Secondary Markets

Outstanding HMBS increased by $141 million in September, as payoffs rose and new issuance remained strong. Payoffs were just under $880 million, despite the continued fall of mandatory … more HMBS September 2020 Part II: HMBS Supply Rises, For Now

By Weiner Brodsky Kider, PC   In NRMLA’s September 24 Weekly Report to Members, NRMLA notified Members that it had submitted comments to Ginnie Mae responding to the … more Ginnie Mae LIBOR Update

AAG maintained its #1 HMBS issuer ranking through three quarters of 2020 with nearly $2 billion of issuance and 26.3% market share. Longbridge leapfrogged into second place for … more 2020Q3 HMBS Issuer League Tables – AAG Heading into the Stretch

HMBS issuance totaled $883 million in September 2020, marking another banner month, but overshadowed by Ginnie Mae’s announcement ending LIBOR as an index for new HMBS pools backed … more HMBS September 2020: Sorrow for the Lost LIBOR; Quoth Ginnie Mae: “Nevermore”

NRMLA submitted comments to Ginnie Mae this week that responded to the agency’s recent actions to prohibit LIBOR-based loan pools in HECM Mortgage-Backed Securities beginning January 1, 2021. … more NRMLA Submits Comments to GNMA On APM 20-12

Outstanding HMBS rose by about $146 million in August, as payoffs fell and issuance continued strong. Payoffs totaled just under $860 million, as mandatory purchases continued to fall. … more HMBS August 2020 Part II: HMBS Supply Rises Again

HMBS issuance totaled $859 million in August 2020, marking another banner month. Helped by a recovered capital market and low interest rates, HMBS issuers continued a streak of … more HMBS August 2020: Summer of Love for New Issuance

Outstanding HMBS rose by about $686 million in July, as payoffs fell and issuance continued to grow. Payoffs totaled approximately $877 million, as mandatory purchases continued to fall. … more HMBS July 2020 Part II: About That Equilibrium …

Outstanding HMBS fell by $15 million in June, as payoffs rose and issuance remained strong. Payoffs totaled approximately $927 million, consistent with average monthly payoffs over the last … more HMBS June 2020 Part II: HMBS Float Remains in Equilibrium Just Above $54 Billion

Outstanding HMBS rose $150 million in May, as payoffs fell and issuance remained strong. Payoffs totaled approximately $770 million, down about $20 million from last month. Total outstanding … more HMBS May 2020 Part II: Float Remains in Equilibrium Just Above $54 Billion