Global and United States Reverse Mortgage Providers Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Reverse Mortgage Providers Market
This report focuses on global and United States Reverse Mortgage Providers market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Reverse Mortgage Providers market size is estimated to be worth US$ 1738.9 million in 2022 and is forecast to a readjusted size of US$ 2425 million by 2028 with a CAGR of 5.7% during the review period. Fully considering the economic change by this health crisis, by Type, Home Equity Conversion Mortgages (HECMs) accounting for % of the Reverse Mortgage Providers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Debt was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
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 %.
Global Reverse Mortgage Providers Scope and Market Size
Reverse Mortgage Providers market is segmented by region (country), players, 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 region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Reverse Mortgage Providers market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Home Equity Conversion Mortgages (HECMs)
Single-purpose Reverse Mortgages
Proprietary Reverse Mortgages
Segment by Application
Debt
Health Care Related
Renovations
Income Supplement
Living Expenses
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
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