Total HMBS payoffs in April increased from March; 1-mo prepayment speeds were 18.5% per annum compared to March’s 18.0% per annum. Outstanding HMBS decreased by $145 million to $57.5 billion – the 23rd decrease in the last 27 months. Finance of America is the issuer of record for $17.8 billion or 30.9 of all outstanding…

HECM Mortgage-Backed Securities (“HMBS”) issuance in April totaled $535 million, $48 million higher than March’s $487 million. 81 pools were issued in April, eleven more than in March. FAR was the top issuer in April with $171 million – an increase of $20 million from March’s $151 million. Issuance from Longbridge increased to $124 million…

Total HMBS payoffs in March increased from February; 1-mo prepayment speeds were 18.0% per annum compared to February’s 17.3% per annum. Outstanding HMBS decreased by $159 million to $57.6 billion – the 22nd decrease in the last 24 months. Finance of America is issuer of record for $17.8 billion or 30.8% of all outstanding HMBS,…

FAR remains lead HMBS issuer in 2025Q1 with $436 million issued and 28% market share. Longbridge stayed in second, with $357 million issued and 23% market share. PHH and Mutual of Omaha swapped places again for third, with PHH issuing $309 million for a 20% market share, and MOO issuing $281 million for an 18%…

HECM Mortgage-Backed Securities (“HMBS”) issuance in March totaled $487 million, $17 million higher than February’s $470 million, although lower by day count. 70 pools were issued in March, seven fewer than February. FAR was the top issuer again in March with $151 million – an increase of $26 million from February’s $125 million. Issuance from…

Total HMBS payoffs in February increased from January; 1-mo prepayment speeds were 17.3% per annum compared to January’s 16.5% per annum. Outstanding HMBS decreased by $133 million to $57.8 billion – the twentieth decrease in the last 24 months.Finance of America is the issuer of record for $17.7 billion or 30.7% of all outstanding HMBS,…