| The table below provides the percentage of 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 their remaining UPB. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
December 31, 2022 |
| California |
43
|
% |
|
47 |
% |
| New York |
6
|
% |
|
7 |
% |
| Florida |
6
|
% |
|
5 |
% |
| Texas |
5
|
% |
|
4 |
% |
| Other |
40
|
% |
|
37 |
% |
| Total |
100
|
% |
|
100 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
December 31, 2022 |
| California |
75
|
% |
|
77 |
% |
| Other |
25
|
% |
|
23 |
% |
| 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, 2023 |
|
December 31, 2022 |
| Agency |
70
|
% |
|
64 |
% |
| Non-agency |
30
|
% |
|
36 |
% |
| Total |
100
|
% |
|
100 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
December 31, 2022 |
| New York |
22
|
% |
|
20 |
% |
| Puerto Rico |
12
|
% |
|
14 |
% |
| California |
9
|
% |
|
9 |
% |
| Texas |
9
|
% |
|
10 |
% |
| Florida |
6
|
% |
|
5 |
% |
| Other |
42
|
% |
|
42 |
% |
| Total |
100
|
% |
|
100 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
December 31, 2022 |
| Illinois |
31
|
% |
|
13 |
% |
| Florida |
8
|
% |
|
7 |
% |
| New Jersey |
6
|
% |
|
8 |
% |
|
|
|
|
| Texas |
5
|
% |
|
4 |
% |
| Other |
50
|
% |
|
68 |
% |
| Total |
100
|
% |
|
100 |
% |
|