Market Overview:
The global reverse mortgage providers market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing aging population, rising awareness about reverse mortgages, and growing demand for debt consolidation and income supplement through reverse mortgages. In terms of type, the home equity conversion mortgage (HECM) segment is expected to hold a major share of the global market during the forecast period. This can be attributed to factors such as increasing popularity of HECMs among seniors and government initiatives in developed countries such as the US and Canada that promote use of HECMs for retirement planning purposes. In terms of application, debt consolidation is expected to be one of the key applications driving growth in this market during the forecast period.
Product Definition:
Reverse Mortgage Providers are companies that offer reverse mortgages. A reverse mortgage is a loan that allows homeowners to borrow against the value of their home without having to make monthly payments. The loan is repaid when the homeowner sells the home or dies. Reverse mortgage providers include banks, credit unions, and private companies.
Home Equity Conversion Mortgages (HECMs):
Home equity conversion mortgages are also known as second mortgages or home loans. It is a type of debt consolidation loan that allows the borrowers to obtain cash from the lenders in exchange for their homes. The amount of money received can be used to pay off other debts, such as credit cards and personal loans. Home equity conversion mortgages are more flexible than conventional home loans since they allow borrowers to choose how much time they want to pay back the loan with interest.
Single-purpose Reverse Mortgages:
Single-purpose reverse mortgage and its usage in the Reverse Mortgage Providers market is a new term that entered the real estate industry recently. It is defined as a type of reverse mortgage where the home loan servicer sells all or part of an owner's equity stake in their property to investors, who then occupy and rent it back to them. The servicer retains income from both tenants (if there are two) or only takes one tenant into account when computing payments for principal and interest.
Application Insights:
In 2017, the living expenses segment dominated the market with a revenue share of over 40%. Reverse mortgage loans are beneficial for individuals who have a high living expenses and need money to cover their daily needs. The income supplement application is expected to witness significant growth in the coming years owing to increasing applications for social security benefits among older population across countries such as U.S., Canada, Germany and Japan.
The Debt application segment is also expected to grow significantly over the forecast period owing to rising consumer debt levels globally coupled with an increase in household borrowing from banks and other financial institutions. For instance, according by Federal Reserve Bank of New York's 2016 Report on Household Debt & Credit Trends, total U.S household debt increased by around 5% from 2013 while non-housing debt (credit cards) increased by 3%.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region is attributed to the presence of a large elderly population, high home ownership rate, and favorable regulations for reverse mortgage products. In addition, increasing awareness about these types of loans among consumers is driving demand in this region.
The Asia Pacific regional market is expected to grow at a lucrative pace over the forecast period owing to an increase in consumer disposable income levels and rapid urbanization resulting into increased housing prices which are subsequently used as collateral for obtaining Reverse Mortgage loans by aging borrowers who would like to continue living independently in their own homes but do not have enough money for maintenance costs or other expenses associated with it. Moreover, growing awareness about these types of loans among consumers will drive demand over the forecast period as well.
Growth Factors:
- Aging population: The number of people aged 65 and over is projected to more than double by 2050, reaching nearly 88 million. This will create a larger customer base for reverse mortgage providers.
- Increased home values: The average value of a U.S home has increased significantly in recent years, providing more equity for seniors to borrow against.
- Low interest rates: Interest rates are currently at historic lows, making reverse mortgages an even more attractive option for seniors looking to access their equity.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reverse Mortgage Providers Market Research Report
By Type
Home Equity Conversion Mortgages (HECMs), Single-purpose Reverse Mortgages, Proprietary Reverse Mortgages
By Application
Debt, Health Care Related, Renovations, Income Supplement, Living Expenses
By Companies
American Advisors Group (AAG), Finance of America Reverse (FAR), Reverse Mortgage Funding (RMF), Liberty Home Equity Solutions (Ocwen), One Reverse Mortgage (Quicken Loans), Mutual of Omaha Mortgage, HighTechLending, Fairway Independent Mortgage Corporation, Open Mortgage, Longbridge Financial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Reverse Mortgage Providers Market Report Segments:
The global Reverse Mortgage Providers market is segmented on the basis of:
Types
Home Equity Conversion Mortgages (HECMs), Single-purpose Reverse Mortgages, Proprietary Reverse Mortgages
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Debt, Health Care Related, Renovations, Income Supplement, Living Expenses
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Advisors Group (AAG)
- Finance of America Reverse (FAR)
- Reverse Mortgage Funding (RMF)
- Liberty Home Equity Solutions (Ocwen)
- One Reverse Mortgage (Quicken Loans)
- Mutual of Omaha Mortgage
- HighTechLending
- Fairway Independent Mortgage Corporation
- Open Mortgage
- Longbridge Financial
Highlights of The Reverse Mortgage Providers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Equity Conversion Mortgages (HECMs)
- Single-purpose Reverse Mortgages
- Proprietary Reverse Mortgages
- By Application:
- Debt
- Health Care Related
- Renovations
- Income Supplement
- Living Expenses
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reverse Mortgage Providers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reverse mortgage providers are companies that help people who are over 55 years old to borrow money against their home equity in order to pay off other debts, buy a new home, or cover some of the costs of living.
Some of the key players operating in the reverse mortgage providers market are American Advisors Group (AAG), Finance of America Reverse (FAR), Reverse Mortgage Funding (RMF), Liberty Home Equity Solutions (Ocwen), One Reverse Mortgage (Quicken Loans), Mutual of Omaha Mortgage, HighTechLending, Fairway Independent Mortgage Corporation, Open Mortgage, Longbridge Financial.
The reverse mortgage providers market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reverse Mortgage Providers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reverse Mortgage Providers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reverse Mortgage Providers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reverse Mortgage Providers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reverse Mortgage Providers Market Size & Forecast, 2020-2028
4.5.1 Reverse Mortgage Providers Market Size and Y-o-Y Growth
4.5.2 Reverse Mortgage Providers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Home Equity Conversion Mortgages (HECMs)
5.2.2 Single-purpose Reverse Mortgages
5.2.3 Proprietary Reverse Mortgages
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Debt
6.2.2 Health Care Related
6.2.3 Renovations
6.2.4 Income Supplement
6.2.5 Living Expenses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reverse Mortgage Providers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reverse Mortgage Providers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Home Equity Conversion Mortgages (HECMs)
9.6.2 Single-purpose Reverse Mortgages
9.6.3 Proprietary Reverse Mortgages
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Debt
9.10.2 Health Care Related
9.10.3 Renovations
9.10.4 Income Supplement
9.10.5 Living Expenses
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Home Equity Conversion Mortgages (HECMs)
10.6.2 Single-purpose Reverse Mortgages
10.6.3 Proprietary Reverse Mortgages
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Debt
10.10.2 Health Care Related
10.10.3 Renovations
10.10.4 Income Supplement
10.10.5 Living Expenses
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Home Equity Conversion Mortgages (HECMs)
11.6.2 Single-purpose Reverse Mortgages
11.6.3 Proprietary Reverse Mortgages
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Debt
11.10.2 Health Care Related
11.10.3 Renovations
11.10.4 Income Supplement
11.10.5 Living Expenses
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Home Equity Conversion Mortgages (HECMs)
12.6.2 Single-purpose Reverse Mortgages
12.6.3 Proprietary Reverse Mortgages
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Debt
12.10.2 Health Care Related
12.10.3 Renovations
12.10.4 Income Supplement
12.10.5 Living Expenses
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Home Equity Conversion Mortgages (HECMs)
13.6.2 Single-purpose Reverse Mortgages
13.6.3 Proprietary Reverse Mortgages
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Debt
13.10.2 Health Care Related
13.10.3 Renovations
13.10.4 Income Supplement
13.10.5 Living Expenses
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reverse Mortgage Providers Market: Competitive Dashboard
14.2 Global Reverse Mortgage Providers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Advisors Group (AAG)
14.3.2 Finance of America Reverse (FAR)
14.3.3 Reverse Mortgage Funding (RMF)
14.3.4 Liberty Home Equity Solutions (Ocwen)
14.3.5 One Reverse Mortgage (Quicken Loans)
14.3.6 Mutual of Omaha Mortgage
14.3.7 HighTechLending
14.3.8 Fairway Independent Mortgage Corporation
14.3.9 Open Mortgage
14.3.10 Longbridge Financial
