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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – September 2025The New View Advisors and Recursion September 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS September 2025: HMBS Falls AgainHECM Mortgage-Backed Securities (“HMBS”) issuance in September totaled $491 million, $11 million less than August’s $502 million. 74 pools were issued in September, one fewer than August. FAR was the top issuer in September with $151 million – a decrease of $1 million from August’s $152 million. Issuance from Longbridge was $114 million, up $3…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – August 2025The New View Advisors and Recursion August 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS August 2025 Part IITotal HMBS payoffs in August were almost identical to July; the 1-mo prepayment speed for both months was 18.2% per annum. Outstanding HMBS decreased $156 million to $56.9 billion, the 27th decrease in the last 31 months. The decline in HMBS understates the true story in outstanding HMBS and HECMs, because negative amortization of underlying…
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Read more: HECM Endorsement Analytics – August 2025HECM endorsements down 13% from July, with the August unit count at 2,062. HUD released its June Snapshot Report. Refis continue to hover around 10%. See our report below.
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Read more: HMBS August 2025: HMBS Issuance Cools OffHECM Mortgage-Backed Securities (“HMBS”) issuance in August totaled $502 million, $39 million less than July’s $541 million. 75 pools were issued in August, four fewer than July. FAR was the top issuer in August with $152 million – a decrease of $3 million from July’s $155 million. Issuance from Longbridge was $111 million, down $3…
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Read more: HMBS July 2025 Part IITotal HMBS payoffs in July increased from June; 1-mo prepayment speeds were 18.2% per annum compared to June’s 17.8% per annum. Outstanding HMBS decreased $114 million to $57.1 billion, the 26th decrease in the last 30 months. The decline in HMBS understates the true story in outstanding HMBS and HECMs, because negative amortization of underlying…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – July 2025The New View Advisors and Recursion July 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HECM Endorsement Analytics – July 2025HECM endorsements up 6% but still near historical lows, with the July unit count at 2,369. See our report below.
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Read more: HMBS July 2025: HMBS Still SweatingHECM Mortgage-Backed Securities (“HMBS”) issuance in July totaled $541 million, $31 million higher than June’s $510 million. 79 pools were issued in July, eight more than in June. FAR was the top issuer in July with $156 million – a decrease of $10 million from June’s $166 million. Issuance from Longbridge was $114 million, down…