{"id":60108,"date":"2025-06-04T03:05:10","date_gmt":"2025-06-04T01:05:10","guid":{"rendered":"https:\/\/housesmarketplace.com\/global-reverse-mortgages-in-the-news-growth-delay-and-launch\/"},"modified":"2025-06-04T03:05:10","modified_gmt":"2025-06-04T01:05:10","slug":"global-reverse-mortgages-in-the-news-growth-delay-and-launch","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/global-reverse-mortgages-in-the-news-growth-delay-and-launch\/","title":{"rendered":"\u0413\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u0430\u044f \u043e\u0431\u0440\u0430\u0442\u043d\u0430\u044f \u0438\u043f\u043e\u0442\u0435\u043a\u0430 \u0432 \u043d\u043e\u0432\u043e\u0441\u0442\u044f\u0445: \u0440\u043e\u0441\u0442, \u0437\u0430\u0434\u0435\u0440\u0436\u043a\u0430 \u0438 \u0437\u0430\u043f\u0443\u0441\u043a"},"content":{"rendered":"
\n

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate<\/a> for the past several years, their international equivalents don\u2019t always have the same challenges.<\/p>\n

Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity<\/a> in their territories \u2014 and some U.S.-based lenders have taken notice. But as the world keeps spinning, reverse mortgage players in other countries are making moves.<\/p>\n

Canadian lender growth<\/h2>\n

Immediately to the north of the U.S. in Canada<\/a>, the second-largest reverse mortgage provider \u2014 Toronto-based Equitable Bank<\/strong><\/a> \u2014 is seeing notable growth, according to a recent earnings report<\/a>. <\/p>\n

The company has managed to gain market share in the country\u2019s relatively slow housing market, but a standout division for growth is reportedly the company\u2019s reverse mortgage division.<\/p>\n

The company\u2019s \u201cdecumulation lending\u201d division includes both reverse mortgages and insurance lending. It reached $2.5 billion CAD in volume (a little more than $1.8 billion USD) in the second quarter of 2025 that ended April 30. This constituted growth of 45% year over year and 8% quarter over quarter.<\/p>\n

The bank attributed the growth to \u201cbroker support, value to borrowers of choosing Equitable Bank\u2019s differentiated solutions and continued expansion of the available market as Canadians retire and realize the advantages of converting real asset-based equity into funds to live in place.\u201d<\/p>\n

Australian program mired in delays<\/h2>\n

In Australia<\/a>, the news is less rosy. The government-sponsored reverse mortgage program known as the Home Equity Access Scheme (HEAS) is encountering challenges in serving customers in a timely fashion, according to reporting<\/a> by The West Australian.<\/p>\n

The program \u201chas been bogged down, with many applicants reporting delays dating back to last year,\u201d the report explained. A government division called Services Australia<\/strong> oversees the government\u2019s pension, Social Security and child support payments, which are delivered through a government payment processing service called Centrelink<\/strong>.<\/p>\n

Annette Sinclair, a former Centrelink financial information officer now serving as an independent financial planner, told the outlet that the delays had been \u201csignificant.\u201d<\/p>\n

\u201cWhile some go through reasonably quickly, the majority seem stuck in the system for at least two months \u2014 and often longer,\u201d Sinclair told the outlet.<\/p>\n

The outlet described a scenario provided by a reader in which they applied to the HEAS in December 2024. Their application was cancelled due to missing information. After resubmitting, the reader said several weeks went by before a complication with the home\u2019s insurance led to a second cancellation \u2014 much to the reader\u2019s frustration and concern.<\/p>\n

\u201cThe HEAS is a low-cost reverse mortgage arrangement which allows senior Australians to tap into their home\u2019s equity at a relatively low interest rate of 3.95%,\u201d the outlet explained. \u201cLike other reverse mortgages, only real property can be offered as security.\u201d<\/p>\n

There are private-label options without government involvement, but the rates tend to be much higher, so customers tend to prefer the government arrangement on a cost basis.<\/p>\n

Hank Jongen, general manager for Services Australia, apologized to impacted customers through the outlet, saying that roughly 16,000 applications currently remain in the system.<\/p>\n

\u201cProcessing times for the scheme vary because they are complex assessments,\u201d Jongen said. \u201cThey also often require information from third parties, such as a valuation<\/a> request, which can add time to claim finalization. We invest significant time training staff and right now, we\u2019re training more staff on these claims to help people faster.\u201d<\/p>\n

New product in South Korea<\/h2>\n

Meanwhile, in South Korea, a lender recently introduced a new non-government reverse mortgage product, according to outlet Korea JonngAng Daily<\/a>.<\/p>\n

Hana Financial Group<\/strong> announced last week the launch of \u201cHana The Next Home Pension,\u201d which is available to homeowners 55 and older. To enter into the agreement, the homeowner \u201centrust[s] their homes to Hana Bank and [will] receive fixed monthly pension payments from Hana Life for life, even after one spouse passes away,\u201d according to the report.<\/p>\n

The product recently gained regulatory approval and went on the market across the country last week. It has an effective limit that exceeds $881,230 USD (1.2 billion Korean won), the current ceiling for the government-backed reverse mortgage program.<\/p>\n

It also maintains something akin to the U.S. industry\u2019s nonrecourse feature while \u201csurplus proceeds from a posthumous sale\u201d are passed onto heirs. <\/p>\n

Like a U.S. reverse mortgage, there are a variety of disbursement options including \u201ca flat monthly amount, front-loaded payments or incrementally increasing payments.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents don\u2019t always have the same challenges. Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60108","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nGlobal reverse mortgages in the news: growth, delay and launch - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/global-reverse-mortgages-in-the-news-growth-delay-and-launch\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global reverse mortgages in the news: growth, delay and launch - Houses Marketplace\" \/>\n<meta property=\"og:description\" content=\"While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents don\u2019t always have the same challenges. 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