FAR remains lead HMBS issuer in 2025Q1 with $436 million issued and 28% market share. Longbridge stayed in second, with $357 million issued and 23% market share. PHH and Mutual of Omaha swapped places again for third, with PHH issuing $309 million for a 20% market share, and MOO issuing $281 million for an 18% market share. There were nine issuers in the quarter, down two from last year. The Top Four issuers continue to account for approximately 90% of HMBS issuance volume.
New View Advisors compiled these rankings from publicly available Ginnie Mae data as well as private sources.
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