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Reverse Mortgages Providers in the US - Industry Market Research Report

  • ID: 2392176
  • Report
  • March 2020
  • Region: United States
  • 29 pages
  • IBISWorld
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Total turnaround: Rising homeownership rates are expected to increase demand for industry services

FEATURED COMPANIES

  • American Advisors Group
  • MORE

Reverse Mortgages Providers

The Reverse Mortgages Providers industry has expanded over the five years to 2018. This industry is heavily regulated and has undergone significant structural changes over the past five years. The exit of Wells Fargo, Bank of America, MetLife and other large financial institutions from the industry has created a vaccuum for nonbank institutions, such as American Advisors Group, to grow rapidly in this industry. An aging population, compounded with the Federal Housing Administration's insurance on home equity conversion mortgages (HECMs) has made this financial product attractive for the growing elderly population. The Reverse Mortgages Providers industry is anticipated grow over the five years to 2023, albeit at a decelerated pace. The number of adults aged 65 and older is expected to rise over the next five years. In addition, the homeownership rate is expected to increase, raising demand for the industry. Nonetheless, higher rates of personal savings during the outlook period will reduce the need for seniors to draw from equity in their homes.

This industry includes private industry companies that originate, broker and service reverse mortgage loans. Reverse mortgages are loans available to seniors that are used to release funds from their home’s equity in one lump sum or multiple payments.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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FEATURED COMPANIES

  • American Advisors Group
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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  • American Advisors Group
Note: Product cover images may vary from those shown
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