This is only part of the reason why the reverse mortgage industry will continue to grow. A Belgian Bank recently announce the purchase of Vertical Lend, of Melville, Long Island, NY. This is only the beginning.
The product is in Australia, France, &England to name a few. Spain & India are actively considering same.
The US market has a 1%percent market penetration. As the oldest baby boomers turn 62 (next year) and with the collapse of the sub prime market place, this industry is bound to jump into the stratosphere.
