Finance of America Leads HECM Endorsements

Finance of America (FOA) has emerged as a leading originator in the reverse mortgage sector, securing the top position for Home Equity Conversion Mortgage (HECM) endorsements in the first six months of 2026 with nearly 2,500 endorsements. This performance builds on the company's strong first quarter, with second-quarter earnings scheduled for release on August 4. Graham Fleming, CEO of FOA for nearly 13 years, took the helm in 2023 following the company's acquisition of American Advisors Group (AAG).

In a recent interview with HousingWire's Reverse Mortgage Daily (RMD), Fleming addressed the current state of HECM production, acknowledging that while overall HECM endorsements have been slow, FOA's own endorsements are down year-over-year. He reframed "obstacles" to HECM demand as a matter of "consumer choice," emphasizing FOA's commitment to offering a range of products, including proprietary loans launched in 2019. Fleming noted that the company, which is also the largest servicer of both proprietary and HECM loans, aims to match consumers with the most suitable product, whether it's a HECM or a proprietary alternative, especially in light of fluctuating interest rates experienced since 2021.

The discussion also highlighted FOA's strategic initiatives to expand senior access to home equity solutions through various partnerships. Furthermore, Fleming provided insights into the company's recent acquisition of Onity Mortgage assets, a move intended to bolster FOA's market presence and product offerings. The interview, edited for brevity and clarity, covered the evolving landscape of reverse mortgage products and FOA's role in shaping senior financial planning.