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Read more: 2025Q1 HMBS Issuer League TablesFAR remains lead HMBS issuer in 2025Q1 with $436 million issued and 28% market share. Longbridge stayed in second, with $357 million issued and 23% market share. PHH and Mutual of Omaha swapped places again for third, with PHH issuing $309 million for a 20% market share, and MOO issuing $281 million for an 18%…
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Read more: HMBS March 2025: Silent SpringHECM Mortgage-Backed Securities (“HMBS”) issuance in March totaled $487 million, $17 million higher than February’s $470 million, although lower by day count. 70 pools were issued in March, seven fewer than February. FAR was the top issuer again in March with $151 million – an increase of $26 million from February’s $125 million. Issuance from…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – February 2025The New View Advisors and Recursion February 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS February 2025 Part IITotal HMBS payoffs in February increased from January; 1-mo prepayment speeds were 17.3% per annum compared to January’s 16.5% per annum. Outstanding HMBS decreased by $133 million to $57.8 billion – the twentieth decrease in the last 24 months.Finance of America is the issuer of record for $17.7 billion or 30.7% of all outstanding HMBS,…
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Read more: HMBS February 2025: No Valentine Love for HMBSHECM Mortgage-Backed Securities (“HMBS”) issuance in February totaled $470 million, $118 million lower than January’s $588 million. 77 pools were issued in February, eight fewer than January. FAR was the top issuer again in February with $125 million – a decrease of $35 million from January’s $160 million. Issuance from Longbridge decreased to $107 million…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – January 2025The New View Advisors and Recursion January 2025 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS January 2025 Part IITotal HMBS payoffs in January decreased from December; 1-mo prepayment speeds were 16.5% per annum compared to December’s 18.3% per annum. Outstanding HMBS increased by $36 million to $57.9 billion – only the fourth increase in the last 24 months. Finance of America is the issuer of record for $17.7 billion or 30.6% of all…
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Read more: HMBS January 2025: A Bowl Game Nobody WatchedThe New Year began much like the previous two years for HECM Mortgage-Backed Securities (“HMBS”). Issuance in January totaled $588 million, $13 million higher than December’s $575 million. 85 pools were issued in January, ten more than December. This continues a trend in which HMBS issuance is range bound, now at a very low level,…
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Read more: New View Advisors and Recursion Reverse Mortgage Prepayment Indices – December 2024The New View Advisors and Recursion December 2024 expanded HECM reverse mortgage prepayment indices can be found below. The indices are derived from underlying HECM data in HMBS made public by Ginnie Mae, as well as private sources. This expanded set of prepayment data is calculated using dollar principal balance, not unit count. The enhanced…
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Read more: HMBS December 2024 Part II: Shrinkage Accelerates as Issuance DroopsTotal HMBS payoffs in December increased from November; 1-mo prepayment speeds were 18.3% per annum compared to November’s 14.8% per annum. Outstanding HMBS decreased by $86 million to $57.87 billion – the 20th decrease in the last 23 months. HMBS payoffs exceeded new issuance by nearly $5 billion in 2024, however due to loan roll-up and…