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April 20, 2014

Senior Home Equity Hits a High Note

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Senior Home Equity Hits a High Note

Senior home equity levels continued to trend upward in the third quarter of 2012, based on statistics from the National Reverse Lenders Association and the RiskSpan Reverse Mortgage Market Index (RMMI).

Volume increased 2.4 percent to an index reading of 150, up from 146.45 in the second quarter and 146.27 in the first three months of the year.

The rise is attributed to higher senior housing values and a multibillion dollar slide in mortgage debt held by older Americans.

Source: "Senior Home Equity Reaches Highest Level Since 2009," Reverse Mortgage Daily (12/26/12)

(c) Copyright 2012 Information, Inc.

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