{"id":1148,"date":"2017-10-04T16:16:03","date_gmt":"2017-10-04T20:16:03","guid":{"rendered":"http:\/\/newviewadvisors.com\/commentary\/?p=1148"},"modified":"2017-10-04T16:16:03","modified_gmt":"2017-10-04T20:16:03","slug":"hmbs-issuer-rankings-2017q3-active-issuer-count-hits-new-high-water-mark","status":"publish","type":"post","link":"https:\/\/newviewadvisors.com\/commentaries\/2017\/10\/04\/hmbs-issuer-rankings-2017q3-active-issuer-count-hits-new-high-water-mark\/","title":{"rendered":"HMBS Issuer Rankings 2017Q3 \u2013 Active Issuer Count Hits New High Water Mark"},"content":{"rendered":"<p>AAG remains the leading HMBS Issuer for the first nine months of 2017, issuing $1.718 billion of securities for a 23.6% market share, $407 million over #2 Finance America Reverse\u2019s $1.311 billion and 18.0% market share. AAG\u2019s market share dropped marginally over 2017Q2, and FAR narrowed the gap by 1.3%. Reverse Mortgage Funding stayed in third for the quarter with $1.181 billion issued and 16.2% market share. Ocwen Loan Servicing and Live Well Financial round out the top five issuers again. Ocwen issued $981.7 million for a 13.5% market share, and Live Well was fifth with $650.7 million issued for an 8.9% market share. There was no change in rankings from the second quarter, though Longbridge Financial entered the fray at #8 with $320.5 million issued. The top five issuers accounted for 80.1% of all issuance, down from last quarter\u2019s 81.6%. There are now 16 active HMBS issuers in the industry, a new record.<\/p>\n<p>Despite the much-reported slowdown in HECM endorsements, HMBS issuance remains robust, aided by growth in tail issuance and without highly seasoned pools. At this point, endorsement count has become a meaningless metric for gauging industry growth and health. Issuance volume totaled $7.292 billion for the first nine months of 2017, remaining on pace to surpass 2016\u2019s full year production of $9.187 billion. 2010 was the record year for HMBS with $10.7 billion of securities issued.<\/p>\n<p>New View Advisors compiled this data from publicly available Ginnie Mae data as well as private sources.<\/p>\n<p><a href=\"http:\/\/newviewadvisors.com\/commentary\/wp-content\/uploads\/2017\/10\/HMBS-2017Q3.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1151\" src=\"http:\/\/newviewadvisors.com\/commentary\/wp-content\/uploads\/2017\/10\/HMBS-2017Q3.png\" alt=\"\" width=\"525\" height=\"428\" srcset=\"https:\/\/newviewadvisors.com\/commentaries\/wp-content\/uploads\/2017\/10\/HMBS-2017Q3.png 525w, https:\/\/newviewadvisors.com\/commentaries\/wp-content\/uploads\/2017\/10\/HMBS-2017Q3-300x245.png 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AAG remains the leading HMBS Issuer for the first nine months of 2017, issuing $1.718 billion of securities for a 23.6% market share, $407 million over #2 Finance America Reverse\u2019s $1.311 billion and 18.0% market share. AAG\u2019s market share dropped marginally over 2017Q2, and FAR narrowed the gap by 1.3%. Reverse Mortgage Funding stayed in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1148","post","type-post","status-publish","format-standard","hentry","category-hmbs"],"_links":{"self":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/comments?post=1148"}],"version-history":[{"count":2,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1148\/revisions"}],"predecessor-version":[{"id":1152,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1148\/revisions\/1152"}],"wp:attachment":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/media?parent=1148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/categories?post=1148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/tags?post=1148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}