The study covers a detailed analysis segmented by key business segments i.e. by type (Single Purpose Reverse Mortgage, Proprietary Reverse Mortgages and Home Equity Conversion Mortgages) , by application (Healthcare, Personal Use, Renovations, Income Extensions and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Reverse Mortgage Services market throughout the predicted period.
What is Reverse Mortgage Services?
A homeowner who is sixty-two or older and has sizeable home equity is able to borrow against the worth of their home and receive funds as payment, mounted monthly payment, or line of credit. In contrast to a forward mortgage—the kind accustomed to purchasing a home—a reverse mortgage does not need the homeowner to form any loan payments. Instead, the complete loan balance becomes due and due once the receiver dies, moves away for good, or sells the house.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Reverse Mortgage Services market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- American Advisors Group (united States)
- Finance of America Holdings LLC (United States)
- Reverse Mortgage Funding LLC (United States)
- One Reverse Mortgage (United States)
- Liberty Reverse Mortgage (United States)
- Mutual of Omaha Mortgage (United States)
- Hightechlending Inc. (United States)
- Retirement Funding Solutions (United States)
- Fairway Independent Mortgages (United States)
- Longbridge Financial, LLC. (United States)
Market Overview:
In January 2021, Reverse Mortgage Investment Trust, the parent company of leading RM lending player Reverse Mortgage Funding, LLC has announced its successful acquisition by an affiliate of Starwood Capital group, a real estate private investment firm.
Sept. 2012, the Government issued a law stating Rm issuing companies should not exceed the value of the house being hold responsible called as No Negative Equity Guarantee. and TILA (Truth in Lending Act) requires Disclosure of All Cost of Credits and Contains Provision for RM
The key players, focusing upon providing the old age clients premium benefits via RM, fragment the Global market for Reverse mortgages. Major benefits in Reverse Mortgage involves health benefits, lower interest rates, and coverage of real estate inflation. Key Players should merge or acquire real estate firms in order to focus more on developing in their niche i.e. RM in order to capture the market.
Market Trend
The Financial Backup with the Help of Holding can Ensure One safety in Old age and Growing Demands make RM issuing Companies Lend out More benefits in order to Acquire More business as the real estate sector is ever-growing
Restraints
- The Borrowers are ensured against Possible Decrease / Degradation of the House Value and Attract Moral Hazard Problems
Opportunities
Addition of More Key Benefits in order to Attract More Engagement in Reverse Mortgage and Introduction of Wider Varieties of Plans which will Complement Retirement Plan
Key highlights of the Global Reverse Mortgage Services market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Reverse Mortgage Services market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Reverse Mortgage Services market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Reverse Mortgage Services Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reverse Mortgage Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reverse Mortgage Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Reverse Mortgage Lenders, Finance Consultancy Firms, Reverse Mortgage Regulating Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.