Senior Housing Wealth Reaches Record $7.23 Trillion – NMP
Reverse

Senior Housing Wealth Reaches Record $7.23 Trillion

Apr 03, 2020
www.nrmlaonline.org

Homeowners 62 and older saw their housing wealth grow by 0.5 percent or $39 billion in the fourth quarter to a record $7.23 trillion from Q3 2019, the National Reverse Mortgage Lenders Association (NRMLA) reported in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
 
The RMMI rose in Q4 2019 to 260.52, another all-time high since the index was first published in 2000. The increase in senior homeowners’ wealth was mainly driven by an estimated 0.6 percent or $55 billion increase in home values, offset by a one percent or $16.6 billion increase of senior-held mortgage debt.
 
“The responsible use of home equity may be an option to help seniors stay financially secure during the current market disruptions,” said NRMLA President Steve Irwin.
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Apr 03, 2020
Get the NMP Daily
Courts
UWM Previews Bid To Dismiss Rocket’s $100M Servicing Lawsuit

UWM argues Refi75 was permissible mass advertising

United Wholesale Mortgage is preparing to ask a New York court to dismiss Rocket Mortgage’s $100 million lawsuit over alleged violations of mortgage servicing rights agreements, arguing that Rocket’s claims conflict with the contracts and rely on unsupported allegations.In a...

Continue reading
Analysis and Data
Homebuyer Assistance Programs Reach Record High As Grants Expand

Down Payment Resource identified 2,746 programs nationwide, although only 77% were active and funded at the beginning of July

The number of U.S. homeownership assistance programs climbed to a record high in the second quarter as more grants and programs covering manufactured homes and multi-unit properties became available.Down Payment Resource identified 2,746 programs nationwide as of July 1, an ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Reverse
Record Senior Equity Widens Reverse Mortgage Opportunity

Homeowners age 62 and older hold $14.92 trillion in housing wealth, but lenders still face the challenge of turning equity into production

Reverse
Jul 23, 2026
Finance of America Expands Reverse Mortgage Portfolio With $5.2B MSR Acquisition

Acquisition of approximately 20,000 HECM loans from Onity strengthens the company's servicing platform while establishing a three-year subservicing partnership

Reverse
Jul 02, 2026
Reverse Mortgage Borrowers Are Showing Up Too Late

GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring

Reverse
Apr 22, 2026
HECM Volume Rebounds In March But Signals Persisting Reverse Mortgage Slowdown

Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs

Reverse
Apr 07, 2026
Finance Of America Launches Second-Lien Reverse Mortgage Amid Rate Lock-In Demand

New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments

Reverse
Apr 02, 2026
Mortgage Cadence Exec George Morales Joins NRMLA Board

George Morales, National Sales Director at Mortgage Cadence, has been elected to the NRMLA Board of Directors, where he will help guide reverse mortgage industry policy, modernization, and consumer-focused innovation

People On The Move
Dec 05, 2025