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Read more: HMBS September 2016: Fall Harvest is Bumper Crop of New Collateral and Record Number of PoolsHMBS issuers created a record number 119 pools in September, this time driven by new HECM loans, not seasoned collateral or tail issuance of new balances from old loans. Production of original new loan pools increased to an impressive $623 million, up from $467 million in August. Issuance totaled approximately $836 million in September, the…
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Read more: HREMIC Issuance 2016Q3: On Pace For Record Volume (Again)HREMIC issuance for the first 9 months of 2016 was nearly $7.7 billion, surpassing the first 9 months of 2015’s $6.5 billion, a previous record. The industry remains on pace to set its second consecutive annual issuance record. There have been 21 transactions underwritten by five sponsors, Nomura, Bank of America Merrill Lynch, Barclays, RBC,…
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Read more: Summer BBQ With Seasoning: August HMBS Issuance Soars With Old CollateralHMBS issuers created approximately $996 million in new HMBS pools during August 2016, the highest total this year, but with original issuance totals typical of the post-Financial Assessment HECM origination market. Last month’s HMBS issuance total increased 41% from July’s $704 million, and 36% from August 2015’s $730 million. Issuers sold 96 pools in August…
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Read more: Hold the Fireworks: Flat Issuance and Supply Mark July HMBSHMBS issuers created approximately $704 million in new HMBS pools during July 2016, with issuance totals typical of the post-Financial Assessment HECM origination market. Last month’s HMBS issuance total increased slightly from June’s $694 million total but fell well short of July 2015’s $809 million. Issuers sold 101 pools in July 2016, divided into 49…
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Read more: No June Gloom: HMBS Issuance and Supply Remain SteadyHMBS issuers created approximately $694 million in new HMBS pools during June 2016, with issuance totals typical of the post-Financial Assessment HECM origination market. Last month’s HMBS issuance total declined from May’s $857 million total and also June 2015’s $845 million. May’s total was bolstered by highly seasoned original issuance, and last June’s HMBS numbers…
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Read more: HMBS Issuer Rankings 2016Q2 – AAG Remains the LeaderAAG stays as #1 HMBS Issuer for the first six months of 2016, with Reverse Mortgage Funding and Finance of America Reverse in second and third places, respectively. Liberty Home Equity, now issuing HMBS as Ocwen Loan Servicing, and Live Well Financial round out the top five issuers. No change in ranking order occurred this…
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Read more: HREMIC Issuance 2016Q2: Nomura’s Run – and Increased Issuance Activity – ContinuesHREMIC issuance for the first 6 months of 2016 was $5.4 billion, surpassing the first 6 months of 2015’s $4.3 billion, a previous high water mark. The industry is on pace to set its second consecutive annual issuance record. There were 14 transactions underwritten by four sponsors, Nomura, Bank of America Merrill Lynch, Barclays, and…
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Read more: The New Menu, With a Little Seasoning, for May HMBS IssuersHMBS issuers created approximately $857 million in new HMBS pools during May 2016, with a weak tally in original pools once again mitigated by seasoned pool issuance. Last month’s HMBS issuance total improved on April’s $775 million but was down slightly from May 2015’s $874 million. Issuers sold 94 pools, divided into 43 original pools…
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Read more: SASCO 2005-RM1: Proprietary Reverse Mortgage Winning Streak ContinuesStructured Asset Securities Corporation Reverse Mortgage Loan Trust Series 2005-RM1 (“SASCO 2005-RM1”) became the third securitization trust of proprietary reverse mortgage loans to pay off completely. The remaining bondholders received their final payments on March 25, 2016; all bondholders received their principal and interest payments in full. The trust was created in March 2005, and…
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Read more: It Rains, but Doesn’t Pour for April HMBS IssuersHMBS issuers created approximately $775 million in new HMBS pools during April 2016, with a weak tally in original pools mitigated by a $106 million seasoned pool. Last month’s HMBS issuance total improved on March’s $639 million but was down from April 2015’s $798 million. Issuers sold 94 pools, evenly divided into 47 original pools…