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Discussion PaperReverse Mortgage Retrospective: How Recent Policy Changes Affected GovernmentInsured Reverse Mortgage Originations and Performance Lauren LambieHansonFederal Reserve Bank of Philadelphia
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Using reverse mortgages to convert home equity into cash without having to sell the home.
Individuals who are looking to access the equity in their home.
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The purpose of using reverse mortgages is to provide homeowners with a way to access the equity in their home without having to sell it.
Information such as the value of the home, the amount of equity being accessed, and the terms of the reverse mortgage.
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