Reverse Mortgage Resources

Consumer Info

  • AARP. Reverse Mortgage Loans: Borrowing Against Your Home, 38-pages, 2008. Can be downloaded or ordered at www.aarp.org/revmort/

Market Analysis

  • George, Linda K. “Economic Status and Well-Being: A Review of the Literature and an Agenda for Future Research,” in Aging, Money, and Life Satisfaction, Springer, 1992.
  • Kutty, Nandinee. “The Scope for Poverty Alleviation among Elderly Homeowners in the United States through Reverse Mortgages,” Cornell University, 1995.
  • Mayer, Christopher, and Katerina Simons. “Reverse Mortgages and the Liquidity of Housing Wealth,” Journal of the American Real Estate and Urban Economics Association, Summer, 1994.
  • Merrill, Sally, Meryl Finkel, and Nandinee Kutty. “Potential Beneficiaries from Reverse Mortgage Products for the Elderly,” AREUEA Journal, 1995, 22(2):257-99.
  • Rasmussen, David. “The Demand for Reverse Mortgages: A Survey of Elderly Homeowners,” Florida State University, 1995.
  • Rasmussen, David, Isaac Megbolugbe, and Barbara Morgan.”Reverse Mortgages: Private Incentives, Market Constraints, and Public Policy,”Fannie Mae, 1995.
  • __________________________________________. “Using the 1990 Public Use Microdata Sample to Estimate Potential Demand for Reverse Mortgage Products, ” Journal of Housing Research, Vol.. 6, Issue 1, 1995.
  • U. S. Department of Housing and Urban Development. Evaluation of the Home Equity Conversion Mortgage Insurance Demonstration, Washington, DC, 1995
  • U. S. Department of Housing and Urban Development. No Place Like Home: A Report to Congress on FHA’s Home Equity Conversion Mortgage Program, Washington, DC, 2000

Program Design & Analysis

  • Guttentag, Jack. “Creating New Financial Instruments for the Aged,” New York University, Graduate School of Business Administration, Center for the Study of Financial Institutions, 1975.
  • Phillips, William and Stephen Gwin. “Reverse Mortgages,” Transactions (Vol. XLIV), Society of Actuaries, Schaumburg, IL, 1993
  • Scholen, Ken. “Consumer Response to Reverse Mortgage: A Blueprint for Product Development,” National Center for Home Equity Conversion, 1993.
  • ___________. “Final Report of the Home Equity Conversion Project,” State of Wisconsin, Bureau on Aging, 1982.
  • ___________. Marketing Reverse Mortgages: Keys to Market Growth, NCHEC, 1996.
  • ___________ and Yung-Ping Chen (eds.). Unlocking Home Equity for the Elderly, Ballinger Publishing, Cambridge, MA, 1981.
  • Szymanoski, Jr., Edward J. The FHA Home Equity Conversion Mortgage Insurance Demonstration: A Model to Calculate Borrower Payments and Insurance Risk, U. S. Department of Housing and Urban Development, Washington, DC, 1990
  • ______________________. “Risk and and the Home Equity Conversion Mortgage,” AREUEA Journal, 1994, 22(2):347-99.
  • ______________________, Theresa R. Venti, and Ming H. Chow. “Understanding Reverse Mortgage Cash Flows: A Hazard Model of HECM Loan Terminations,” Paper presented at AEA/ASSA Conference. Boston, MA, January 7-9, 2000
  • U. S. Department of Housing and Urban Development. Evaluation of the Home Equity Conversion Mortgage Insurance Demonstration, Washington, DC, 1995
  • U. S. Department of Housing and Urban Development. No Place Like Home: A Report to Congress on FHA’s Home Equity Conversion Mortgage Program, Washington, DC, 2000

Public Policy

  • Jacobs, Bruce, and William Weissert. “Using Home Equity to Finance Long-Term Care,” Journal of Health Politics, Policy and Law, Spring, 1987.
  • Redfoot, Donald L. “Long-Term Care Reform and the Role of Housing Finance,” Housing Policy Debate, Vol. 4, 1993.
  • _____________. “The Role of Housing Finance in Long Term Care Reform,” Lusk Review, 1996.
  • Scholen, Ken. “An Analysis of the HUD Report on Reverse Mortgage Insurance,” AARP Federal Affairs, 1986.___________. “Using Home Equity To Pay For Long Term Care,” State of Connecticut Governor’s Commission on Long Term Care Financing, 1987.
  • ___________, Maurice Weinrobe, Bruce Jacobs, Jay Greenberg, and William Weissert. “The Role of Home Equity in Financing Long Term Care,” Minnesota State Housing Finance Agency, 1986.
  • U. S. Department of Housing and Urban Development. “Home Equity Conversion Mechanisms,” December, 1985, Washington, DC.