FAR continued its lead HMBS issuer status in 2026Q1, for both Total and First Participation HMBS issuance, with $433 million and $255 million issued, respectively. Longbridge stayed in second, with $361 million issued and 26% market share. Of note, Longbridge continues to gain First Participation issuance market share with $237 million issued, now solidly in second ahead of Mutual of Omaha and Onity. MOO and Onity round out the Top Four issuers, with $260 million and $218 million of total production issued. There were nine issuers in the quarter, and the top four issuers continue to account for 90% of HMBS issuance volume.
New View Advisors compiled these rankings from publicly available Ginnie Mae data as well as private sources.
