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Report overview
The global Reverse Mortgage Providers market was valued at US$ 1685 million in 2022 and is projected to reach US$ 2443.8 million by 2029, at a CAGR of 5.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Reverse Mortgage Providers market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Reverse Mortgage Providers market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Reverse Mortgage Providers market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
In a word, a reverse mortgage is a loan. A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. Unlike a forward mortgage?the type used to buy a home?a reverse mortgage doesn't require the homeowner to make any loan payments.
Instead, the entire loan balance becomes due and payable when the borrower dies, moves away permanently or sells the home. Federal regulations require lenders to structure the transaction so the loan amount doesn't exceed the home's value and the borrower or borrower's estate won't be held responsible for paying the difference if the loan balance does become larger than the home's value. One way this could happen is through a drop in the home's market value; another is if the borrower lives a long time?
The Reverse Mortgage Providers industry can be broken down into several segments, Home Equity Conversion Mortgages (HECMs), Single-purpose Reverse Mortgages, etc.
Across the world, the major players cover American Advisors Group (AAG), Finance of America Reverse (FAR), Reverse Mortgage Funding (RMF), etc.
This report aims to provide a comprehensive presentation of the global market for Reverse Mortgage Providers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Reverse Mortgage Providers.
This report contains market size and forecasts of Reverse Mortgage Providers in global, including the following market information:
Reverse Mortgage are mainly classified into the following types: HECMs, Single-purpose Reverse Mortgages and Proprietary Reverse Mortgages. HECMs is the most widely used type which accounted for about 62% of the Global market in 2019.
Reverse Mortgage are most widely used in Debt, which took up about 36% of the Global market in 2019. Health Care Related is another widely used area, which took up approximately 24%.
North America is the largest region of Reverse Mortgage Providers market with a share of 54%. The Europe market took up about 28 % of the global market, while The Asia-Pacific were over 10 %.
We surveyed the Reverse Mortgage Providers companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Reverse Mortgage Providers Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Reverse Mortgage Providers Market Segment Percentages, by Type, 2022 (%)
Global Reverse Mortgage Providers Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Reverse Mortgage Providers Market Segment Percentages, by Application, 2022 (%)
Global Reverse Mortgage Providers Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Reverse Mortgage Providers Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Reverse Mortgage Providers, market overview.
Chapter 2: Global Reverse Mortgage Providers market size in revenue.
Chapter 3: Detailed analysis of Reverse Mortgage Providers company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Reverse Mortgage Providers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
