"Mutual of Omaha Mortgage led all lenders with 464 loans in September, capturing a 21% market share. Finance of America (FOA) followed with 411 loans (18.5%), while Longbridge Financial logged 365 loans (16.5%). The three companies accounted for about 56% of all HECM endorsements between October 2024 and September 2025, the data shows. Guild Mortgage saw the largest monthly gain, jumping from 38 endorsements in August to 69 in September, followed by South River Mortgage, which increased from 54 to 78."
"Regionally, the Pacific/Hawaii area topped the rankings with 556 loans in September, up from 507 in August. It was followed by the Southeast/Caribbean region (482 loans, +10%) and the Southwest (219 loans, +19.7%). The reverse mortgage industry is now challenged by a government shutdown. The FHA said it will continue to process claims but cannot endorse new HECMs until funding is restored. Lenders have said this will not affect their ability to serve borrowers. Many of them are reinforcing alternatives, including proprietary products."
"In a separate report released last week, New View Advisors said HECM Mortgage-Backed Securities (HMBS) issuance cooled in September, falling to $491 million down $11 million from August's figure of $502 million. A total of 74 pools were issued, one fewer than in July. FOA was the top issuer in September with $151 million, a $1 million decrease from August. Longbridge followed with $114 million, up $3 million, while Mutual of Omaha posted $101 million, also up $3 million. PHH Mortgage Corp. issued $74 million, down $13 million from August."
Mutual of Omaha Mortgage led lenders with 464 HECM loans in September, capturing a 21% market share. Finance of America followed with 411 loans (18.5%) and Longbridge Financial logged 365 loans (16.5%), with the three firms accounting for about 56% of endorsements between October 2024 and September 2025. Guild Mortgage and South River Mortgage posted the largest monthly gains. The Pacific/Hawaii region recorded the most loans, followed by Southeast/Caribbean and Southwest. The FHA will process claims but cannot endorse new HECMs during the government shutdown. HMBS issuance cooled to $491 million in September, led by FOA, Longbridge and Mutual of Omaha.
Read at www.housingwire.com
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