choice of mortgage product. Ours is the first study to model the choice of reverse mortgages alongside other modes of equity … recovery period (2010-2015), we observe this relationship only for reverse mortgage borrowing, consistent with tightened … underwriting for forward mortgage loans …

percent of reverse mortgage borrowers in the federally insured Home Equity Conversion Mortgage (HECM) program were in default … on their property taxes or homeowners insurance. Unlike the traditional mortgage market, there were no risk … financial and credit report attributes, not typically available in analyses of reverse mortgage borrowers. Using a bivariate …

study state-level variations in rate of originations of HUD's Home Equity Conversion Mortgage (HECM) product. Our focus is … lock-in their housing equity gains by obtaining a reverse mortgage. We test alternative hypotheses, the first being that … originations of HECMs were a result of changes in the supply of mortgage originators. Our empirical work supports the hypothesis …

study state-level variations in rate of originations of HUD's Home Equity Conversion Mortgage (HECM) product. Our focus is … lock-in their housing equity gains by obtaining a reverse mortgage. We test alternative hypotheses, the first being that … originations of HECMs were a result of changes in the supply of mortgage originators. Our empirical work supports the hypothesis …

shocks in retirement. The federally insured reverse mortgage offers adults age 62 and older access to home equity with no … older holding a reverse mortgage. In this paper, we review barriers to borrowing from home equity, including an estimate of … the size of the population who may be unable to borrow due to an inability to afford monthly mortgage payments. We …