During the month of July 2024, the company with the largest share of the reverse mortgage market in the United States was Mutual Of Omaha Mortgage Inc. Its share of 22 percent was around three percent greater than the market share of Finance Of America Reverse LLC. Reverse mortgage volume increases Mutual Of Omaha Mortgage Inc. was the top lender of Home Equity Conversion Mortgages (HECMs) in 2023, with the highest number of loan originations. In 2023, the company, which specializes in home equity retirement solutions, closed a total of over 5,000 HECMs and ended the year as the leading reverse mortgage company in the United States. Despite the overall number of HECMs in the United States dropping dramatically between 2009 and 2019, this trend reversed in the following years, with 2022 recording the highest 10-year figure. Banks withdraw from reverse mortgage market In the past, some of the largest banks in the United States featured in the list of leading reverse mortgage lenders; as of 2024, financial services firm Wells Fargo remained the all-time leading reverse mortgage company in the country. However, banks have exited the reverse mortgage business, and the rankings now feature companies that focus primarily on HECMs. In 2011, Wells Fargo and Bank of America – the two largest providers of HECMs at the time – stopped offering the service because of an unpredictable housing market and the creditworthiness of borrowers.
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The Reverse Mortgage Market is projected to grow at 4.7% CAGR, reaching $2.87 Billion by 2029. Where is the industry heading next? Get the sample report now!
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Global Reverse Mortgage Service market size 2025 was XX Million. Reverse Mortgage Service Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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The size and share of the market is categorized based on Type (Home Equity Conversion Mortgages (HECMs), Single-purpose Reverse Mortgages, Proprietary Reverse Mortgages) and Application (Debt, Health Care Related, Renovations, Income Supplement, Living Expenses) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 8.41(USD Billion) |
MARKET SIZE 2024 | 8.96(USD Billion) |
MARKET SIZE 2032 | 15.0(USD Billion) |
SEGMENTS COVERED | Loan Type, Borrower Age Group, Loan Amount, Provider Type, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Aging population, Low interest rates, Increasing housing equity, Regulatory changes, Financial literacy awareness |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Longbridge Financial, Hometap, Mutual of Omaha, American Advisors Group, CMG Financial, Wells Fargo, HomeBridge Financial Services, Finance of America Reverse, RMF, OneReverse, Reverse Mortgage Funding, Quicken Loans, Equity Release Council, Ocwen Financial Corporation, AAG |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Aging population demand, Increased financial literacy, Technology integration for accessibility, Diversification of product offerings, Regulatory environment enhancements |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.64% (2025 - 2032) |
In 2023, Mutual Of Omaha Mortgage Inc. was the largest reverse mortgage lender with over 5,000 home equity conversion mortgage (HECM) originations. A HEMC, or a reverse mortgage, allows homeowners aged 62 or older to receive a loan based on the home equity they have established – typically up to 80 percent of the property’s value. Unlike a traditional mortgage where monthly repayments are made, a reverse mortgage loan is only repaid when the borrower moves from the property or passes away. By this time, the borrower will owe more than what they originally borrowed because fees and interest charges are added to the balance of the loan each month. As of 2024, Wells Fargo was still the all-time largest lender.
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Type of Mortgage Loan:Conventional Mortgage Loans: Backed by private investors and typically require a down payment of 20% or more.Jumbo Loans: Loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.Government-insured Mortgage Loans: Backed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), or U.S. Department of Agriculture (USDA).Others: Includes non-QM loans, reverse mortgages, and shared equity programs.Mortgage Loan Terms:30-year Mortgage: The most common term, offering low monthly payments but higher overall interest costs.20-year Mortgage: Offers a shorter repayment period and lower long-term interest costs.15-year Mortgage: The shortest term, providing lower interest rates and faster equity accumulation.Others: Includes adjustable-rate mortgages (ARMs) and balloons loans.Interest Rate:Fixed-rate Mortgage Loan: Offers a stable interest rate over the life of the loan.Adjustable-rate Mortgage Loan (ARM): Offers an initial interest rate that may vary after a certain period, potentially leading to higher or lower monthly payments.Provider:Primary Mortgage Lender: Originates and services mortgages directly to borrowers.Secondary Mortgage Lender: Purchases mortgages from originators and packages them into securities for sale to investors. Key drivers for this market are: Digital platforms and AI-driven credit assessments have simplified the application process, improving accessibility and borrower experience. Potential restraints include: Fluctuations in interest rates significantly impact borrowing costs, affecting loan demand and affordability. Notable trends are: The adoption of online portals and mobile apps is transforming the mortgage process with faster approvals and greater transparency.
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United States - Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations was 0.00000 Bil. of US $ in January of 2021, according to the United States Federal Reserve. Historically, United States - Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations reached a record high of 1.26000 in December of 2012 and a record low of 0.00000 in November of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations - last updated from the United States Federal Reserve on March of 2025.
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The size and share of the market is categorized based on Type (Ultra Low Pressure Membrane Housing, Low Pressure Membrane Housing, Seawater Desalination Membrane Housing) and Application (Water Treatment, Seawater Desalination, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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Global Water Filter Housing market size 2025 was XX Million. Water Filter Housing Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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Investigate historical ownership changes and registration details by initiating a reverse Whois lookup for the name Sam White LOAN MARKET GROUP PTY LTD.
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Ireland IE: Foreign Direct Investment Income: Inward: USD: Total: Real Estate Activities data was reported at 583.068 USD mn in 2023. This records an increase from the previous number of 66.315 USD mn for 2020. Ireland IE: Foreign Direct Investment Income: Inward: USD: Total: Real Estate Activities data is updated yearly, averaging 66.332 USD mn from Dec 2012 (Median) to 2023, with 10 observations. The data reached an all-time high of 583.068 USD mn in 2023 and a record low of 0.000 USD mn in 2014. Ireland IE: Foreign Direct Investment Income: Inward: USD: Total: Real Estate Activities data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.FDI: Foreign Direct Investment Income: USD: by Industry: OECD Member: Annual. Reverse investment: Netting of reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) and reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the ultimate controlling parent (extended directional principle). FDI transactions and positions by partner country and/or by industry are available excluding and including resident Special Purpose Entities (SPEs). The dataset 'FDI statistics by parner country and by industry - Summary' contains series including resident SPEs only. Valuation method used for listed inward and outward equity positions: Market value, Own funds at book value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Market value .; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Intercompany debt between related financial intermediaries, including permanent debt, are not excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are not covered as direct investment enterprises. Non-profit institutions serving households are covered as direct investors. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions and positions are allocated according to the activity of the resident direct investor. Statistical unit: Enterprise.
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Uncover historical ownership history and changes over time by performing a reverse Whois lookup for the company HOUSING-INDUSTRY-ASSOCIATION-LIMITED.
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During the month of July 2024, the company with the largest share of the reverse mortgage market in the United States was Mutual Of Omaha Mortgage Inc. Its share of 22 percent was around three percent greater than the market share of Finance Of America Reverse LLC. Reverse mortgage volume increases Mutual Of Omaha Mortgage Inc. was the top lender of Home Equity Conversion Mortgages (HECMs) in 2023, with the highest number of loan originations. In 2023, the company, which specializes in home equity retirement solutions, closed a total of over 5,000 HECMs and ended the year as the leading reverse mortgage company in the United States. Despite the overall number of HECMs in the United States dropping dramatically between 2009 and 2019, this trend reversed in the following years, with 2022 recording the highest 10-year figure. Banks withdraw from reverse mortgage market In the past, some of the largest banks in the United States featured in the list of leading reverse mortgage lenders; as of 2024, financial services firm Wells Fargo remained the all-time leading reverse mortgage company in the country. However, banks have exited the reverse mortgage business, and the rankings now feature companies that focus primarily on HECMs. In 2011, Wells Fargo and Bank of America – the two largest providers of HECMs at the time – stopped offering the service because of an unpredictable housing market and the creditworthiness of borrowers.