Latest research report on “Reverse Mortgage Providers Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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In a word, a reverse mortgage is a loan. A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. Unlike a forward mortgagethe type used to buy a homea reverse mortgage doesn’t require the homeowner to make any loan payments.
Instead, the entire loan balance becomes due and payable when the borrower dies, moves away permanently or sells the home. Federal regulations require lenders to structure the transaction so the loan amount doesn’t exceed the home’s value and the borrower or borrower’s estate won’t be held responsible for paying the difference if the loan balance does become larger than the home’s value. One way this could happen is through a drop in the home’s market value; another is if the borrower lives a long time?
The Reverse Mortgage Providers industry can be broken down into several segments, Home Equity Conversion Mortgages (HECMs), Single-purpose Reverse Mortgages, etc.
Across the world, the major players cover American Advisors Group (AAG), Finance of America Reverse (FAR), Reverse Mortgage Funding (RMF), etc.
This report contains market size and forecasts of Reverse Mortgage Providers in Global, including the following market information:
Global Reverse Mortgage Providers Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Reverse Mortgage Providers market was valued at 1685 million in 2021 and is projected to reach US$ 2443.8 million by 2028, at a CAGR of 5.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Home Equity Conversion Mortgages (HECMs) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Reverse Mortgage Providers include American Advisors Group (AAG), Finance of America Reverse (FAR), Reverse Mortgage Funding (RMF), Liberty Home Equity Solutions (Ocwen), One Reverse Mortgage (Quicken Loans), Mutual of Omaha Mortgage, HighTechLending, Fairway Independent Mortgage Corporation and Open Mortgage and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Reverse Mortgage Providers companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Reverse Mortgage Providers Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Reverse Mortgage Providers Market Segment Percentages, by Type, 2021 (%)
– Home Equity Conversion Mortgages (HECMs)
– Single-purpose Reverse Mortgages
– Proprietary Reverse Mortgages
Global Reverse Mortgage Providers Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Reverse Mortgage Providers Market Segment Percentages, by Application, 2021 (%)
– Health Care Related
– Income Supplement
– Living Expenses
Global Reverse Mortgage Providers Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Reverse Mortgage Providers Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Reverse Mortgage Providers revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Reverse Mortgage Providers revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– American Advisors Group (AAG)
– Finance of America Reverse (FAR)
– Reverse Mortgage Funding (RMF)
– Liberty Home Equity Solutions (Ocwen)
– One Reverse Mortgage (Quicken Loans)
– Mutual of Omaha Mortgage
– Fairway Independent Mortgage Corporation
– Open Mortgage
– Longbridge Financial
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