Australia

Even Australians face reverse mortgage reluctance

Shannon Hicks
Unable to use the embedded player? Listen here. EPISODE #680 Data shows advisers in Australia reluctant to discuss equity release strategies “New research has found that financial advisers are not considering the government’s Pension Loan Scheme (PLS) when developing strategies for retirees.” Other Stories: Reverse Market Insights ‘Market Minute’ MarketWatch:

Homeowners Marooned

Shannon Hicks
 Australia’s cautionary tale for America [Download transcript] It’s said that nature abhors a vacuum. In the case of Australia, the question is who will fill it? Like an episode of Lost, senior homeowners in Australia now find themselves marooned being unable to tap their equity with no monthly payments.

Down Under: When lenders disappear

Shannon Hicks
 Australia: largest reverse mortgage lenders exit What happens when reverse mortgage lenders suddenly disappear? Australia is instructive on what happens when lenders offering a needed loan to help seniors age in place suddenly disappear. Despite the strong criticism and negative media stories covering the loan, it would seem the

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