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This paper examines the available data on market conditions for equity release schemes (ERS) in all EU member states to cluster Member States for subsequent extrapolation of the findings from six EU Member States (DE, IT, NL, IE, HU, and the UK) to the EU as a whole. It aggregates various...
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elderly homeowners' decision to obtain reverse mortgage loans. The findings of this study suggest that very few homeowners … participated in the reverse mortgage market, and homeowners younger than 67 were less likely to have reverse mortgage loans … reverse mortgage loans. Further analyses reveal that among the reverse mortgage participants, homeowners with long-term care …
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In this paper, we suggest a Bayesian multivariate approach for pricing a reverse mortgage, allowing for house price … three risk components simultaneously. Our numerical results based on Australian data suggest that a reverse mortgage would …
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amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
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