Reverse mortgages may be picking up some increased interest soon in India, as talks between the National Housing Bank (NHB) and government-owned Corporation Bank are ongoing, India’s Financial Chronicle reported Monday. NHB has already partnered with Life Insurance Corporation of India in order to develop a reverse mortgage product, the report states. Reverse mortgage products [...]

The number of reverse mortgage applications is rising faster than expected in South Korea reports MK Business News. During August, the number of applicants increased to 268 people, up 26% according to Korea Housing Finanance Corp.

HOMEQ Corporation, the largest provider of reverse mortgages in Canada, saw originations in the second quarter grow 18% from last year, coming in at $69.7 million. Adjusted net income per share increased by 42% over the same period in 2010, the portfolio grew by 16% to $1.1 billion. The company continues to see more demand [...]

Bank of East Asia will serve as a pilot bank in a reverse mortgage program launching in Hong Kong, the company announced today. The program, introduced by the Hong Kong Mortgage Corporation, has begun to accept reverse mortgage applications, following a signing ceremony held by the HKMC. “We are pleased to announce BEA’s participation in [...]

HomEquity Bank, a subsidiary of HOMEQ Corporation, Canada’s largest reverse mortgage lender, has grown minimally larger after taking over the remaining portfolio of reverse mortgages funded by Canadian operation Seniors Money International (SMI). HomEquity says it will maintain administration of the portfolio, which rests at just under $4 million, and will continue to service SMI’s existing clients [...]

When I read that Canada’s HomEquity Bank released a reverse mortgage product available to people 55 and older, I was impressed. Someone was offering a product that wasn’t available here in the United States. Up in Canada, the market for reverse mortgages is continuing to grow, up 16% from last year and brings HOMEQ Corporation’s [...]