{"id":425,"date":"2014-04-09T13:05:11","date_gmt":"2014-04-09T17:05:11","guid":{"rendered":"http:\/\/newviewadvisors.com\/commentary\/?p=425"},"modified":"2014-04-09T13:05:11","modified_gmt":"2014-04-09T17:05:11","slug":"hmbs-issuer-2014q1-league-tables-how-long-will-rms-stay-on-top","status":"publish","type":"post","link":"https:\/\/newviewadvisors.com\/commentaries\/2014\/04\/09\/hmbs-issuer-2014q1-league-tables-how-long-will-rms-stay-on-top\/","title":{"rendered":"HMBS Issuer 2014Q1 League Tables \u2013 How Long Will RMS Stay On Top?"},"content":{"rendered":"

Once again, RMS led all HMBS Issuers in the first quarter of 2014 with $414.7 million of securities for a 24% market share.\u00a0 RMS has been the consistent leader of HMBS issuance the last three years.\u00a0 Urban Financial, AAG, Liberty, and Generation rounded out the top 5 with $353.7 million, $275.0 million, $226.6 million, and $123.7 million respectively.\u00a0 There were 13 different issuers, with new entrant RMF contributing $8.5 million of HMBS this quarter.\u00a0 Despite lower volume, this is the highest number of issuers for a given quarter since the program began in 2007.\u00a0 Of the total $1.7 billion of issuance, 23% or just under $400 million were tail issuances, 111 of the 248 pools issued.<\/p>\n

Fixed rate HMBS totaled $439 million for the quarter, 26% of total issuance.\u00a0 Along with the fourth quarter of 2013, this is the lowest percentage of fixed rate HMBS issued in a quarter since the early days of Ginnie Mae\u2019s HMBS program.\u00a0 By comparison, 47% of total production was fixed rate for all of 2013, and 65% of total production was fixed rate in 2012.\u00a0 Of the $1.27 billion of adjustable rate HMBS, just $14.6 million was CMT based, the rest being LIBOR indexed HMBS.<\/p>\n

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

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

Once again, RMS led all HMBS Issuers in the first quarter of 2014 with $414.7 million of securities for a 24% market share.\u00a0 RMS has been the consistent leader of HMBS issuance the last three years.\u00a0 Urban Financial, AAG, Liberty, and Generation rounded out the top 5 with $353.7 million, $275.0 million, $226.6 million, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-425","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/425","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=425"}],"version-history":[{"count":2,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/425\/revisions"}],"predecessor-version":[{"id":433,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/posts\/425\/revisions\/433"}],"wp:attachment":[{"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/media?parent=425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/categories?post=425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newviewadvisors.com\/commentaries\/wp-json\/wp\/v2\/tags?post=425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}