Here’s another example of how proprietary loans are driving growth for the reverse mortgage market

Proprietary reverse mortgages, rather than government-insured Home Equity Conversion Mortgages (HECMs), are driving the reverse mortgage industry’s recent growth, according to an analysis of Home Mortgage Disclosure Act (HMDA) data published Wednesday by New View Advisors. Total reverse mortgage volume rose from $6.25 billion in 2023 to $7.51 billion in 2024 and $9.65 billion in 2025, New View Advisors said, citing HMDA data published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC). Proprietary reverse mortgages accounted for most of that expansion, growing from $1.1 billion in 2023 to $3.8 billion in 2025 — a roughly 245% increase over two years compared with about 54% growth for the overall reverse market. Trend driven by higher rates, mortgage insurance hurdle Loan counts show an even sharper shift toward proprietary products. Private-label reverse mortgages increased by 293%, rising from 1,774 units in 2023 to 3,212 in 2024 and 6,979 in 2025. During the same period, HECM volume grew at a much slower pace, with the respective counts of 23,358, 24,648 and 24,850 equating to a gain of about 6% in two years. New ...