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
Secondary Markets
May 2018 HMBS: April Showers Bring … Not Many May Flowers
After a robust month in April, HMBS issuance retreated to its new normal in May. Without the help of any highly seasoned pools, HMBS fell to $579 million, … more May 2018 HMBS: April Showers Bring … Not Many May Flowers
President Nominates Michael Bright to Head Ginnie Mae
President Trump this week nominated Michael Bright, the acting president and chief operating officer of Ginnie Mae, to head the agency full-time. Ginnie has been without a permanent … more President Nominates Michael Bright to Head Ginnie Mae
HMBS April 2018 Part II: Temporary Reprieve from Supply Shrinkage; Are We at Peak Mandatory Buyout?
HMBS supply rose in April, increasing by nearly $360 million from $56.2 to $56.5 billion. High prepayments were outweighed by high issuance, including two large highly seasoned pools … more HMBS April 2018 Part II: Temporary Reprieve from Supply Shrinkage; Are We at Peak Mandatory Buyout?
April 2018 HMBS: Perennials Bloom; New Growth Sparse
HMBS issuers welcomed the sunshine of their perennial favorites: tail issuance and highly seasoned collateral, which made for a bountiful spring bloom in April. Last month’s tail pool … more April 2018 HMBS: Perennials Bloom; New Growth Sparse
2018Q1 HMBS Issuer Rankings and Other Capital Markets Trends
RMF surged to the top of the leaderboard in 2018Q1, issuing almost $1.1 billion of HMBS securities for a 36.4% market share, $491 million over #2 AAG’s $587.2 … more 2018Q1 HMBS Issuer Rankings and Other Capital Markets Trends
New Year’s Resolution: Use HMBS Data Properly
The HMBS market began 2018 much like it began 2017, with a month of just under $870 million in total new issuance and range bound in total outstanding … more New Year’s Resolution: Use HMBS Data Properly
HMBS December 2017: It Is Better to Give New Issuance than to Receive Payoffs
The HMBS market closed out 2017 with a strong month of new issuance but remains range bound in total size. Total HMBS float has been stuck between $54 … more HMBS December 2017: It Is Better to Give New Issuance than to Receive Payoffs
HREMIC Issuance 2017 Full Year: Volume Tails Off
HREMIC issuance for 2017 was $9.24 billion, 6% behind 2016’s total of $9.86 billion, but still the third highest issuance year after 2016 and 2015. Fourth quarter volume … more HREMIC Issuance 2017 Full Year: Volume Tails Off
2017 HMBS Issuer Rankings – A Busy Fourth Quarter
AAG keeps the crown as the leading HMBS Issuer for 2017, issuing $2.3 billion of securities for a 21.9% market share, $211 million over #2 Reverse Mortgage Funding’s … more 2017 HMBS Issuer Rankings – A Busy Fourth Quarter