New View Advisors is pleased to provide the second installment of its new index product, the Proprietary Reverse Mortgage Production Index. The index is a quarterly index of the dollar amount of newly originated proprietary reverse mortgage loans in the United States.
We estimate Proprietary Reverse Mortgage Production for December 2025 at $250 million, 4th quarter 2025 production at just over $730 million, and that 2025 production of proprietary reverse mortgages totaled just under $2.5 billion.
This compares to new FHA insured reverse mortgage production, (the Home Equity Conversion Mortgage, or “HECM”), of approximately $292 million in December 2025, and just over $4 billion for calendar year 2025.
We estimate that during 2025, proprietary production climbed from about 30% to over 45% of the total dollar amount of the $6.5 billion U.S. reverse mortgage originations market.
This index is constructed from public and private sources. Public data includes publicly available financial statements, rating agency reports, and other reports relating to securitization of proprietary reverse mortgages in the United States.