TMM - News

Heartland reverse mortgage book grows 10%

Thursday 17th of September 2020

Heartland's reverse mortgage receivables jumped 9.7%, or $49.6 million, to $559.9 million. The group, which owns Heartland Bank, said the rise was driven by increased brand awareness and advertising. 

Chris Flood, chief executive of Heartland Bank, told TMM Online that the "vast majority" of reverse mortgages were sold to direct customers. In Australia,...

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