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Read more: 2024 First Nine Months HMBS Issuer League TablesFAR keeps its pole position as lead HMBS issuer through 2024Q3, with $1.365 billion issued and 32% market share. Longbridge stays in second, with $940 million issued and 22% market share. PHH swapped places with Mutual of Omaha Mortgage to third, with $798 million issued, for a 19% market share, and MOOM was fourth with…
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Read more: HMBS September 2024: Issuers Hope for Touchdowns, Settle for Field GoalsThe HMBS new issue market increased slightly in September. HECM Mortgage-Backed Securities (“HMBS”) issuance totaled $500 million, $6 million higher than August’s $494 million. 79 pools were issued in September – two more than August. HMBS Issuance remains near historical lows, comparing monthly issuance dating back to 2010. Ginnie Mae circulated for comment June 27th…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – August 2024The New View Advisors and Recursion August 2024 expanded HECM reverse mortgage prepayment 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 data set shows current trends in…
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Read more: HMBS August 2024 Part IITotal HMBS payoffs in August decreased from July; overall prepayment speeds were 17.4% per annum compared to July’s 18.0% per annum. Outstanding HMBS decreased by $90 million to $57.99 billion – the ninth consecutive decrease and 17th in the last 19 months. Finance of America is the issuer of record for $17.4 billion or 30.1%…
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Read more: HECM Endorsement Analytics – August 2024Endorsement count was down 3.3% in August, finishing the month with 2,200 endorsements. See our full report here:
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Read more: HMBS August 2024: Summer Breeze Puts Wind In SailsThe HMBS new issue market rebounded quite a bit in August. HECM Mortgage-Backed Securities (“HMBS”) issuance totaled $494 million, $44 million higher than July’s $450 million and just $3 million below June’s $497 million. 77 pools were issued in August, three fewer than July. Despite the bump up, HMBS Issuance remains near historical lows, comparing…
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Read more: HMBS July 2024 Part IITotal HMBS payoffs in July increased from June; overall prepayment speeds climbed to 18.0% per annum from June’s 16.7% per annum. Due to higher prepayments and lower new issuance, outstanding HMBS decreased by $173 million to $58.1 billion – the eighth consecutive decrease and the 16th in the last 18 months. Finance of America is…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – July 2024The New View Advisors and Recursion July 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…
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Read more: HECM Endorsement Analytics – July 2024Endorsement activity up 8% in July to 2,274 units. HUD’s June Endorsement Snapshot Report was just released; no material changes in wholesale origination and sponsorship activities.
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Read more: HMBS July 2024: Fireworks FizzleThe HMBS new issue market showed another sharp decrease in July. HECM Mortgage-Backed Securities (“HMBS”) issuance totaled $450 million, $47 million lower than June’s $497 million and $76 million below May’s $526 million. 80 pools were issued in July – six fewer than both June and May. HMBS Issuance remains near historical lows, comparing monthly issuance dating…