FAR keeps the crown as lead HMBS issuer for 2023, with $2.39 billion issued and 36.9% market share. Longbridge was second, with $1.39 billion issued and 21.5% market share, PHH was third with $1.05 billion issued and 16.3% market share, and Mutual of Omaha was fourth with $967.5 million issued and 14.9% market share. Rank order was unchanged during the quarter. The Top Four issuers accounted for almost 90% of all HMBS issuance in 2023.
2023Q4 saw $1.58 billion issued, down from Q3’s $1.72 billion, for total annual issuance of $6.485 billion. As mentioned in previous blogs, 2023 produced less than half of 2022’s record $14 billion of HMBS issuance.
New View Advisors compiled these rankings from publicly available Ginnie Mae data as well as private sources.
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