{"id":1688,"date":"2021-01-04T18:40:49","date_gmt":"2021-01-04T22:40:49","guid":{"rendered":"https:\/\/www.newviewadvisors.com\/commentary\/?p=1688"},"modified":"2021-01-04T18:40:49","modified_gmt":"2021-01-04T22:40:49","slug":"2020-full-year-hmbs-issuer-league-tables-consistent-aag-takes-the-win","status":"publish","type":"post","link":"https:\/\/newviewadvisors.com\/commentaries\/2021\/01\/04\/2020-full-year-hmbs-issuer-league-tables-consistent-aag-takes-the-win\/","title":{"rendered":"2020 Full Year HMBS Issuer League Tables \u2013 Consistent AAG Takes the Win"},"content":{"rendered":"

AAG maintained its #1 HMBS issuer ranking to lead all issuers in 2020 with $2.823 billion of issuance and 26.5% market share. This is the second consecutive year AAG has taken the crown. FAR jumped two notches into second place for the year with $1.869 billion issued and 17.55% market share. Longbridge dropped to third, just behind FAR, with $1.865 billion issued and 17.52% market share, and RMF was fourth with $1.822 billion issued and 17.1% market share. PHH Mortgage stayed in fifth for the year, with $1.352 billion and a 12.7% market share. These five issuers continue to account for 91+% of all HMBS issuance. There were 13 active HMBS issuers in 2020.<\/p>\n

2020Q4 saw $3.04 billion of HMBS issued, slightly off third quarter\u2019s $3.16 billion but up significantly from second quarter\u2019s $2.35 billion and first quarter\u2019s $2.09 billion. With HMBS capital markets recovered from the Coronavirus pandemic, HECM origination volume up, and a last-minute surge of LIBOR-based HMBS issuance before conversion to CMT, 2020 HMBS volume crossed $10.6 billion, second only to 2010\u2019s $10.8 billion. While the industry got a 12th hour, 2-month reprieve, 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 to lead all issuers in 2020 with $2.823 billion of issuance and 26.5% market share. This is the second consecutive year AAG has taken the crown. FAR jumped two notches into second place for the year with $1.869 billion issued and 17.55% market share. Longbridge dropped to third, […]<\/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-1688","post","type-post","status-publish","format-standard","hentry","category-hmbs"],"_links":{"self":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1688","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=1688"}],"version-history":[{"count":4,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1688\/revisions"}],"predecessor-version":[{"id":1696,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/1688\/revisions\/1696"}],"wp:attachment":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/media?parent=1688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/categories?post=1688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/tags?post=1688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}