Depository banks know that, per the AARP, more than 67% of US assets are controlled by individuals age 50+, with this group representing more than 67% of all bank deposits. If you don't think that lenders view reverse mortgages as a growth industry, you're wrong it may be the last chance to lend to this generation, right? There is a lot of bank M&A going on and it is not always confined to banks: Fifth Third Bank will acquire Retirement Corporation of America , a registered investment adviser providing retirement education & planning nationwide.
