-
Read more: HMBS November 2024 Part IITotal HMBS payoffs in November decreased from October; 1-mo prepayment speeds were 14.8% per annum compared to October’s 18.8% per annum. Outstanding HMBS increased by $113 million to $57.95 billion – the first increase in 12 months and only the third in the last 22 months. Finance of America is the issuer of record for…
-
Read more: HMBS November 2024: HMBS Issuers Thankful for HMBS 2.0 and MMI HealthHECM Mortgage-Backed Securities (“HMBS”) issuance in November totaled $583 million, $15 million lower than October’s $598 million. 71 pools were issued in November, seven fewer than October. FAR was the top issuer again in November with $156 million – $14 million less than October’s $170 million. Issuance from Longbridge increased to $149 million from $125…
-
Read more: FHA’s Astonishing HECM Gains: Insurance Fund or Hedge Fund?The Federal Housing Administration’s (“FHA”) Fiscal Year 2024 reports confirm the financial strength of the Home Equity Conversion Mortgage (“HECM”) program. These reports, which include the FHA Annual Management Report (“AMR”), the Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund (“MMI Report”), and the FHA HECM Actuarial Review…
-
Read more: HECM Endorsement Analytics – October 2024Endorsement count rebounded back to 2,392 loans in October, an 11% increase over September’s volume. It is the second best month for the year, as monthly endorsement count has been hovering at approximately 2,200 loans a month. HUD’s September Endorsement Snapshot Report was just released, showing trailing 12 months FAR as most active originator, Longbridge…
-
Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – October 2024The New View Advisors and Recursion October 2024 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
-
Read more: HMBS October 2024 Part IITotal HMBS payoffs in October increased from September; 1-mo prepayment speeds were 18.8% per annum compared to September’s 16.9% per annum. Outstanding HMBS decreased by $86.5 million to $57.84 billion – the 11th consecutive decrease and the 19th in the last 21 months. Finance of America is the issuer of record for $17.5 billion or…
-
Read more: HMBS October 2024: HMBS World Serious About October Issuance, as Stronger Month Dodges Downturn. Will They Drop The Ball Next Month?HMBS Issuance remains near historical lows, comparing monthly issuance dating back to 2010, however October’s issuance was the highest since September 2023. HECM Mortgage-Backed Securities (“HMBS”) issuance totaled $598 million, $98 million higher than September’s $500 million. 78 pools were issued in October, one fewer than September. Ginnie Mae circulated for comment June 27th a…
-
Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – September 2024The New View Advisors and Recursion September 2024 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
-
Read more: HMBS September 2024 Part IITotal HMBS payoffs in September decreased from August; overall prepayment speeds were 17.1% per annum compared to August’s 17.4% per annum. Outstanding HMBS decreased by $64 million to $57.93 billion – the tenth consecutive decrease and the 18th in the last 20 months. Finance of America is the issuer of record for $17.5 billion or 30.2%…
-
Read more: HECM Endorsement Analytics – September 2024The endorsement count for September dropped by 2.1% from August, to 2,153 loans. Download our full report below. HUD’s August Endorsement Snapshot Report was released, and there have been no material changes in rankings or volume for wholesale originators and sponsors.