Re-Evaluating the Major Factors in the Low Origination Rate of the Reverse Mortgage Market

Liu, Wei-Han

2023-05-01

10.1142/S0219091523500145

REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES   影响因子和分区

0219-0915

1793-6705

We reinvestigate the major factors in the low origination rate of home equity conversion mortgages (HECMs) in the United States from 2010 to 2017. We use panel data analysis to consider the variation in time and region and investigate the main determinants of the HECM origination rate. We examine five categories of variables: demographics, home equity, home debt level, retirement income, and taxes. We first filter out key variables and then consider the interactions among these factors. The empirical outcomes confirm the significance of including interactions and provide detailed observations to resolve several disputed issues and make policy recommendations, such as debt priority of mortgage and credit card, applying HECM as a personal or household decision, and the dominance of property tax over inheritance tax.

Home Equity Conversion Mortgages origination rate panel data analysis

ESCI

英语

第一 ; 通讯

Business & Economics

Business, Finance

WOS:000992073000001

WORLD SCIENTIFIC PUBL CO PTE LTD

Web of Science

Southern Univ Sci & Technol, Dept Finance, 1088 Xueyuan Ave, Shenzhen 518055, Peoples R China

Liu, Wei-Han. Re-Evaluating the Major Factors in the Low Origination Rate of the Reverse Mortgage Market[J]. REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES,2023,26(02).

Liu, Wei-Han.(2023).Re-Evaluating the Major Factors in the Low Origination Rate of the Reverse Mortgage Market.REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES,26(02).

Liu, Wei-Han."Re-Evaluating the Major Factors in the Low Origination Rate of the Reverse Mortgage Market".REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES 26.02(2023).