incurring monthly loan repayments. This study examines the relationship of reverse mortgage borrowing with older adults …. Our estimation strategy compares reverse mortgage borrowers to older adults who obtained mandatory counseling but not a … reverse mortgage.Results: Reverse mortgage borrowers have significantly higher financial and housing satisfaction compared to …

, this hedging mechanism will in turn increase the default risk itself by ballooning the unpaid mortgage balance over time …

mortgage products do not meet the three conditions commonly met in the US — non-recourse, tenure annuity payments and no … be used as collateral for a reverse mortgage in Japan, while the home itself cannot. If reverse mortgages were to …

most popular reverse mortgage product, the Home Equity Conversion Mortgage (HECM). Next, we study the relationship between …. More knowledgeable homeowners and those with peers who have a reverse mortgage express greater intention to use such a …

an option to convert the loan balance to a reverse mortgage at age 65 if the value of the home exceeds its residual value …

Home Equity Conversion Mortgage (HECM) data seem to confirm two concerns about these federally insured loans offered to …

. Demand for reverse mortgage is far behind predictions. Based on a survey of U.S. homeowners aged 58 we assess product … knowledge (literacy) and its relation to reverse mortgage demand. Awareness of the product is very high while knowledge is … fairly low. Lack of product knowledge relates to low interest in the product. Knowing peers who have a reverse mortgage …

The mortgage market collapse which followed the burst of the housing bubble in 2007 led to unprecedented levels of … mortgage default, mortgage foreclosure, and housing vacancies. The dramatic increase in mortgage terminations prompted … issues as the underlying causes of the mortgage market collapse and the impact of declining house prices on mortgage default …

Home Equity Conversion Mortgage (HECM) loans experience high rates of property tax default (IFE, 2016; CFPB, 2012 …