The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose to an all-time high in Q2 2015 of 195.29, surpassing the prior record of 192.03 set in Q4 2006. The second quarter of 2015 was the thirteenth consecutive quarter in which the index has risen, and the current estimate of $4.08 trillion for the aggregate value of senior home equity represents a 38% recovery from the post-Recession trough in Q2 2011, when senior equity levels had fallen to an estimated $3.0 trillion. On a quarter-over-quarter basis, the index rose 3.0% in the second quarter, as senior home equity increased by $117.1 billion. The increase in senior home equity relative to the first quarter was driven by an estimated $122.8 billion increase in the aggregate value of senior housing, which was offset by a $5.7 billion increase in senior-held mortgage debt.
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