Key facts
- Finance of America (FOA) was the top Home Equity Conversion Mortgage (HECM) lender in June 2026.
- FOA closed 481 HECMs in June, contributing to a year-to-date total of 2,498 loans and a 23.3% market share.
- Total HECM retail endorsements for the top 100 lenders were 2,064 in June, a 6% increase from May but down 9.8% year to date.
- HMBS issuance decreased to $456 million in June, marking near historic lows.
- Finance of America also led HMBS issuance in June with $179 million.
Finance of America maintained its position as the leading Home Equity Conversion Mortgage (HECM) lender in June 2026, according to a report from HECMWorld.com using data from Reverse Market Insight (RMI). The company closed 481 HECMs in June, contributing to a year-to-date total of 2,498 loans and securing a 23.3% market share.
Overall, the top 100 HECM retail lenders recorded 2,064 loans in June, a 6% increase from May but a 9.8% decrease year to date. Longbridge Financial ranked second with 407 endorsements in June and a 19.7% market share, while Mutual of Omaha Mortgage was third with 398 endorsements and a 19.3% share.
In parallel, HECM Mortgage-Backed Securities (HMBS) issuance fell to $456 million in June, down from $500 million in May and below year-ago levels. Finance of America was also the top issuer of HMBS in June, with $179 million. The report highlights that factors such as higher mortgage rates, increased FHA underwriting scrutiny, and reputational concerns continue to limit growth in the reverse mortgage market compared to previous cycles.
Consolidation is evident in the reverse mortgage market, with the top 10 lenders accounting for the majority of HECM retail volume. Lenders with established reverse platforms, like Finance of America, Longbridge, and Mutual of Omaha, are capturing a significant portion of the available volume.