In December 2024, HECM endorsements surged by 9.1%, indicating a resilient interest in reverse mortgages despite fluctuating market conditions and regulatory changes.
The Southeast/Caribbean region recorded a staggering 42% increase in HECM endorsements, securing its position as the top region for reverse mortgage activity in 2024.
Mutual of Omaha Mortgage achieved a significant 40.9% increase in reverse mortgage loans endorsed in December, reaffirming its lead as the No. 1 lender in the industry.
Despite challenges, six of the top ten lenders, including Finance of America and Longbridge Financial, posted notable increases in their endorsements in December.
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