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Read more: New View Advisors 2025Q4 Proprietary Production Index: Volume Closes in on HECM as Monthly Production Tops $250 MillionNew View Advisors is pleased to provide the second installment of its new index product, the Proprietary Reverse Mortgage Production Index. The index is a quarterly index of the dollar amount of newly originated proprietary reverse mortgage loans in the United States. We estimate Proprietary Reverse Mortgage Production for December 2025 at $250 million, 4th…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – December 2025The New View Advisors and Recursion November 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS December 2025 Part IITotal HMBS payoffs in December were 1.2% higher than November; the 1-mo prepayment speed for December was 17.6% per annum compared to November’s 16.4% per annum. Outstanding HMBS decreased $156 million to $56.43 billion, the 31st decrease in the last 35 months. The decline in HMBS understates the true story in outstanding HMBS and HECMs…
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Read more: HECM Endorsement Analytics – December 2025The December HECM endorsement summary report shows 2,186 endorsements, closing out calendar year 2025 with a modest 26,843 units. HUD has not released an updated Snapshot Report since June. See our report below.
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Read more: What a Difference a Decade Makes – Full Year HMBS Issuer League Tables Then and NowFAR kept its lead HMBS issuer status for all of 2025 with $1.87 billion issued and 30% market share. Longbridge stayed in second, with $1.44 billion issued and 23% market share. Mutual of Omaha and PHH swapped places, with MoO in 3rd issuing $1.16 billion for a 19% share, and PHH fourth issuing $1.09 billion…
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Read more: HMBS December 2025: HMBS Has A Blue ChristmasHECM Mortgage-Backed Securities (“HMBS”) issuance in December totaled $481 million, $36 million less than November’s $517 million. 65 pools were issued in December, one more than November. FAR was the top issuer in December with $149 million – a decrease of $19 million from November’s $168 million. Issuance from Longbridge was $120 million, down $4…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – November 2025The New View Advisors and Recursion November 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS November 2025 Part IITotal HMBS payoffs in November were 1.6% lower than October; the 1-mo prepayment speed for November was 16.4% per annum compared to October’s 18.0% per annum. Outstanding HMBS decreased $50.4 million to $56.59 billion, the 30th decrease in the last 34 months. The decline in HMBS understates the true story in outstanding HMBS and HECMs…
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Read more: New View Advisors’ Response to HUD RFIDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Future of the HECM and HMBS Programs and Opportunities for Innovation in Accessing Home Equity Request for Information December 1, 2025 NEW VIEW ADVISORS’ RESPONSE Introduction New View Advisors is pleased to reply to HUD’s Request For Information (“RFI”) regarding its Home Equity Conversion Mortgage (“HECM”) and HECM MBS…
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Read more: HECM Endorsement Analytics – November 2025The November HECM endorsement summary report shows 3,905 endorsements, a two-month total due to the government shutdown. HUD has not released an updated Snapshot Report since June. 2025 appears headed towards a 27,000 unit count year. See our report below.