Annual report [Section 13 and 15(d), not S-K Item 405]

Concentrations of Risk (Tables)

v3.25.0.1
Concentrations of Risk (Tables)
 12 Months Ended
Dec. 31, 2024
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk The table below provides the percentage of all reverse loans in the Company’s Consolidated Statements of Financial Condition by the location in which the home securing the loan is located, and is based on remaining UPB. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
December 31, 2024 December 31, 2023
California 44  % 43  %
Florida 6  % 6  %
New York 5  % 6  %
Texas 5  % 5  %
Colorado 5  % 4  %
Other 35  % 36  %
Total 100  % 100  %
The Company’s non-agency reverse mortgage loan concentration, based on remaining UPB, is presented in the following table. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
December 31, 2024 December 31, 2023
California 74  % 75  %
Other 26  % 25  %
Total 100  % 100  %
The following table provides the percentage of reverse mortgage loans in the Consolidated Statements of Financial Condition that are insured by the FHA compared to non-agency reverse mortgages.
December 31, 2024 December 31, 2023
Agency 68  % 70  %
Non-agency 32  % 30  %
Total 100  % 100  %
The table below provides the percentage of securitized HECM buyouts in the Company’s Consolidated Statements of Financial Condition by the location in which the home securing the loan is located, and is based on remaining UPB. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
December 31, 2024 December 31, 2023
New York 23  % 22  %
Texas 10  % 9  %
California 9  % 9  %
Florida 7  % 6  %
Puerto Rico 6  % 12  %
Pennsylvania 5  % 4  %
Other 40  % 38  %
Total 100  % 100  %