HMBS issuance totaled $1.42 billion in July 2020, nearly a record month and the highest since February 2018. Strong new production and a large seasoned pool led the way. Helped by a continuing recovery in the capital markets and low interest rates, HMBS issuers easily surpassed June’s totals. 77 pools were issued in July. Reverse…

Outstanding HMBS fell by $15 million in June, as payoffs rose and issuance remained strong. Payoffs totaled approximately $927 million, consistent with average monthly payoffs over the last year. Total outstanding HMBS remains at $54.4 billion. Over the last year and a half, this HMBS total has been in a state of equilibrium where new…

AAG maintained its lead in 2020Q2 HMBS issuer rankings, with $1.23 billion of issuance and 27.7% market share. RMF squeaked past FAR into second, with $842.7 million issued and 19% market share. FAR at third had $829.5 million issued and 18.7% market share. PHH Mortgage stayed in fourth, with $590.6 million and 13.3% market share,…

HMBS issuance totaled $766 million in June 2020, with strong new production again leading the way. Helped by a recovery in the capital markets, HMBS issuers essentially equaled May’s strong total and surpassed May in new production issuance. 82 pools were issued in June. There were no highly seasoned pools issued. Reverse mortgage lenders weathered…

Outstanding HMBS rose $150 million in May, as payoffs fell and issuance remained strong. Payoffs totaled approximately $770 million, down about $20 million from last month. Total outstanding HMBS has inched up to $54.4 billion. Over the last 18 months, HMBS float has been in a state of equilibrium where new issuance and interest roll-up…

HMBS issuance totaled $767 million in May 2020, with strong new production leading the way. Beginning in March, the Coronavirus pandemic took its toll on the capital markets, reducing liquidity as lenders and investors pulled back. However, 91 pools were issued in May, a sharp contrast to the six year low of 77 pools in…