Home equity conversion mortgages (HECM) are a federally insured reverse mortgages which allow homeowners in the United States to withdraw some of the equity in the home that they own. In the financial year ending in September 2024, approximately ****** HECMs were granted. Wells Fargo was the leading reverse mortgage provider of all times as of 2024.

The Federal Housing Administration's HECM program is the only government-insured reverse mortgage program. The HECM program guarantees that the lender will meet its payment obligations to the homeowner, limits the borrower's loan origination costs, and insures full repayment of the loan balance to the lender up to the maximum claim amount. The loan amount is based on borrower age, home value, and current interest rates. The HECM data files provide loan-level records that will enable interested parties to explore issues regarding downpayment assistance provided to homebuyers utilizing HECM insured mortgage financing.

Gross Premium Written: ytd: Reverse Mortgage data was reported at 217.946 HKD mn in Dec 2024. This records an increase from the previous number of 158.549 HKD mn for Sep 2024. Gross Premium Written: ytd: Reverse Mortgage data is updated quarterly, averaging 188.248 HKD mn from Sep 2024 (Median) to Dec 2024, with 2 observations. The data reached an all-time high of 217.946 HKD mn in Dec 2024 and a record low of 158.549 HKD mn in Sep 2024. Gross Premium Written: ytd: Reverse Mortgage data remains active status in CEIC and is reported by Insurance Authority. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.Z017: Insurance Statistics: General Business (Provisional).

In 2023, Mutual Of Omaha Mortgage Inc. was the largest reverse mortgage lender with over ***** 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 ** 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.

Hong Kong SAR (China) Underwriting Results incl. DM: P&L: Year to Date: Reverse Mortgage data was reported at -2,481.377 HKD mn in Dec 2024. This records a decrease from the previous number of 34.958 HKD mn for Sep 2024. Hong Kong SAR (China) Underwriting Results incl. DM: P&L: Year to Date: Reverse Mortgage data is updated quarterly, averaging -1,223.209 HKD mn from Sep 2024 (Median) to Dec 2024, with 2 observations. The data reached an all-time high of 34.958 HKD mn in Sep 2024 and a record low of -2,481.377 HKD mn in Dec 2024. Hong Kong SAR (China) Underwriting Results incl. DM: P&L: Year to Date: Reverse Mortgage data remains active status in CEIC and is reported by Insurance Authority. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.Z017: Insurance Statistics: General Business (Provisional).

Market Size statistics on the Reverse Mortgage Providers industry in Australia

The Reverse Mortgage Services market has emerged as a vital financial tool for seniors, providing them with a means to access their home equity while enabling them to maintain ownership of their properties. This financial solution caters to a growing demographic of aging homeowners who seek to supplement their retir

According to a survey conducted in 2023, around 23.5 percent of private financial institutions in Japan were offering reverse mortgages. While about 60 percent of financial institutions did not intend to offer the product in the future, 15.2 percent considered introducing it. Reverse mortgages are a type of loan for senior homeowners in which a borrower's home serves as collateral, and the principal and interest are repaid in a lump sum upon the termination of the contract. In Japan, reverse mortgages are offered by financial institutions or local councils of social welfare.

The Federal Housing Administration's HECM program is the only government-insured reverse mortgage program. The HECM program guarantees that the lender will meet its payment obligations to the homeowner, limits the borrower's loan origination costs, and insures full repayment of the loan balance to the lender up to the maximum claim amount. The loan amount is based on borrower age, home value, and current interest rates. The HECM data files provide loan-level records that will enable interested parties to explore issues regarding downpayment assistance provided to homebuyers utilizing HECM insured mortgage financing.

Employment statistics on the Reverse Mortgage Providers industry in Australia

Information on HECM (Home Equity Conversion Mortgage) Single Family Portfolio Snapshot, Healthcare Professional Jobs Salaries and Healthcare Assistant Jobs Salaries

Mortgage Loan Service Market Outlook

The global mortgage loan service market size was valued at approximately $10.5 trillion in 2023 and is projected to reach around $18.2 trillion by 2032, growing at a CAGR of 6.1% during the forecast period. The growth of this market is driven by the increasing urbanization, rising disposable incomes, and favorable government policies aimed at promoting homeownership across various regions. Additionally, the proliferation of digital banking and fintech solutions has made mortgage services more accessible, further contributing to the market's expansion.

One of the primary growth factors for the mortgage loan service market is the significant rise in housing demand globally. As urban populations swell and economic conditions improve, more individuals and families are seeking to purchase homes, driving the need for mortgage loans. This trend is particularly evident in emerging markets, where urbanization is occurring at an unprecedented rate. Governments are also playing a crucial role by implementing policies and grants to make housing more affordable, thereby boosting mortgage adoption.

Technological advancements are another significant factor propelling the mortgage loan service market. The integration of AI, big data analytics, and blockchain technology has revolutionized the way mortgage services are delivered. These technologies streamline application processes, enhance risk assessment, and improve customer service, making it easier and faster for consumers to secure loans. Fintech companies, in particular, are leveraging these technologies to offer more competitive rates and personalized loan products, thereby attracting a broader customer base.

Furthermore, the increasing participation of non-banking financial institutions (NBFIs) and credit unions has diversified the mortgage loan service market. These entities often provide more flexible and innovative loan products compared to traditional banks, meeting the needs of a more varied clientele. NBFIs and credit unions also tend to have more lenient approval processes, making them an attractive option for individuals with non-traditional income sources or lower credit scores. This diversification is contributing significantly to the market's growth.

Mortgage Loans Software is playing an increasingly pivotal role in the evolution of the mortgage loan service market. As the industry embraces digital transformation, software solutions are being developed to streamline the entire mortgage process, from application to approval. These software platforms facilitate better data management, enhance customer experience, and improve operational efficiency for service providers. By automating routine tasks and providing real-time analytics, Mortgage Loans Software helps lenders make more informed decisions, reduce processing times, and minimize errors. This technological advancement is not only beneficial for lenders but also empowers borrowers by offering them greater transparency and control over their mortgage journey.

Regionally, North America continues to dominate the mortgage loan service market due to its well-established financial infrastructure and high homeownership rates. However, the Asia Pacific region is expected to register the fastest growth during the forecast period, driven by rapid urbanization, rising incomes, and government initiatives aimed at affordable housing. Countries like China and India are particularly noteworthy due to their large and growing middle-class populations.

Type Analysis

The mortgage loan service market is segmented by type into fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, reverse mortgages, and others. Fixed-rate mortgages are the most popular type, offering borrowers the stability of a constant interest rate over the life of the loan. This makes them particularly attractive in times of low-interest rates, as borrowers can lock in favorable terms for the long term. The predictability of monthly payments also makes fixed-rate mortgages a preferred choice for many homeowners.

Adjustable-rate mortgages (ARMs) offer lower initial interest rates compared to fixed-rate mortgages, making them an attractive option for borrowers who anticipate an increase in their income or plan to sell their property before the rate adjusts. However, the fluctuating interest rates can pose a risk, especially in volatile economic conditions. Despite this, the flexibility

Graph and download economic data for Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPMBSD) from 2010-08-05 to 2024-10-16 about mortgage-backed, reverse repos, trade, securities, sales, and USA.

Graph and download economic data for Overnight Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONMBSD) from 2010-08-05 to 2024-10-16 about mortgage-backed, reverse repos, overnight, trade, securities, sales, and USA.

United States - Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations was 0.04400 Bil. of US $ in October of 2024, 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 July of 2025.

Net Premium Written: RIB: ytd: Pecuniary Loss: Reverse Mortgage data was reported at 35.912 HKD mn in Dec 2024. This records an increase from the previous number of 25.498 HKD mn for Sep 2024. Net Premium Written: RIB: ytd: Pecuniary Loss: Reverse Mortgage data is updated quarterly, averaging 30.705 HKD mn from Sep 2024 (Median) to Dec 2024, with 2 observations. The data reached an all-time high of 35.912 HKD mn in Dec 2024 and a record low of 25.498 HKD mn in Sep 2024. Net Premium Written: RIB: ytd: Pecuniary Loss: Reverse Mortgage data remains active status in CEIC and is reported by Insurance Authority. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.Z019: Insurance Statistics: General Business: Reinsurance Inward Business (Provisional).

Gross Premium Written: RIB: ytd: Pecuniary Loss: Reverse Mortgage data was reported at 42.774 HKD mn in Dec 2024. This records an increase from the previous number of 30.291 HKD mn for Sep 2024. Gross Premium Written: RIB: ytd: Pecuniary Loss: Reverse Mortgage data is updated quarterly, averaging 36.532 HKD mn from Sep 2024 (Median) to Dec 2024, with 2 observations. The data reached an all-time high of 42.774 HKD mn in Dec 2024 and a record low of 30.291 HKD mn in Sep 2024. Gross Premium Written: RIB: ytd: Pecuniary Loss: Reverse Mortgage data remains active status in CEIC and is reported by Insurance Authority. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.Z019: Insurance Statistics: General Business: Reinsurance Inward Business (Provisional).

Australia Residential Mortgages: ADIs: Reverse Mortgages data was reported at 3,899.500 AUD mn in Dec 2024. This records an increase from the previous number of 3,837.800 AUD mn for Sep 2024. Australia Residential Mortgages: ADIs: Reverse Mortgages data is updated quarterly, averaging 2,357.300 AUD mn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 3,899.500 AUD mn in Dec 2024 and a record low of 2,089.500 AUD mn in Dec 2023. Australia Residential Mortgages: ADIs: Reverse Mortgages data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB024: Residential Mortgage: Credit Outstanding.

总签单保费：年初至今：Reverse Mortgage在12-01-2024达217.946百万港元，相较于09-01-2024的158.549百万港元有所增长。总签单保费：年初至今：Reverse Mortgage数据按季更新，09-01-2024至12-01-2024期间平均值为188.248百万港元，共2份观测结果。该数据的历史最高值出现于12-01-2024，达217.946百万港元，而历史最低值则出现于09-01-2024，为158.549百万港元。CEIC提供的总签单保费：年初至今：Reverse Mortgage数据处于定期更新的状态，数据来源于保险业监管局，数据归类于全球数据库的中国香港特别行政区 – Table HK.Z017: Insurance Statistics: General Business (Provisional)。

净承保保费：年初至今：Reverse Mortgage在12-01-2024达192.767百万港元，相较于09-01-2024的140.222百万港元有所增长。净承保保费：年初至今：Reverse Mortgage数据按季更新，09-01-2024至12-01-2024期间平均值为166.495百万港元，共2份观测结果。该数据的历史最高值出现于12-01-2024，达192.767百万港元，而历史最低值则出现于09-01-2024，为140.222百万港元。CEIC提供的净承保保费：年初至今：Reverse Mortgage数据处于定期更新的状态，数据来源于保险业监管局，数据归类于全球数据库的中国香港特别行政区 – Table HK.Z017: Insurance Statistics: General Business (Provisional)。