Who are the top reverse mortgage lenders? Here’s data summarized from the monthly HUD HECM activity reports for the first three months of the year showing the Top 25 producers. These lenders account for about two-thirds of total HECM loan activity. Remaining loan activity is spread among several hundred smaller lenders:

HUD Endorsed HECM Loans - Thru March 2005/2006
	Lender	2005	2006	%CHG
1	WELLS FARGO BANK NA	3,587	5,297	47.7%
2	FINANCIAL FREEDOM SENIOR FUNDI	1,414	2,164	53.0%
3	SEATTLE MORTGAGE COMPANY	588	555	-5.6%
4	LIBERTY REVERSE MORTGAGE INC	107	533	398.1%
5	BNY MORTGAGE COMPANY LLC	287	399	39.0%
6	PACIFIC REVERSE MORTGAGE INC	316	264	-16.5%
7	AMERICAN REVERSE MORTGAGE CORP	97	174	79.4%
8	AMSTON MORTGAGE	156	170	9.0%
9	GRIFFIN FINANCIAL MORTGAGE LLC	132	154	16.7%
10	REVERSE MORTGAGES OF CA IN	69	148	114.5%
11	FIRST MARINER BANK	49	147	200.0%
12	CIRCLE MORTGAGE CORPORATION	47	143	204.3%
13	ACADEMY MORTGAGE LLC	107	142	32.7%
14	SENIORS FIRST MORTGAGE COMPANY	115	135	17.4%
15	URBAN FINANCIAL GROUP	54	123	127.8%
16	LIBERTYSTREET FINANCIAL GROUP	40	120	200.0%
17	CALIFORNIA REVERSE MORTGAGE CO	91	119	30.8%
18	MERIT FINANCIAL INC	104	117	12.5%
19	AAA REVERSE MORTGAGE OF TEXAS	0	115	0.0%
20	M AND T MORTGAGE CORPORATION	111	109	-1.8%
21	VERTICAL LEND INC	27	108	300.0%
22	FIFTH THIRD BANK	0	104	0.0%
23	INDYMAC BANK FSB	0	99	0.0%
24	SEMINOLE FUNDING INC	11	99	800.0%
25	SAFEWAY MORTGAGE INC	41	54	31.7%
	HECM Endorsements by Top 25 Lenders	7,550	11,592	53.5%
	Total HECM Endorsements	11,808	18,388	55.7%
	Top 25 as Percent of Total	63.9%	63.0%

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A Few More Related Articles of Interest:

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