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Program offers 10- or 20-year terms with fixed rates.
U.S. homeowners age 62 and older hold more than $10.6 trillion in housing wealth.
Approximately 62%, or 62,000, homeowners with mortgages saw their equity increase in the first quarter by 32.2% year over year.
Publishes separate 3-year equitable housing plans for Fannie Mae & Freddie Mac focusing on inclusion.
Online process promises to go from application to funding of loan in seven days.
More Than One-Third Of Homes Nationwide Are 'Equity Rich'
