FOA leads July HECM endorsements while HMBS issuance remains weak

Home Equity Conversion Mortgage (HECM) endorsements declined in July after an uptick in June, while HECM Mortgage-Backed Securities (HMBS) issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors. The top 15 originators endorsed 2,034 HECM loans last month, down from 2,064 in June. Finance of America (FOA) led the way with 498 endorsements in July, followed by Mutual of Omaha Mortgage (377) and Longbridge Financial (351). Traditional Mortgage Acceptance Corp. (TMAC) was fourth with 101 and Guild Mortgage was fifth with 66. For the year ending in July 2026, Mutual of Omaha ranks No. 1 with 5,189 endorsements and a 21% market share. FOA‘s 4,822 endorsements are good for second place and a 19.5% market share, with Longbridge in third (4,162, 16.8%). New View’s report analyzes HECM production by region using Department of Housing and Urban Development (HUD) data. It found that HUD’s homeownership center in Santa Ana, California, led the way with 660 endorsements in July, with field offices in Santa Ana, Los Angeles and Seattle leading the way for individual production. The three other HUD homeownership centers were closely bunched...