Total 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…

HECM 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…

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…