Global Seniors Want to Stay at Home, Signaling Big Reverse Mortgage Potential

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 […]

Australian Lender Completes Reverse Mortgage Securitization

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 […]

Reverse Mortgages in Australia: Demand Rises as Major Players Exit

Increasing popularity for reverse mortgages in Australia has the potential to allow more retirees to adequately fund their post-working lives, but some potential borrowers are being blocked from pursuing reverse mortgage solutions in the country as banks are exiting the space. A 6.5 percent increase in New Zealand-based Heartland Bank’s recorded profits was bolstered by […]