Secondary Markets

HMBS float shrank again despite a significant decline in payoffs. Just under $1 billion in payoffs reduced HMBS float to $55.3 billion, down from about $55.5 billion at … more September 2018 HMBS Part II: Market Volume Numbers Fall in Autumn

RMF keeps its pole position after the first nine months of 2018, issuing $2.52 billion of HMBS securities for a 33.9% market share, a drop from its commanding … more 2018 First Nine Months HMBS Issuer Rankings –Volume Slows

HMBS issuance rose in September 2018 to just over $587 million, a small increase over August, but still one of the lowest issuance months in recent years. No … more September 2018 HMBS: Try to Remember That Time in September (of Last Year)

HMBS issuance rose slightly in August 2018 to just over $579 million, a small increase over July, which was the lowest issuance month in nearly four years. No … more August 2018 HMBS: Cat Has Eight Lives Left

HMBS issuance fell sharply in July 2018 to just over $542 million, the lowest issuance month in nearly four years. No highly seasoned pools were issued. In all, … more July 2018: HMBS Supply Fades Away With Summer

HMBS supply rose in June by a scant $128 million, despite a large issuance of highly seasoned new pools. We noted in previous blogs that reverse mortgage lenders … more HMBS June 2018 Part II: Supply Grows Slowly, Despite Large Seasoned Issuance

After a tepid May, HMBS issuance rose sharply in June 2018 to over $964 million with the help of more than $356 million in highly seasoned new issuance, … more Seasoned HMBS Boon in June: Issuers Croon Old Tune to Avoid Issuance Swoon

RMF remains atop the leaderboard after the first six months of 2018, issuing $2.26 billion of HMBS securities for a 39.6% market share, more than double #2 AAG’s … more 2018 First Half HMBS Issuer Rankings – Seasoned Collateral Rules

HMBS supply fell in May by a record $317 million, due to a combination of high prepayments and low issuance. We noted in previous blogs that reverse mortgage … more HMBS May 2018 Part II: Reprieve Over, Supply Shrinking at Record Rate