American Senior Home Equity Hits Eight-Year High Point – NMP Skip to main content

American Senior Home Equity Hits Eight-Year High Point
Jan 12, 2015

The 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 183.87, its highest level since the third quarter of 2007. The third quarter of 2014 will mark the 10th straight quarter of RMMI growth. Americans 62 years old and older now have more equity in their homes than at any time since 2007, and senior home values increased by more than $97 billion in Q3. Collective home equity of the age group continues to grow, reaching a total of $3.84 trillion.

Nearly $1.08 trillion in mortgage debt is held by Americans 62 and older, a figure that has held relatively steady since 2012. At the peak in Q4 2009, seniors held $1.143 trillion in mortgage debt.

In the third quarter of 2014, the RMMI reached 183.87, a 2.53 percent increase from Q2 2013. The senior housing value estimate is based on the Federal Housing Finance Agency’s (FHFA) Q3 2014 all-transactions Indices.


Jan 12, 2015
More from
Steven J. Sless Group Of PRMI Appoints New Retail Production Manager

The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Jan 12, 2022
Washington Trust Hires New MLO

The Washington Trust Company hired Matthew McCarthy of Bloomfield, CT as a mortgage loan officer.

Dec 16, 2021
AAG Names New Chief Compliance Officer

American Advisors Group named Kristina Larese as the company's new chief compliance officer.

Dec 13, 2021
Reverse Mortgages: Easy Income For Affluent Retirees

Reverse mortgages can provide an essential risk management tool for millions of retirees.

Dec 01, 2021
Finance Of America Reverse Updates Its Brand Assets

Finance of America Reverse announced the launch of its updated brand assets with what the company says, “reflects its modern identity and impactful relationships with customers.”

Nov 12, 2021
HECM Endorsements Are Moving On Up

Reverse Mortgage Insights' latest report showed a 16.3% (5,029 loans) jump in HECM endorsements in Oct. 2021.

Nov 03, 2021