Reverse Mortgage Loans: A Quantitative Analysis

Reverse mortgage loans (RMLs) allow older homeowners to borrow against housing wealth without moving. Despite rapid growth in this market, only 1.9% of eligible homeowners had RMLs in 2013. In this paper, we analyze reverse mortgages in a calibrated life-cycle model of retirement. The average welfar...

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Veröffentlicht in:	The Journal of finance (New York) 2017-04, Vol.72 (2), p.911-949
Hauptverfasser:	NAKAJIMA, MAKOTO, TELYUKOVA, IRINA A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Homeowners Loans Quantitative analysis Reverse mortgages
Online-Zugang:	Volltext
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