Reverse mortgages in Australia are becoming more available through the recent actions of two major lenders, and may be making a comeback as a result, according to a Australian Broker Online report.  Macquarie Bank announced last week it is releasing a reverse mortgage to borrowers age 70 and older, and New Zealand lender Heartland Bank […]

Singapore’s government is revisiting the possibility of a reverse mortgage program to help its aging population in retirement, its National Development Minister Khaw Boon Wan said Monday.  According to a Today report, Khaw said before a government committee meeting that elderly Singaporeans had suggested the possibility themselves as a means to age in place as […]

While an increasing aging population has long been a concern among policy makers for the impacts it poses toward the nation’s healthcare and entitlement systems, a new report indicates the Baby Boomer surge may be an over-exaggeration. “The extent, speed, and effect of population aging have all been exaggerated and we should not assume that […]

Financial institutions in India expect reverse mortgages will gain momentum in the country following a recent announcement that the annuity component of the home equity-tapping loan will be tax-free, reports an article from The Times of India. Making the annuity component tax-free will pump life into the country’s reverse mortgage popularity, industry observers believe, especially given […]

As the United States government weighs its aging policies in preparation for a wave of baby boomers that will comprise a senior population count never seen before, other countries are seeing success in different models—largely fueled by an aging in place focus.  The global aging population is expected to explode, and while the U.S. may be […]

A reverse mortgage pilot program has launched in Taiwan in order to address the rising number of older citizens facing financial insecurity, according to local reports this week. The program will be funded in part through a government subsidy resulting from Taiwan’s lottery revenues. The program, currently set to be carried out through 2017, will […]

Reverse mortgages in Korea may be more positioned for a boom market with applications currently “surging” at the highest level in six years, reports Bloomberg News.  In Korea, the JooTaekYeonKeum, or “housing pension” is available to homeowners who are at least 60 years old and have their mortgage paid off in full. An older population […]