FAR 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 an 18.3% market share. There were ten issuers in the half. 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.
