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Read more: HECM Endorsement Analytics – October 2021October saw 5,029 HECM loans endorsed, the highest unit count since May 2020. As is the case with 2021 HMBS dollar volume, by mid-November, i.e. now, total endorsement count will exceed what was printed for all of calendar 2020. Our report can be found here: NV Endorsement 2021_10. Every top lender increased endorsements from the…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – October 2021New View Advisors and Recursion October 2021 expanded HECM reverse mortgage prepayment indices can be found here: New View Advisors Recursion Cohort Speeds 10_2021. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This new expanded set of prepayment data is calculated using dollar…
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Read more: HMBS October 2021 Part II: Record Issuance Drives HMBS SupplyOutstanding HMBS rose to a record $56.8 billion in October 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs exceeded $1 billion for the eighth month in a row. Outstanding HMBS rose by about $90 million. These big numbers, very similar to September’s totals, reflect continued high levels of refinancing.…
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Read more: HMBS October 2021: Will Refis Come Back to Haunt HMBS?HMBS issuance remained strong in October. HMBS issuers posted another $1.2 billion in total issuance volume and set another new record for new loan pools, tempered by yet another month of strong refinance activity. 102 pools were issued in October, including 50 first-participation CMT pools. Before January 2021 no new first-participation CMT pools had been…
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Read more: HECM Endorsement Analytics – September 20214,326 HECM loans were endorsed in September, bouncing back after last month to the average pace seen for the past year and half. Our report can be found here: NV Endorsement 2021_09. Of the top lenders, AAG endorsed 1,445 loans, increasing endorsement volume 21+% from August, while PHH endorsed 303 HECMs, more than doubling last…
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Read more: HMBS September 2021 Part II: Big Summer ConcludesOutstanding HMBS rose to a record $56.7 billion in September 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs once again exceeded $1 billion, for the seventh month in a row. Outstanding HMBS increased by about $106 million. These big numbers reflect continued high levels of refinancing, as low rates…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – September 2021New View Advisors and Recursion September 2021 expanded HECM reverse mortgage prepayment indices can be found here: New View Advisors Recursion Cohort Speeds 09_2021. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This new expanded set of prepayment data is calculated using dollar…
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Read more: 2021Q3 HMBS Issuer League Tables – Annual Volume Record in the CrosshairsAAG continued its #1 HMBS issuer ranking for the first nine months of 2021 with $2.585 billion of issuance and 28% market share. FAR stayed close behind in second with $1.985 billion issued and 21.4% market share. Longbridge eked past RMF to third with $1.530 billion issued and 16.5% market share. RMF at fourth had…
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Read more: HMBS September 2021: Try to Remember This Kind of SeptemberHMBS issuers posted record totals in September, with the highest monthly issuance volume this year, and another record for new loan pools. They issued just over $1.2 billion in new HMBS, as refinancing activity continued to be strong. 107 pools were issued in September, including 47 first-participation CMT pools. Before January 2021 no new first-participation…
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Read more: HMBS August 2021 Part II: Big Summer ContinuesOutstanding HMBS rose to a record $56.6 billion in August 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs once again exceeded $1 billion. Outstanding HMBS rose by about $37 million. These big numbers reflect continued high levels of refinancing, as low rates and high home prices allow more senior…