"The transaction will result in Onity's subsidiary, Liberty Reverse Mortgage, exiting the reverse mortgage origination business. In December, Liberty closed 105 loans, bringing its 2025 total to 1,166 and ranking fifth nationally. That marked a decline from 2024, when the company ranked fourth with 1,125 loans. Meanwhile, Longbridge Financial, owned by Ellington Financial, originated 404 loans in December and 4,146 in 2025, up from 3,299 the prior year."
"Together, the top three lenders accounted for approximately 55.8% of all HECM endorsements in 2025, compared to 57.4% in 2024. The top 10 lenders which also include Goodlife Home Loans, Fairway Home Mortgage, South River Mortgage, Guild Mortgage, Plaza Home Mortgage and HighTechLendingmaintained a combined market share of roughly 79%. Following the longest-ever federal government shutdown in October and November, HECM endorsements increased 12% in December compared to their average for the prior two months, RMI reported."
"In a separate report released Monday, New View Advisors said HECM Mortgage-Backed Securities (HMBS) issuance cooled in December, falling to $481 million, down from $517 million in November. A total of 65 pools were issued, one more than in November. For full-year 2025, HMBS issuance totaled $6.19 billion, exceeding 2024's $6.05 billion, when the program recorded its lowest annual volume since its inception in 2008. The record year remains 2022, with $14 billion in issuance."
Onity's Liberty Reverse Mortgage will exit reverse mortgage origination after closing 105 loans in December, totaling 1,166 originations in 2025 and ranking fifth nationally. Longbridge Financial originated 404 loans in December and 4,146 in 2025, up from 3,299, and launched a HELOC for homeowners ages 62 and older. The top three lenders held about 55.8% of HECM endorsements in 2025 and the top 10 maintained roughly 79% market share. After the federal shutdown, endorsements rose 12% in December and the FHA insured 2,186 loans that month, clearing the endorsement backlog. Full-year HECM endorsements totaled 26,843. HMBS issuance fell to $481 million in December but reached $6.19 billion for 2025.
Read at www.housingwire.com
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