As 2017 is drawing to a close, homeowners aged 62 and above may be able to draw more from their home equity. They were $121 billion in home equity richer during the third quarter of 2017 per Reverse Mortgage Market Index (RMMI) by the National Reverse Mortgage Lenders Association and Read more
FHA Submits 2017 Annual Report, Updates on MMI Fund and More
“Our duty is clear - we must make certain FHA remains financially viable so future generations can build wealth and climb the economic ladder of success,” Dr. Ben Carson, secretary of the HUD, said in a public statement accompanying the FHA’s annual report to Congress for 2017.The Federal Read more
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Indexwhich measures held equity by older homeowners on a quarterly basis reported an all-time high increase of 227.07 in the first quarter of 2017. Since the index’s establishment in 2000, the current Q1 report marks a new record in its charts. The Read more
