The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose in Q1 2016 to 209.12, it's the 20th consecutive quarterly gain and another all-time high since the index began being published in 2000. On a quarter-over-quarter basis, the index rose 2.8% in the first quarter, as the estimated senior home equity increased by $164.9 billion to slightly over $6.0 trillion for the first time in RMMI history. The increase in senior home equity was driven by an estimated $169.7 billion increase in the aggregate value of senior housing, offset by $4.9 billion increase in senior-held mortgage debt. On a year-over-year basis, the index increased by 8.8% relative to Q1 2015.
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