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Read more: HECM Endorsement Analytics – May 2019HUD released its May 2019 HECM Endorsement Summary Reports today, our summary of which can be found here: NVA Endorsement Report 2019_05. There were a total of 2,697 endorsements, in line with average monthly volume since the beginning of 2019. However, year over year, endorsements are running 20% behind last year’s totals. Regionally, the Santa Ana…
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Read more: HMBS: In the Month of May, “Gotta Find Me a Future, Move Out of My Way”The future of reverse mortgage capital markets provided the theme of last month’s NRMLA Investors Conference in New York. In the month of May, HMBS issuers provided a glimpse of the future, with the first HMBS platinum pools, continued stagnation in the original pool market, and more highly seasoned issuance from the melting iceberg of…
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Read more: April 2019 Part II: March Backwards continues in April – Payoffs Drive Down HMBS FloatHMBS float fell again in April as a big payoff total continued to outweigh issuance. With over $985 million in payoffs and a continued drought of new issuance, total outstanding HMBS ended the month just over $54.3 billion, down over $2 billion from its peak a year ago. HMBS float had been range-bound between just…
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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…