Secondary Markets

HMBS issuers posted a very strong April with nearly $1.1 billion in new issuance, the second month of the post-LIBOR era. February 2021 was the last month in … more HMBS April 2021: April Showers of HMBS

Outstanding HMBS rose by $159 million in February 2021, as issuers rushed to issue new LIBOR pools. February was the last month in which GNMA allowed issuance of … more HMBS February 2021 Part II: Farewell to LIBOR ARMs

HMBS issuance totaled $872 million in February 2021, as the LIBOR deadline finally arrived. February 2021 was the last month in which Ginnie Mae allowed pooling of new … more HMBS February 2021: Issuance Blizzard Ends LIBOR Era

HMBS issuance totaled $949 million in January 2021, as issuers began to wrap up securitization of new LIBOR-indexed HECM loans. January 2021 is the next-to-last month in which … more HMBS January 2021: LIBOR Hangover After Wild New Year’s Eve Party

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 … more 2020 Full Year HMBS Issuer League Tables – Consistent AAG Takes the Win

Ginnie Mae issuers have been given a brief window to once again include LIBOR-based Home Equity Conversion Mortgages into HMBS pools securitized on or before March 1, 2021. … more GNMA Extends LIBOR Securitization Deadline

Outstanding HMBS rose by about $125 million in November, as both payoffs and new issuance continued strong. Payoffs remained at about $950 million, despite the lower level of … more HMBS November 2020 Part II: HMBS Supply Rises Again

HMBS issuance totaled $956 million in November 2020, as issuers continued their mad rush to originate and securitize LIBOR-indexed HECM loans before the demise of that index. December … more HMBS November 2020: Issuers Carve Up Big LIBOR Turkey but Few Leftovers Remain

Outstanding HMBS rose by about $50 million in October, as payoffs rose and new issuance remained strong. Payoffs increased to $950 million, despite the continued fall of mandatory … more HMBS October 2020 Part II: HMBS Supply Rises, For Now

HMBS issuance totaled $879 million in October, marking another banner month overshadowed by the pending demise of LIBOR as an HMBS index. December 2020 will be the last … more HMBS October 2020: HMBS Issuers Haunted by Ghost of LIBOR