"According to RMI, if the November volume is adjusted by halving it to account for two months of production the backlog from October and the actual production in November the total volume reflects an 11.7% decrease compared to September. But it's possible there is still some endorsement backlog to come in [December] that could mean that's a conservative interpretation, the report states."
"RMI data shows that the top 10 reverse mortgage lenders increased their market share to about 80%, up from 78.8% in September. Mutual of Omaha Mortgage led the market with 896 loans in November, capturing a 22.8% market share. Finance of America (FOA) followed with 663 loans and a 16.9% share. Recently, FOA closed a deal to acquire $9.6 billion in mortgage servicing rights from Onity Group, which will lead to Onity's subsidiary, Liberty Reverse Mortgage, exiting the reverse mortgage origination business."
RMI adjusted November volume by halving it to account for two months of production, backlog from October, and actual November production, resulting in an 11.7% decrease versus September. Some endorsement backlog may still arrive in December, which could make that interpretation conservative. The top 10 reverse mortgage lenders increased market share to about 80%, led by Mutual of Omaha Mortgage (896 loans, 22.8%), FOA (663 loans, 16.9%), and Longbridge Financial (635 loans, 16.2%); the top three represented roughly 61% of HECM endorsements over the 12 months through November 2025. Regionally, Pacific/Hawaii, Southeast/Caribbean, and Southwest posted the highest November volumes. HMBS issuance cooled to $516 million across 62 pools in November, with FOA the top issuer at $167 million.
Read at www.housingwire.com
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