Seniors hold a record share of housing wealth. The mortgage system still struggles to underwrite it.
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Seniors hold a record share of housing wealth, with their home equity reportedly surging to a high level. However, the mortgage system is struggling to underwrite this wealth, potentially leading to financial shortfalls for retirees counting on it. Some companies are expanding or updating their programs, such as reverse mortgages and co-ownership options, in response to this issue.
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