Reverse mortgage markets in some international territories are poised to hit it big over the next decade, according to recent data and research presented by Australia’s Heartland Group and Canada’s HomeEquity Bank. According to Heartland Group, the market for reverse mortgages in Australia and around the world could grow by as much as three times […]
Multinational professional services network Ernst & Young (EY) and the European Pensions and Property Asset Release Group (EPPARG) have published a new report featuring survey insights from several nations across the world which participated in an event called the 2020 Global Equity Release Roundtable, which took place in late 2020 emanating from London, England. The […]
The ability of a higher net worth client to strategically employ a reverse mortgage loan is a concept gaining steam in the United States, but can also benefit higher net worth clients in countries beyond our borders. This is according to Andrew Cairns, national wealth management lead at HomeEquity Bank based in Toronto, Ontario. Speaking […]
Government-sponsored reverse mortgages in the nation of Australia have been increasing significantly ever since the economic impacts of the COVID-19 coronavirus pandemic began straining the finances of that nation’s retirees, with adoption of the so-called “Pension Loans Scheme” (PLS) outpacing the government’s expectations for the program that were introduced in the 2018-19 national budget. This […]
Since a reverse mortgage is a complicated financial product, the way that direct-to-consumer advertising for the industry is structured can often make or break the perspectives that people can have about the product category. There are a fair amount of limitations concerning how reverse mortgages can be responsibly positioned to prospective customers since only senior […]
Seniors in Canada have been leveraging home equity at a rapid pace in that country, as Canadian reverse mortgage debt held by the nation’s seniors has topped $4.3 billion (roughly $3.3 billion USD) even as demand appears to have slowed slightly. This is according to filings from Canada’s Office of the Superintendent of Financial Institutions […]
A lender in Australia who offers reverse mortgages to local area seniors has completed a reverse mortgage-backed securitization, saying that it is the first of its kind in the market. This is according to original reporting at news outlets Banking Day and NZ Herald, which provides finance industry and general news, respectively, to Australia and […]
HomeEquity Bank, the largest reverse mortgage lender in Canada, has launched a new product variation designed to offer Canadian seniors a short-term reverse mortgage product that they can use to cover specific tasks. “CHIP Open” is an alternative to the standard “CHIP Reverse Mortgage,” and is designed for Canadians aged 55 and older who are […]
Frank W. Abagnale, Jr. — a former fraudster and con man who famously assisted the Federal Bureau of Investigation (FBI) on fraud crimes before starting his own consultancy firm — has found a role as the subject of a new reverse mortgage advertising campaign and educational video series designed to help seniors spot when they’re […]
As the full scope and impact of the COVID-19 coronavirus pandemic continues to come into clearer view with the passing of each new day, the need for relief among those most affected by the health and economic shocks that have stemmed from it has caused many businesses to step up and offer their resources to […]
