Reverse

Q3 Senior Home Equity Hits $6.1 Trillion Mark

The National Reverse Mortgage Lenders Association (NRMLA) has reported that homeowners aged 62 and older saw an overall 2.6 percent increase of $152 billion in senior home equity in the third quarter of the year, bringing the total to $6.1 trillion.

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The National Reverse Mortgage Lenders Association (NRMLA) is announcing its support for the Federal Housing Administration’s (FHA) new financial assessment rule for home equity conversion mortgages (HECMs). As part of industry-supported changes to the program, the U.S.

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The National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI), a quarterly measure which analyzes trends in the home values, home equity, and mortgage debt of homeowners 62 and older, has reached 178.91, its highest level since Q4 2007. The RMMI is updated quarterly and tracks back to the start of 2000.

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