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 of 2000.
Washington, DC - July 13, 2011 - (RealEstateRama) -- National Reverse Mortgage Lenders Association applauds the announcement today by HUD Secretary Shaun Donovan that Carol Galante has been designated by President Barack Obama as the Acting FHA Commissioner and Assistant Secretary of Housing.
Washington, DC - July 8, 2011 - (RealEstateRama) -- An estimate of senior home equity owned by Americans aged 62 and over stood at $3.2 trillion as of the end of the first quarter in 2011, according to results from the recently released NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI). The index has tracked reverse mortgage market opportunity since 2000 by analyzing and reporting on trends in senior home values and home equity levels.
Washington, D.C. - January 7, 2011 - (RealEstateRama) -- The National Council on Aging (NCOA) is conducting a pilot project in collaboration with U.S. Department of Housing and Urban Development (HUD) and the National Reverse Mortgage Lenders Association (NRMLA) to help reverse mortgage borrowers who are struggling to pay property taxes and homeowners insurance