Using Reverse Mortgages to Manage the Financial Risk of Long-Term Care

References

• Alzheimer’s Association . 2006 . Statistics about Alzheimer’s Disease , Retrieved from the Alzheimer’s Association website June 8 2006.
   Google Scholar
• Bassuk , Shari , Glass , T. A. and Berkman , L. F. 1999 . Social Disengagement and Incident Cognitive Decline in Community-Dwelling Elderly Persons . Annals of Internal Medicine , 131 ( 3 ) : 165 – 173 .
   PubMed Web of Science ®Google Scholar
• Bayer , A. H. and Harper , L. 2000 . Fixing to Stay: A National Survey of Housing and Home Modification Issues , Washington D.C : AARP .
   Google Scholar
• Bronfenbrenner Life Course Center . 1996 . Reverse Mortgages—A Solution to Poverty in Old Age? , 1 ( 2 ) Issue Brief
   Google Scholar
• Callis , R. R. and Cavanaugh , L. B. 2004 . Census Bureau Reports on Residential Vacancies and Homeownership , Washington, D.C : U.S. Department of Commerce . CB04-179
   Google Scholar
• Chen , Y. P. 1967 . “ Potential Income from Homeownership: An Actuarial Mortgage Plan ” . In A Compendium of Papers, Part II: The Aged Population and Retirement Income Programs , 303 – 11 . Washington, D.C : U.S. Government Printing Office . Subcommittee on Fiscal Policy, Joint Economic Committee, 90th Congress, First Session.
   Google Scholar
• Congressional Budget Office . 2004 . Financing Long-Term Care for the Elderly , Washington, D.C. : Congressional Budget Office .
   Google Scholar
• Coronel , S. A. 2004 . Long-Term Care Insurance in 2002 , America’s Health Insurance Plans : Washington, D.C. .
   Google Scholar
• Donald , I. P. and Bullpitt , Christopher J. 1999 . The Prognosis of Falls in Elderly People Living at Home . Age and Aging , 28 : 121 – 25 .
   PubMed Web of Science ®Google Scholar
• Guttentag , J. 1975 . Creating New Financial Instruments for the Aged , New York : New York University, Graduate School of Business Administration, Center for the Study of Financial Institutions .
   Google Scholar
• Heiss , F. , Hurd , F. and Börsch-Supan , A. 2003 . Healthy, Wealthy and Knowing Where to Live Paper for the Conference on the Economics of Aging, Carefree, AZ.
   Google Scholar
• Hausdorff , J. M. , Rios , D. A. and Edelber , H. K. 2001 . Gait Variability and Fall Risk in Community-Living Older Adults: A 1-Year Prospective Study . Archives of Physical Medicine and Rehabilitation , 82 ( 8 ) : 1050 – 56 .
   PubMed Web of Science ®Google Scholar
• Jaffe , J. 2004 . America’s Future Retirement Security: Implications of the EBRI-ERF Retirement Security Projection Model , EBRI Issue Brief no. 266.
   Google Scholar
• Joint Center For Housing Studies . 2005 . State of the Nation’s Housing 2005 , Cambridge, MA : Harvard University .
   Google Scholar
• Kutty , N. 1998 . The Scope for Poverty Alleviation among Elderly Homeowners in the United States through Reverse Mortgages , Bronfenbrenner Life Course Center Working Paper no. 95–03.
   Google Scholar
• Lifeplans . 1995 . Who Buys Long-Term Care Insurance? , Washington, DC : Health Insurance Association of America .
   Google Scholar
• Mature Market Institute . 2005 . The MetLife Market Survey of Nursing Home & Home Care Costs , Westport, CT : MetLife Mature Market Institute .
   Google Scholar
• McConaghy , R. W. 2003 . Mortality, Moveout and Refinancing as Factors in HECM Reverse Mortgage Payoffs , Boston : University of Massachusetts . PhD Dissertation
   Google Scholar
• Merck Institute of Aging and Health . 2004 . The State of Aging and Health in America 2004 , Washington, D.C. : Merck Institute of Aging and Health .
   Google Scholar
• Megbolugbe , I. , Sa-Aadu , J. and shilling , J. 1997 . Oh, Yes, the Elderly Will Reduce Housing Equity under the Right Circumstances . Journal of Housing Research , 8 : 53 – 74 .
   Google Scholar
• Morgan , B. A. , Megbolugbe , I. and Rasmussen , D. W. 1996 . Reverse Mortgages and the Economic Status of Elderly Women . Gerontologist , 36 : 400 – 05 .
   PubMed Web of Science ®Google Scholar
• Mulvey , J. M. and Stucki , B. R. 1998 . Who Will Pay for the Baby Boomers’ Long-Term Care Needs? , Washington, D.C. : American Council of Life Insurers .
   Google Scholar
• National Alliance for Caregiving and Aarp . 2004 . Caregiving in the US , Bethesda, MD : AARP and the National Alliance for Caregiving .
   Google Scholar
• National Governors Association . 2005 . Medicaid in 2005 ,
   Google Scholar
• Nrmla . 2006 . Year-by-Year HECM Production (1990?Present) , From retrieved May 15, 2006. www.nrmlaonline.org
   Google Scholar
• Rasmussen , D. W. , Megbolugbe , I. and Simmons , P. A. 1996 . The Reverse Mortgage as an Instrument for Lifetime Financial Planning: An Analysis of Market Potential , Washington, D.C. : Fannie Mae Research Foundation .
   Google Scholar
• Rasmussen , D. W. , Megbolugbe , I. and Morgan , B. A. 1997 . The Reverse Mortgage as an Asset Management Tool . Housing Policy Debate , 8 ( 1 ) : 173 – 94 .
   Web of Science ®Google Scholar
• Redfoot , D. L. and Pandya , S. M. 2002 . Before the Boom: Trends in Supportive Services for Older Americans with Disabilities , Washington, D.C. : AARP .
   Google Scholar
• Rodda , D. T. , Herbert , C. and Lam , H. K. 2000 . Evaluation Report of FHA’s Home Equity Conversion Mortgage Insurance Demonstration , Cambridge, MA : Apt Associates Inc .
   Google Scholar
• Rodda , D. T. , Youn , A. , Ly , H. , Rodger , C. N. and Thompson , C. 2003 . Refinancing Premium, National Loan Limit, and Long-Term Care Premium Waiver for FHA’s HECM Program , Cambridge, MA : Apt Associates Inc .
   Google Scholar
• Scholen , K. and Chen , Y. P. 1980 . Unlocking Home Equity for the Aged , Cambridge, MA : Ballinger Publishing .
   Google Scholar
• Social Security Administration . 2006 . Income of the Population 55 or Older, 2004 , Washington, D.C. : Social Security Administration .
   Google Scholar
• Sterling , D. A. , O’Connor , J. A. and Bonadies , J. 2001 . Geriatric Falls: Injury Severity is High and Disproportionate to Mechanism . Journal of Trauma-Injury Infection and Critical Care , 50 ( 1 ) : 116 – 19 .
   PubMed Web of Science ®Google Scholar
• Stone , R. I. 2000 . Long-Term Care for the Elderly with Disabilities: Current Policy, Emerging Trends, and Implications for the 21st Century , New York : Milbank Memorial Fund .
   Google Scholar
• Stucki , B. R. 2000 . Can Aging Baby Boomers Avoid the Nursing Home? , Washington, D.C. : American Council of Life Insurers .
   Google Scholar
• Stucki , B. R. 2003 . Passing the Trust to Long-Term Care Insurance , Washington, D.C. : American Council of Life Insurers .
   Google Scholar
• Stucki , B. R. 2005 . Use Your Home to Stay at Home. Expanding the Use of Revere Mortgages for Long-Term Care: A Blueprint for Action , Washington, D.C. : National Council on Aging .
   Google Scholar
• Thau , C. M. 2005 . Seventh Annual Long-Term Care Insurance Survey . Broker World , : 38
   Google Scholar
• Venti , Steven F. and Wise , David A. 2001 . Aging and Housing Equity: Another Look , Prepared for the conference on the Economics of Aging, May 17–20, 2001
   Google Scholar
• Walker , L. 2004 . Elderly Households and Housing Wealth: Do They Use It or Lose It? University of Michigan Retirement Research Center Working Paper 2004–070.
   Google Scholar
• Weicher , J. 2004 . FHA’s Home Equity Conversion Program Chicago, IL Presentation at the 2004 Annual Meeting of the National Reverse Mortgage Lenders Association
   Google Scholar
• Weller , C. E. 2003 . The Link between the Stock Market and Retirement Income 95 – 104 . Proceedings of the Industrial Relations Research Association 2003
   Google Scholar
• Wu , K. B. 2002 . Income and Poverty of Older Americans in 1999: A Chartbook , Washington, D.C. : AARP .
   Google Scholar