Finance of America (FOA) maintained its position as the top issuer of Home Equity Conversion Mortgage-backed Securities (HMBS) in 2025, underscoring significant changes in the reverse mortgage securitization market over the past decade.

FOA issued $1.87 billion in HMBS last year, capturing roughly 30% of total market share, according to league tables compiled by New View Advisors from publicly available Ginnie Mae data and private sources.

Longbridge Financial followed in second place with $1.44 billion, or 23% of the market. Mutual of Omaha Mortgage and PHH Mortgage Corp. rounded out the top four, issuing $1.16 billion (19%) and $1.09 details ⇒

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