{"id":1638,"date":"2020-10-02T11:53:14","date_gmt":"2020-10-02T15:53:14","guid":{"rendered":"https:\/\/www.newviewadvisors.com\/commentary\/?p=1638"},"modified":"2020-10-02T11:53:14","modified_gmt":"2020-10-02T15:53:14","slug":"2020q3-hmbs-issuer-league-tables-aag-heading-into-the-stretch","status":"publish","type":"post","link":"https:\/\/newviewadvisors.com\/commentaries\/2020\/10\/02\/2020q3-hmbs-issuer-league-tables-aag-heading-into-the-stretch\/","title":{"rendered":"2020Q3 HMBS Issuer League Tables \u2013 AAG Heading into the Stretch"},"content":{"rendered":"

AAG maintained its #1 HMBS issuer ranking through three quarters of 2020 with nearly $2 billion of issuance and 26.3% market share. Longbridge leapfrogged into second place for the quarter with $1.44 billion issued and 18.9% market share. RMF dropped to third, with $1.32 billion issued and 17.3% market share, and FAR was fourth with $1.31 billion issued and 17.3% market share. PHH Mortgage fell to fifth, with $886 million and 11.7% market share. These five issuers continue to account for 91% of all HMBS issuance. There were 12 active HMBS issuers in 2020Q3.<\/p>\n

2020Q3 saw $3.16 billion of HMBS issued, up from second quarter\u2019s $2.35 billion and first quarter\u2019s $2.09 billion. With HMBS capital markets recovered from the Coronavirus pandemic, and HECM origination volume up, 2020 HMBS issuance is on trajectory for close to $10 billion. As mentioned in our previous blog, time will soon tell how Ginnie Mae\u2019s decision to end LIBOR as an index for new HMBS pools backed by first participations will affect volume.<\/p>\n

New View Advisors compiled these rankings from publicly available Ginnie Mae data as well as private sources.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

AAG maintained its #1 HMBS issuer ranking through three quarters of 2020 with nearly $2 billion of issuance and 26.3% market share. Longbridge leapfrogged into second place for the quarter with $1.44 billion issued and 18.9% market share. RMF dropped to third, with $1.32 billion issued and 17.3% market share, and FAR was fourth with […]<\/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-1638","post","type-post","status-publish","format-standard","hentry","category-hmbs"],"_links":{"self":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1638","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=1638"}],"version-history":[{"count":4,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1638\/revisions"}],"predecessor-version":[{"id":1645,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1638\/revisions\/1645"}],"wp:attachment":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/media?parent=1638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/categories?post=1638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/tags?post=1638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}