2024 is in the rearview mirror, and with many reverse mortgage professionals naming interest rates as the key challenge that defined the year, performance metrics appear to be bearing that out.

The reverse mortgage industry’s total annual Home Equity Conversion Mortgage (HECM) volume saw a dip, but there was some shuffling among the leading players on the industry’s leaderboard for the top 10 Federal Housing Administration (FHA)-approved retail-based HECM endorsements. The data from January through December was compiled by Reverse Market Insight (RMI).