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Read more: HMBS April 2019: Silent SpringHMBS issuance held steady in April 2019 at just over $567 million. April issuance was consistent with the sharply lower issuance of recent months, despite a few highly seasoned pools that bumped up issuance volume. 86 pools were issued in April, including about $300 million of new first participation pools. For comparison, HMBS issuers sold 120…
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Read more: HECM Endorsement Analytics – April 2019New View Advisors’ April 2019 HECM endorsement analytics is posted: NVA Endorsement Report 2019_04. Each month, HUD releases HECM endorsement data to the public, links to which are provided in the report’s summary. New View Advisors’ reports compile HUD’s data into user-friendly and more informative formatting. Customized reports for client-specific needs are also available upon request.…
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Read more: HMBS March 2019 Part II: March Backwards – Big Payoffs Drive Down HMBS FloatHMBS float fell again in March as a big payoff total continued to outweigh issuance. With over $950 million in payoffs and a continued drought of new issuance, total outstanding HMBS ended the month just under $54.6 billion, down about $200 million from February. HMBS float had been range-bound between just under $55 billion to…
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Read more: 2019Q1 HMBS Issuer League Tables – Look Who’s BackAfter a full year away from #1, AAG recaptured the lead HMBS issuer slot for the first quarter of 2019, with $391 million of issuance for a 23.5% market share. RMF was second, with $323.5 million issued and 19.5% market share, and FAR remained in third with $244 million issued and 14.7% market share. Ocwen…
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Read more: New View Advisors HECM Endorsement AnalyticsNew View Advisors is launching its monthly HECM endorsement report as part of our growing suite of products in the reverse mortgage industry. Each month, HUD releases HECM endorsement data to the public, links to which we have provided in the report’s summary. New View Advisors’ reports compile HUD’s data into user-friendly and more informative…
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Read more: March 2019 HMBS Issuance: Groundhog Day in MarchHMBS issuance held steady in March 2019 at just under $558 million. March issuance was consistent with the sharply lower issuance of recent months, despite one highly seasoned pool that bumped up volume. 88 pools were issued in March, including about $277 million of new first participation pools. HMBS float shrinkage will continue as March’s…
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Read more: February 2019 Part II: HMBS Still Can’t Drive … 55 (Billion)HMBS float fell as predicted to less than $55 billion in February as payoffs continue to outweigh falling issuance. Once again with just over $900 million in payoffs, and a continued drought of new issuance, total outstanding HMBS ended the month at $54.8 billion, down over $225 million from January. HMBS float has been range-bound…
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Read more: February 2019: Groundhog Day for HMBS Market – Long Winter Ahead?HMBS issuance fell in February 2019 to just under $491 million, the lowest issuance level in nearly 5 years. February issuance was consistent with the sharply lower issuance trend of recent months, made even weaker due to February’s low day count and lack of any highly seasoned pools. 82 pools were issued in February, including…
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Read more: SASCO 2006-RM1: Proprietary Reverse Mortgage Goes Four-for-Four as Winning Streak ContinuesStructured Asset Securities Corporation Reverse Mortgage Loan Trust Series 2006-RM1 (“SASCO 2006-RM1”) recently became the fourth SASCO securitization trust of proprietary reverse mortgages to pay off completely. The remaining bondholders received their final payments on February 25, 2019; all bondholders received their principal and interest payments in full. The trust was created in August 2006…
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Read more: January 2019 Part II: HMBS Can’t Drive … 55 BillionHMBS float fell again in January as big payoffs continued to outweigh falling issuance. With just over $900 million in payoffs, total outstanding HMBS ended the month at $55.031 billion, down about $100 million from December. While HMBS float has been range-bound between $55 billion and $57 billion for over two years, it will likely…