. 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 …

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 …

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

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 …

due to the dominance of reverse mortgage products in equity release markets worldwide. In this paper, we compare cash … flows and risk profiles from the provider's perspective for reverse mortgage and home reversion contracts. An at …

This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their … home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is … reduces the risky portfolio share and is more likely to enter a reverse mortgage. On the other hand, if there is a large drop …

their home. However, a recent pilot program of reserve mortgage products in several large Chinese cities saw almost no take … of potential purchasers. We address the reported shortcomings of the pilot reverse mortgage product by testing an … homeowners would be interested in this new reverse mortgage product, and 84% of adult children would recommend such a product to …

The main goal of this article is to describe the attitudes towards the reverse mortgage (RM) as one of the options for … that the representatives of households present a very low level of awareness and knowledge of the reverse mortgage and …