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
Secondary Markets
HMBS June 2018 Part II: Supply Grows Slowly, Despite Large Seasoned Issuance
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
HREMIC Issuance 2018Q2: Remarkable Resilience
HREMIC issuance for the first half of 2018 was $4.91 billion, on pace to nearly match 2016’s record $9.9 billion of securities issued. However, this volume trend is … more HREMIC Issuance 2018Q2: Remarkable Resilience
Seasoned HMBS Boon in June: Issuers Croon Old Tune to Avoid Issuance Swoon
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
2018 First Half HMBS Issuer Rankings – Seasoned Collateral Rules
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 May 2018 Part II: Reprieve Over, Supply Shrinking at Record Rate
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
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