Global Reverse Mortgage Providers Market Size, Status and Forecast 2020-2026

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 mortgage—the type used to buy a home—a 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.
Reverse Mortgage are mainly classified into the following types: HECMs, Single-purpose Reverse Mortgages and Proprietary Reverse Mortgages. HECMs is the most widely used type which accounted for about 62% of the Global market in 2019.
Reverse Mortgage are most widely used in Debt, which took up about 36% of the Global market in 2019. Health Care Related is another widely used area, which took up approximately 24%.
North America is the largest region of Reverse Mortgage Providers market with a share of 54%. The Europe market took up about 28 % of the global market, while The Asia-Pacific were over 10 %.

Market Analysis and Insights: Global Reverse Mortgage Providers Market
The global Reverse Mortgage Providers market size is projected to reach US$ 2160.6 million by 2026, from US$ 1546.7 million in 2020, at a CAGR of 5.7% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Reverse Mortgage Providers market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Reverse Mortgage Providers market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Reverse Mortgage Providers market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Reverse Mortgage Providers market.

Global Reverse Mortgage Providers Scope and Market Size
Reverse Mortgage Providers market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Reverse Mortgage Providers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Market segment by Type, the product can be split into

Home Equity Conversion Mortgages (HECMs)
Single-purpose Reverse Mortgages
Proprietary Reverse Mortgages

Market segment by Application, split into

Debt
Health Care Related
Renovations
Income Supplement
Living Expenses

Based on regional and country-level analysis, the Reverse Mortgage Providers market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE

In the competitive analysis section of the report, leading as well as prominent players of the global Reverse Mortgage Providers market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

The key players covered in this study

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

Frequently Asked Questions