Retirement home equity tops record $10.6 trillion


The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose to 370.56 in Q4 2021, another all-time high since the index was first published in 2000. The increase in wealth among older homeowners was mainly driven by an estimated 3.7 percent, or $452 billion Increase in home values, offset by 2.3 percent or $47 billion Increase in senior mortgage debt.

NRMLA President Steve Irvinsaid: “In just a few days we will be celebrating Older Americans Month. The theme will be ‘Age My Way’ will be carefully and responsibly considered in the development of a comprehensive retirement plan. Indeed, for many, home ownership is their greatest asset and using that equity in the right circumstances will provide a surefire route to retirement security.

About reverse mortgages
Reverse mortgages are available to homeowners who are 62 years of age or older and have significant equity. They are a versatile financial instrument that seniors can use to borrow against the equity in their home without having to make monthly principal or interest payments like with a traditional “forward” mortgage or home equity loan. With a reverse mortgage, funds are paid to the borrower and interest accrues, but the outstanding balance is not due until the last borrower leaves, sells, or dies.

To date, more than 1.21 million households have taken out an FHA-insured reverse mortgage to meet their financial needs. Visit for more information

About the National Reverse Mortgage Lenders Association
The National Reverse Mortgage Lenders Association (NRMLA) is the national voice of the industry, representing the lenders, loan servicers and housing advisory agencies responsible for more than 90 percent of reverse mortgage transactions in the United States. All NRMLA member companies are committed to a code of ethics and professional responsibility. Learn more at

About RiskSpan, Inc.
RiskSpan provides end-to-end data management, risk management analytics and visualization solutions on a highly secure, fast and fully scalable platform that has earned the trust of the largest companies in the industry. Combining the strengths of subject matter experts, quantitative analysts and technologists, the RiskSpan platform integrates a range of datasets – including structured and unstructured – and off-the-shelf analysis tools to give you meaningful insights and a competitive advantage. Learn more at

Darryl Hicks202-939-1784, [email protected]
National Reverse Mortgage Lenders Association

SOURCE National Reverse Mortgage Lenders Association


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