Home equity for seniors hits nine-year high | 2015-09-23 | HousingWire

America’s seniors continue to amass equity in their homes, and it could be a way for older Boomers and other seniors to deal with losses they took during the recession, one lender trade group says. The National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index, surveyed quarterly, reached an all-time high of 195.29 in the second quarter of 2015, surpassing the prior record of 192.03 set in the fourth 2006. On a quarter-over-quarter basis, the index rose 3% in the second quarter, as senior home . . .

Source: Home equity for seniors hits nine-year high | 2015-09-23 | HousingWire

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