According to the latest RMMI data from NRMLA and RiskSpan, senior-held equity levels experienced a slight decline towards the end of the previous year. This key statistic in the mortgage industry indicates a shift in the financial landscape for older homeowners, highlighting potential trends impacting this demographic. The updated data offers valuable insights into the state of equity among seniors and may influence decision-making processes within the industry.
Key points from the report include:
– Senior-held equity levels decreased slightly in the most recent data
– The RMMI data is provided by NRMLA and RiskSpan, two prominent organizations in the mortgage industry
– The findings suggest a potential change in financial circumstances for older homeowners
– This information could impact strategies and policies within the mortgage industry as they respond to shifting trends and data.
You can read this full article at: https://www.housingwire.com/articles/senior-held-home-equity-falls-to-12-84-trillion-in-q4-2023/(subscription required)
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