Endorsements of FHA home equity conversion mortgages fell overall in the second quarter of 2025, although purchase HECMs saw double-digit gains. (Includes three data tables.)

Researchers have found that minority applicants were less likely than white applicants to be approved for a reverse mortgage.

The U.S. Court of Appeals for the Second Circuit upheld the fraud conviction of Michael Hild, founder and former CEO of the now-shuttered reverse-mortgage lender, Live Well Financial.

HECM lending increased by 5.3% on a quarterly basis in the fourth quarter of 2024. But for the full year, endorsements declined, with a downturn in production in four major states. (Includes three data tables.)

Endorsement activity involving traditional HECMs declined slightly and production of HECMs for home purchase increased during the third quarter. Mutual of Omaha remained the top HECM lender. (Includes three data tables.)

The SFLS program is intended to yield a recovery to the MMIF that meets or exceeds the recovery obtained from a foreclosure-based claim.

The term sheet for Ginnie’s home equity conversion mortgage MBS 2.0 program is largely unchanged from the draft proposed earlier this year.

The new pooling option aims to provide some relief for servicers of reverse mortgages.

The capital ratio for FHA’s home equity conversion mortgage program grew nearly 800 basis points, helped by home price trends.

FHA and Ginnie Mae officials are working to ensure HECMs are available by implementing various reforms.