Atlantic Avenue leads HECM broker endorsements in January

"Atlantic Avenue Mortgage, which endorsed 935 HECM loans during the period. It also led all companies by endorsing 113 loans in January 2026 well above its 12-month average of 78 endorsements. Second place went to loanDepot with 449 endorsements, including 38 in January."

"That report showed that HECM endorsements dropped by nearly 21% from January to February, with the 1,821 loans endorsed last month representing the lowest level since early in the COVID-19 pandemic."

"Stagnant activity for the federally insured HECM program is also tied to increased demand for proprietary reverse mortgages, which accounted for 45% market share in December, according to New View. That segment has expanded significantly in recent years as leading lenders like Mutual of Omaha Mortgage and Longbridge Financial have released and updated their private-label product sets."

"HomeSafe Second is a second-lien reverse mortgage that allows seniors to tap home equity without trading in their low-rate first mortgage. The product is now available in a total of 16 states."

Atlantic Avenue Mortgage topped HECM brokers during the 12-month period ending January with 935 endorsements, followed by loanDepot (449), Caliver Beach Mortgage (386), C2 Financial Corp. (204), and Carrington Mortgage Services (153). HECM endorsements declined significantly, dropping nearly 21% from January to February 2026, reaching 1,821 loans—the lowest level since early COVID-19. Secondary market activity weakened, with HMBS issuance falling to $431 million across 66 pools in February. Proprietary reverse mortgages have captured substantial market share at 45% in December, driven by expanded product offerings from lenders like Mutual of Omaha Mortgage and Longbridge Financial. Finance of America expanded its HomeSafe Second product, a second-lien reverse mortgage, to three additional states, bringing availability to 16 states total.

Read at www.housingwire.com