The Impact of Housing Values on the Demand for Reverse Mortgages

This journal article examines how the surge in home values between 2000 and 2006 and the drop in prices since then are related to the demand for reverse mortgage loans in the United States. It also investigates the relationship between recent trends in reverse mortgages and borrower characteristisc such as age, gender and state/region of residence of the eligible homeowner(s). The results of the study provide insight into how consumer education, the Federal Goverment, the mortgage industry and financial planners can better educate the population about this type of financing. The results also provide insight into how the older adult population may be viewing this type of financing