Visualize the Growth of Reverse Mortgages in the United States

While most were enjoying their Thanksgiving weekend, I was figuring out how to visualize reverse mortgage data for our new Reverse Base project.

Soon, we will roll out a new visualization tool that allows you to see heat-maps of where reverse mortgage volume is in your local area.  To start, I took all the HECM data from 1990 to September 2010 and created this map. Each year, the map updates to show you where the industry was growing and shrinking.

If you press play, you can see how HECM volume has changed over the history over the last 20 years – the darker the state, the more loans are being closed.  It’s interesting to see how until 2001, reverse mortgage volume in Texas was nonexistent due to laws in the Lone Star state.  But once the loans were allowed, the state starts to take off quickly.

Advertisement

Want to see a bigger version of the heat map? See here.

Join the Conversation (15)

see all

This is a professional community. Please use discretion when posting a comment.

  • Admin,

    Your heat map display reinforces the position which a few of us have long argued in the industry that any projections on the value of the HECM cohorts still outstanding needed to be done using MSA (metropolitan statistical areas) information rather than national averages. Fortunately HUD and the actuaries have corrected that deficiency but your map makes the argument far more meaningful than our words ever could.

    Your heat map is worth far more than a thousand words.

    Great job.

  • Hi all,

    Not sure why this surprises anyone. It comes close to tracking the combination of higher home prices and seniors. My only surprise is that Connecticut and Massachusetts were not a bit higher. I am also slightly curious that more of the mid-west, where the big farms owned by seniors, is not a bit higher as well.

    Frank J. Kautz, II
    Staff Attorney

    Community Service Network, Inc.
    52 Broadway
    Stoneham, MA 02180
    (781) 438-1977
    (781) 438-6037 fax
    FrankKautz@csninc.org –work
    Frank@Kautzlaw.com –private

  • Hi all,

    Not sure why this surprises anyone. It comes close to tracking the combination of higher home prices and seniors. My only surprise is that Connecticut and Massachusetts were not a bit higher. I am also slightly curious that more of the mid-west, where the big farms owned by seniors, is not a bit higher as well.

    Frank J. Kautz, II
    Staff Attorney

    Community Service Network, Inc.
    52 Broadway
    Stoneham, MA 02180
    (781) 438-1977
    (781) 438-6037 fax
    FrankKautz@csninc.org –work
    Frank@Kautzlaw.com –private

    • Frank,

      There is little surprise in the data. If there is surprise, it is in how slowly the adoption of such concentration of risk was reflected in actuarially determined projections and in the OMB budget.

    • Frank,

      There is little surprise in the data. If there is surprise, it is in how slowly the adoption of such concentration of risk was reflected in actuarially determined projections and in the OMB budget.

  • Admin,

    While the heat map shows concentration of raw data by state, will you be producing heat maps which show:

    1. the percentage of senior homes with HECMs broken down by state and year, based on the HECMs outstanding at year end, or

    2. the percentage of senior homes with HECMs broken down by state and year, but based strictly on cumulative HECMs funded with no adjustment for those which have terminated?

    Also will you be publishing the spreadsheet you used in creating the heat map?

    • Both are possible, haven’t settled on what exactly I’m planning to show yet, but I’ll probably know by the end of the year.

      As far as the spreadsheet or raw data – At this time I’m not giving the data away for free.

      When the next version of ReverseBase is rolled out there will be a way to download graph data but it will be a paid feature.

  • Admin,

    While the heat map shows concentration of raw data by state, will you be producing heat maps which show:

    1. the percentage of senior homes with HECMs broken down by state and year, based on the HECMs outstanding at year end, or

    2. the percentage of senior homes with HECMs broken down by state and year, but based strictly on cumulative HECMs funded with no adjustment for those which have terminated?

    Also will you be publishing the spreadsheet you used in creating the heat map?

string(107) "https://reversemortgagedaily.com/2010/12/10/visualize-the-growth-of-reverse-mortgages-in-the-united-states/"

Share your opinion