New View Advisors is pleased to provide the latest edition 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 March 2026 at $344 million, and 1st quarter 2026 production at just under $953 million. This represents substantial growth compared to 1st quarter 2025 production of proprietary reverse mortgages which totaled just under $470 million.
Meanwhile, new FHA insured reverse mortgage production (the Home Equity Conversion Mortgage, or “HECM”), posted only about $260 million in March, and just over $875 million the first quarter of 2026.
In our prior quarterly release, we estimated 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. With the recent surge in proprietary origination (accompanied by successful securitizations), the proprietary share grew to 52% for the 1st quarter of 2026.
At this rate, proprietary loans could propel reverse mortgage industry totals to above $7 billion or even $8 billion in 2026, even without growth in the HECM sector.
(Editor’s note: The following is reprinted with permission from New View Advisors, which constructed this index 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.)
