WASHINGTON, D.C. – September 18, 2014 – (RealEstateRama) — Americans 62 years old and older now have more equity in their homes than at any time since early 2008, according to data released today by the National Reverse Mortgage Lenders Association.
The new information comes from the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI), which analyzes trends in the home values, home equity, and mortgage debt of homeowners 62 and older. The RMMI is updated quarterly and tracks back to the start of 2000.
To read the news release in its entirety, click here. http://services.nrmlaonline.org/NRMLA_Documents/RMMI_Q1_2014.pdf