{"id":2193,"date":"2023-04-03T17:55:42","date_gmt":"2023-04-03T21:55:42","guid":{"rendered":"https:\/\/www.newviewadvisors.com\/commentary\/?p=2193"},"modified":"2023-04-03T17:55:43","modified_gmt":"2023-04-03T21:55:43","slug":"2023q1-hmbs-issuer-league-tables-consolidation-is-here","status":"publish","type":"post","link":"https:\/\/newviewadvisors.com\/commentaries\/2023\/04\/03\/2023q1-hmbs-issuer-league-tables-consolidation-is-here\/","title":{"rendered":"2023Q1 HMBS Issuer League Tables \u2013 Consolidation Is Here"},"content":{"rendered":"<p>What a difference a quarter makes. With FAR\u2019s acquisition of AAG, and RMF\u2019s bankruptcy, FAR is now the lead HMBS issuer with $629 million issued and a commanding 42.7% market share. Longbridge is second, with $313.4 million issued and 21.3% market share, PHH is third with $231.2 million issued and 15.7% market share, and Mutual of Omaha is fourth with $155.4 million issued and 10.6% market share. The Top Four &#8211; formerly the Top Five &#8211; issuers account for 90% of all HMBS issuance.<\/p>\n<p>2023Q1 saw $1.472 billion of HMBS issued, a run rate of less than $6 billion for calendar year 2023, what would be just 42% of 2022\u2019s nearly $14 billion record issuance tally. There were only nine HMBS issuers during the quarter, the lowest issuer count since the earliest days of the program.<\/p>\n<p>New View Advisors compiled these rankings from publicly available Ginnie Mae data as well as private sources.<a href=\"https:\/\/www.newviewadvisors.com\/commentary\/wp-content\/uploads\/2023\/04\/HMBS-Leagues-Tables-2023Q1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2197\" src=\"https:\/\/www.newviewadvisors.com\/commentary\/wp-content\/uploads\/2023\/04\/HMBS-Leagues-Tables-2023Q1.png\" alt=\"\" width=\"524\" height=\"236\" srcset=\"https:\/\/newviewadvisors.com\/commentaries\/wp-content\/uploads\/2023\/04\/HMBS-Leagues-Tables-2023Q1.png 1118w, https:\/\/newviewadvisors.com\/commentaries\/wp-content\/uploads\/2023\/04\/HMBS-Leagues-Tables-2023Q1-300x135.png 300w, https:\/\/newviewadvisors.com\/commentaries\/wp-content\/uploads\/2023\/04\/HMBS-Leagues-Tables-2023Q1-768x346.png 768w, https:\/\/newviewadvisors.com\/commentaries\/wp-content\/uploads\/2023\/04\/HMBS-Leagues-Tables-2023Q1-1024x462.png 1024w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What a difference a quarter makes. With FAR\u2019s acquisition of AAG, and RMF\u2019s bankruptcy, FAR is now the lead HMBS issuer with $629 million issued and a commanding 42.7% market share. Longbridge is second, with $313.4 million issued and 21.3% market share, PHH is third with $231.2 million issued and 15.7% market share, and Mutual [&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-2193","post","type-post","status-publish","format-standard","hentry","category-hmbs"],"_links":{"self":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/2193","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=2193"}],"version-history":[{"count":2,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/2193\/revisions"}],"predecessor-version":[{"id":2198,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/2193\/revisions\/2198"}],"wp:attachment":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/media?parent=2193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/categories?post=2193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/tags?post=2193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}