The leading reverse mortgage lender in Canada will be acquired by a province’s pension plan board for teachers, which is described as a leading institutional investor.
A new reverse mortgage company aims to modernize the product offering for borrowers north of the border, and the founder of the organization tells RMD how he aims to accomplish that.
While the potential remains high, reverse mortgage market penetration in Australia remains even lower in its market than the American reverse mortgage business is domestically.
Reverse mortgages in Australia have grown by five times since the government’s Pension Loans Scheme (PLS) recorded data in the 2018-2019 fiscal year.
A couple of news items from beyond the borders of the United States shows reverse mortgage interest accelerating, with a generally positive column in an Australian newspaper and a record reverse mortgage portfolio valuation in Canada.
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 […]