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Read more: HECM Endorsement Analytics – June 2025HECM endorsements remain near historical lows, with the June unit count at 2,244, down again from May. See our report below.
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Read more: 2025Q2 HMBS Issuer League TablesFAR kept its lead HMBS issuer status in 2025Q2 with $933 million issued and 30% market share. Longbridge stayed in second, with $726 million issued and 23% market share. PHH and Mutual of Omaha round out the Top Four, with PHH issuing $578 million for an 18.4% market share, and MOO issuing $574 million for…
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Read more: HMBS June 2025: Summer Heat Melts HMBSHECM Mortgage-Backed Securities (“HMBS”) issuance in June totaled $510 million, $34 million lower than May’s $544 million. 71 pools were issued in June, two fewer than May. FAR was the top issuer in June with $166 million – an increase of $5 million from May’s $161 million. Issuance from Longbridge was $121 million, down $3…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – May 2025The New View Advisors and Recursion May 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 May 2025 Part II: Weak Issuance and Robust Payoffs Shrinking HMBS FloatTotal HMBS payoffs in May increased from April; 1-mo prepayment speeds were 18.9% per annum compared to April’s 18.5% per annum. Outstanding HMBS decreased by $153 million to $57.3 billion – the 24th decrease in the last 28 months. Because of the program’s negative amortization, declining outstanding HMBS balances mask the true decline in outstanding…
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Read more: HECM Endorsement Analytics – May 2025HECM endorsements remain near historical lows, with the May unit count at 2,296. See our report below. Year to date, the trailing 12 month total endorsement count has hovered around 28,000 units.
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Read more: HMBS May 2025: Spring Has Not SprungHECM Mortgage-Backed Securities (“HMBS”) issuance in May totaled $544 million, $9 million higher than April’s $535 million. 73 pools were issued in May, eight fewer than in April. FAR was the top issuer in May with $161 million – a decrease of $10 million from April’s $171 million. Issuance from Longbridge was $124 million, the…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – April 2025The New View Advisors and Recursion April 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 April 2025 Part IITotal 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…
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Read more: HECM Endorsement Analytics – April 2025