Items Tagged with 'RMMI'

ARTICLES

  • Senior Home Equity Holds Above $3 Trillion

    The amount of equity held in the homes of seniors held above $3 trillion in the first quarter of 2011 according to latest NRMLA/RISK SPAN Reverse Mortgage Market Index (RMMI). The RMMI fell by 3% to $3.2 trillion in the first quarter fueled by weakening in the housing market.  However, losses were mitigated by mortgage debt levels falling for the seventh consecutive quarter to the lowest levels since quarter 2 of 2007. “This index shows that seniors continue to have significant equity in their homes, despite modest declines in home prices,” said Peter Bell, President of the National Reverse
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  • Reverse Mortgage Market Index Exceeds Expectations

    According to the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI), the value of home equity held  by seniors aged 62 and over is estimated at $3.3 trillion as of the end of 2010.    Although falling home values have had a negative impact on the total value, this has been counteracted by the growth of this segment of the population.  The senior homeowners also tend to have lower mortgage debt levels comparative to other segments. The level of senior home equity has declined by 18 percent from peak levels, but has performed better when compared to the total population of
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