A majority of Australians are supportive of the use of reverse mortgages in retirement if provided as a government program, according to a national study conducted by a senior advocacy non-profit. However, the population is not supportive of the mandatory use of home equity to pay for long term care. The results of a survey [...]

A fledgling reverse mortgage market in Germany sees room to grow through two products now being offered by a large bank and a large life insurance company. While the German government does not yet support a reverse mortgage product, the private financing has proven successful in the first 1,000 or so reverse mortgages originated since [...]

The Canadian national provider of reverse mortgages HOMEQ announced on March 30 its board is recommending it accepts an offer from private equity company Birch Hill to acquire HOMEQ Corporation for $9.50 per common share. Birch Hill Equity Partners will indirectly acquire all of the outstanding shares in a deal totaling $138 million, according to [...]

Canada’s national reverse mortgage provider HomEq Corporation discussed annual and quarterly earnings this week, after posting net income of $.24 per share in 2011, up from a $.05 loss in 2010. Reverse mortgage growth of 16% was cited as a strong contributing factor in the company’s record breaking 2011 results. “Our reverse mortgage offering is [...]

Poland is moving ahead with its reverse mortgage program, scheduled to launch this spring, months after initial research was done to test its viability. A reverse mortgage law is currently being prepared by the Economy Ministry according to the Warsaw Business Journal. The report, which compares current lifetime annuity options to the new reverse mortgage [...]

The ROC (Republic of China) government has approved a trial reverse mortgage program for Taiwan that will help provide older citizens with greater financial security, according to a Taiwan Today report following an announcement by Taiwan’s Ministry of the Interior on Tuesday. “The experimental program will be open to people 65 years of age or [...]