Reverse Mortgage Services Market

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?

Reverse Mortgage Services Market contains market size and forecasts of Reverse Mortgage Services in Global, including the following market information:

Global Reverse Mortgage Services Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Reverse Mortgage Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % 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 Mortgage(HECM) Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Reverse Mortgage Services 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.

We surveyed the Reverse Mortgage Services 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 Services Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Reverse Mortgage Services Market Segment Percentages, by Type, 2021 (%)

Home Equity Conversion Mortgage(HECM)

Proprietary Reverse Mortgage

Single-Purpose Reverse Mortgage

Global Reverse Mortgage Services Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Reverse Mortgage Services Market Segment Percentages, by Application, 2021 (%)

Debt

Health Care Related

Renovations

Income Supplement

Living Expenses

Others

Global Reverse Mortgage Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Reverse Mortgage Services Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

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

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Reverse Mortgage Services revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Reverse Mortgage Services 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

HighTechLending

Fairway Independent Mortgage Corporation

Open Mortgage

Longbridge Financial