What is it about?
The paper sought the opinions of the banking sector professionals on the potentials of introducing an innovative banking product, "reverse mortgage" into the financial landscape of Malaysia.
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Why is it important?
With the growing call for self-funded retirement financing occasioned by the decline in government provision of retirement finance, the elderly, holding a vast housing wealth in form of housing equity can fall back on this "untapped illiquid" asset to cushion the effect of financial insecurity in old age.
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This page is a summary of: Possibility of introducing reverse mortgage product in Malaysia, Qualitative Research in Financial Markets, August 2018, Emerald,
DOI: 10.1108/qrfm-07-2017-0070.
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