The Administration on Community Living published its annual statistical report on America’s aging population, titled A Profile of Older Americans: 2016. The profile covers 15 topical areas including population, income and poverty, living arrangements, education, health and caregiving. Highlights: Over the past 10 years, the population 65 and over increased from 36.6 million in 2005 to 47.8 … more Latest Data Profile of Older Americans: 2016
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
For this issue of NRMLA’s Weekly Report, we offer a quick glance at 2016 by the numbers. Enjoy these two infographics to see some of our achievements from the last twelve months. Happy New Year!
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Although the U.S. homeownership rate fell slightly in the first quarter of 2016, the housing market overall showed signs of improvement, led by modest gains in single-family construction starts, single-family home sales and the highest levels of home equity held by American households since the fourth quarter of 2006, according to the National Housing Market … more HUD: Housing Market Strengthens
U.S. homeowners aged 62 and older are holding more than $6 trillion in equity, an increase of $164.9 billion in home equity from the last quarter of 2015. The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) reached an all-time high of 209.12 in Q1 2016, up from 203.37 in Q4 2015. The gains were largely driven … more Senior Home Equity Exceeds $6 Trillion in First Quarter
By Stephanie Moulton, Caezilia Loibl and Donald Haurin (The Ohio State University) At the November NRMLA Annual Meeting in San Francisco, Dr. Stephanie Moulton unveiled a sneak peak at the long awaited results of the Aging in Place reverse mortgage survey. The survey is one component of a multi-phase research project being conducted by researchers … more Aging in Place: Analyzing the Use of Reverse Mortgages to Preserve Independent Living
FOR IMMEDIATE RELEASE December 23, 2015 WASHINGTON, DC – The National Reverse Mortgage Lenders Association reports today that an estimated $147 billion increase in the aggregate value of homes owned by seniors drove their share of home equity to $5.76 trillion and rocketed the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to an all-time high in … more America’s Seniors Holding $5.76 Trillion in Home Equity, Senior Home Values Outperform Others Says NRMLA
FOR IMMEDIATE RELEASE June 18, 2015 WASHINGTON – 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 189.67, its highest level since Q1 2007. The RMMI is updated quarterly and tracks back to the start … more Senior Home Equity Nears $4 Trillion As Home Values Rise