Concentrations of Risk (Tables)

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

Schedules of Concentration of Risk

The following table presents the percentage of all reverse mortgage 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, 2025		December 31, 2024
California	44	%	44	%
Florida	6	%	6	%
New York	5	%	5	%
Colorado	5	%	5	%
Washington	5	%	4	%
Texas	4	%	5	%
Other	31	%	31	%
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, 2025		December 31, 2024
California	72	%	74	%
Other	28	%	26	%
Total	100	%	100	%

The following table presents 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, 2025		December 31, 2024
Agency	66	%	68	%
Non-agency	34	%	32	%
Total	100	%	100	%

The following table presents 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, 2025		December 31, 2024
New York	22	%	23	%
California	12	%	9	%
Texas	10	%	10	%
Florida	7	%	7	%
Pennsylvania	5	%	5	%
Puerto Rico	4	%	6	%
Other	40	%	40	%
Total	100	%	100	%