HECM broker endorsements continue tepid pace in May
Atlantic Avenue remained at No. 1 despite declining endorsement activity during the month
Reverse Mortgage Daily
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Finance of America grows reverse mortgage volume despite Q2 net loss of $29M
Finance of America Companies Inc. (FOA) grew its reverse mortgage and home equity funding volume 21% year over year in the second quarter of 2026, even as non-cash fair value marks in its portfolio business drove a net loss of $29 million from April through June.
FOA leads July HECM endorsements while HMBS issuance remains weak
Home Equity Conversion Mortgage endorsement declined in July after an uptick in June, while HECM Mortgage-Backed Securities issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors.
Here’s another example of how proprietary loans are driving growth for the reverse mortgage market
Proprietary reverse mortgages drove industrywide volume to $9.65B in 2025 as HECM volume stalled and higher rates shifted product economics.
CFPB seeks input on mortgage disclosures and TRID rules
CFPB issued an RFI on TRID, refinance rescission and reverse mortgage disclosures, asking if current rules raise costs and limit access.
FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB
FOA will also acquire Onity’s pipeline of reverse mortgage loans, and Onity will exit the reverse mortgage originations business.
AARP awards $8.3M in senior-focused housing and community improvement grants
The funds come at a time when the U.S. population is aging rapidly and seniors are overwhelmingly expressing a desire to age in place in their current homes.
Social Security, Medicare solvency could be examined by bipartisan commission
Rather than advancing immediate policy changes, the panel would study financial outlooks and submit recommendations for lawmakers to consider.
Mutual of Omaha remains No. 1 as HECM endorsements fall 4.7% in May
May HECM endorsements fell to 1,967, down 4.7% from April. Mutual of Omaha Mortgage led with 423 and a 21.5% market share.
Fidelity data shows record retirement savings, rising Roth adoption
Combined employer and employee contributions for 401(k) savers hit 14.4%, approaching Fidelity’s suggested 15% target.