The alternative of staying at home and drawing down on the equity in your home is evaporating for many, as the number of reverse mortgage funders declines in line with increasing uncertainty on home values. The 22 reverse mortgage suppliers is now reported to be down to less than ten. This has led to the rating firm Canstar Cannex that has specialized in grading reverse mortgages to abandon this service.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
