home equity: Study reveals segment with tremendous equity reserves
- 04/19/12 10:26 AM
Senior Home Equity Increases in 4Q Data released by NRMLA shows 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) report.
“Our nation’s demographic and economic trends suggest that the reverse mortgage market will continue to grow. This data further validates that reverse mortgages are a fundamental tool to help fund longevity at a time when many Americans might face limited options,” says Peter Bell, President and CEO of NRMLA.
The NRMLA/RiskSpan Reverse Mortgage Market Index (0 comments)