As of April 30, 2014, $47.73 billion of HMBS are outstanding, representing a growth in supply of just $200 million over March, and continuing the slowing trend detailed in last month’s report. At the current run rate, total HMBS outstandings will start to decline in July 2014. The April 2014 report can be found here.
HMBS are Ginnie Mae guaranteed pass-through securities backed by pools of participations of HECMs, which are FHA-insured reverse mortgages.
New View Advisors compiled this data using publicly available Ginnie Mae sources. Customized reports are available by subscription.