HECM Mortgage-Backed Securities (“HMBS”) issuance in June totaled $456 million, $44 million less than May’s $500 million and $54 million less than June 2025’s $510 million total. 57 pools were issued in June, six fewer than in May. June issuance ranks approximately tenth lowest in terms of monthly issuance since 2009 but is the second…

Total HMBS payoffs in May were 0.6% lower than April; the 1-mo prepayment speed for May was 15.6% compared to April’s 16.2%. Outstanding HMBS decreased by $22.8 million to $56.20 billion, the 35th decrease in the last 40 months. The decline in HMBS understates the true story in outstanding HMBS and HECMs because negative amortization…

HECM Mortgage-Backed Securities (“HMBS”) issuance in May totaled $500 million, $25 million less than April’s $525 million and $44 million less than May 2025’s $544 million total. 63 pools were issued in May, four fewer than in April. May issuance ranks approximately eighteenth in terms of monthly issuance since 2009 but is the lowest volume…

Total HMBS payoffs in April were the same as March; the 1-mo prepayment speed for both months was 16.2% per annum. Outstanding HMBS decreased by $38.6 million to $56.22 billion, the 34th decrease in the last 39 months. The decline in HMBS understates the true story in outstanding HMBS and HECMs because negative amortization of…

HECM Mortgage-Backed Securities (“HMBS”) issuance in April totaled $525 million, $84 million more than March’s $441 million and $10 million less than April 2025’s $535 million total. 67 pools were issued in April, one more than in March. April issuance ranks approximately twentieth in terms of monthly issuance since 2009 but there have only been…