Department of Housing & Urban Development (HUD) has announced more than $42 million in housing counseling grants to 468 national, regional and local organizations. As a result of... more
A new study from the MetLife Mature Market Institute shows the age of those seeking a Home Equity Conversion Mortgages (HECM) has plummeted in the four years since the collapse of the housing market in the U.S. The study also finds that reverse mortgages have evolved into a way for many older Baby... more