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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…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – June 2024The New View Advisors and Recursion June 2024 expanded HECM reverse mortgage prepayment indices can be found here: New View Advisors Recursion Cohort Speeds 06_2024. 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…
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Read more: HMBS June 2024 Part II: Summer DoldrumsTotal HMBS payoffs in June decreased from May; overall prepayment speeds decreased to 16.7% per annum from May’s 18.1% per annum. Outstanding HMBS decreased to $58.25 billion – the seventh consecutive decrease and the 15th of the last 17 months. Finance of America is the issuer of record of $17.3 billion or about 29.7% of…
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Read more: HECM Endorsement Analytics – June 2024After a strong May, endorsement activity gave up its gain and dropped 14.4%, back to 2,105 HECMs in June. Our full report can be found here: NV Endorsement 2024_06. HUD’s May Endorsement Snapshot Report was just released, showing no material changes in wholesale origination and sponsorship activities, or refinance volume.
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Read more: 2024 First Half HMBS Issuer League TablesFAR remains YTD lead HMBS issuer through 2024Q2, with $909 million issued and 32% market share. Longbridge stays in second, with $609 million issued and 21% market share. Mutual of Omaha Mortgage moved up a notch to third, with $524 million issued, for an 18.4% market share, and PHH was fourth with $512 million issued…