Credit unions are overlooking a growing opportunity in reverse mortgages, a product gaining traction among aging homeowners seeking liquidity. Their absence in this niche could signal missed revenue streams and client retention challenges as competitors capitalize on demographic shifts. For middle-market credit professionals, understanding why credit unions lag in reverse mortgage offerings sheds light on evolving credit demand patterns and potential areas for portfolio diversification or partnership. This gap highlights shifting dynamics in consumer credit preferences within the housing finance sector.
Why credit unions are missing the boat on reverse mortgage demand
Source: HousingWire