CHICAGO, Feb. 10, 2020 /PRNewswire-PRWeb/ -- Reverse Mortgage Daily, an Aging Media Network publication, is pleased to announce the results of its 2020 outlook survey on the state of the reverse mortgage market.
The survey gathers the opinions of more than 330 industry professionals, polled about their reverse mortgage industry outlook for 2020.
The report on the survey results includes highlights on where industry stakeholders foresee challenges in the year ahead, how they are approaching the private product market, and where they see continued challenges to business.
In summary, respondents indicated:
- They are widely optimistic about the reverse mortgage landscape
- Proprietary products are a target area for growth
- Challenges remain in terms of product awareness and consumer education
- Most prefer the term "proprietary" with respect to non-FHA reverse mortgages
"We've anticipated a turning tide when it comes to reverse mortgage optimism among industry participants based on our recent conversations with industry members," said Chris Clow, editor of Reverse Mortgage Daily. "We're pleased to be able to measure this optimism through our reader survey, and also to gather information on where our readership sees opportunities and challenges in the coming year."
The full survey results are available here.
About Aging Media Network / Reverse Mortgage Daily
Aging Media Network is an innovative business media company based in Chicago, Illinois, and is the publisher of Senior Housing News, Reverse Mortgage Daily, Home Health Care News and Skilled Nursing News, Hospice News, and Behavioral Health Business.
Reverse Mortgage Daily is the leading source for industry news and information covering the business of reverse mortgages. Visit https://reversemortgagedaily.com for more information.
SOURCE Aging Media Network