"The slowdown came as the market remained heavily concentrated among just three firms. Mutual of Omaha Mortgage led all lenders with 460 loans in August and a 23% market share over the past 12 months. Finance of America (FOA) followed with 402 loans, while Longbridge Financial logged 306. Together, the three companies accounted for about 61% of all HECM endorsements between September 2024 and August 2025, according to New View's analysis."
"In a separate report from New View Advisors released on Tuesday, HECM Mortgage-Backed Securities (HMBS) issuance also cooled in August, falling to $502 million. That's down $39 million from July's figure of $541 million. There were 75 pools issued, four fewer than in July. FOA was the top issuer in August with $152 million, which was a decrease of $3 million from July."
HECM endorsements slowed while the market remained heavily concentrated among three firms. Mutual of Omaha Mortgage led with 460 loans in August and a 23% market share over the past 12 months. Finance of America recorded 402 loans and Longbridge Financial logged 306. Together the three firms accounted for about 61% of endorsements between September 2024 and August 2025. California's Santa Ana Homeownership Center led regions with 699 endorsements in August, followed by Atlanta (497) and Philadelphia (427). Wholesale sponsors drove volume, with Longbridge sponsoring 3,358 loans and FOA 2,518. HMBS issuance cooled to $502 million with FOA the top issuer at $152 million.
Read at www.housingwire.com
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