Secondary Markets

HMBS float fell as predicted to less than $55 billion in February as payoffs continue to outweigh falling issuance. Once again with just over $900 million in payoffs, … more February 2019 Part II: HMBS Still Can’t Drive … 55 (Billion)

HMBS issuance fell in February 2019 to just under $491 million, the lowest issuance level in nearly 5 years. February issuance was consistent with the sharply lower issuance … more February 2019: Groundhog Day for HMBS Market – Long Winter Ahead?

Structured Asset Securities Corporation Reverse Mortgage Loan Trust Series 2006-RM1 (“SASCO 2006-RM1”) recently became the fourth SASCO securitization trust of proprietary reverse mortgages to pay off completely. The … more SASCO 2006-RM1: Proprietary Reverse Mortgage Goes Four-for-Four as Winning Streak Continues

HMBS float fell again in January as big payoffs continued to outweigh falling issuance. With just over $900 million in payoffs, total outstanding HMBS ended the month at … more January 2019 Part II: HMBS Can’t Drive … 55 Billion

HMBS issuance fell in January 2019 to just under $614 million, despite help from one highly seasoned pool of original collateral. January issuance was very similar to recent … more January 2019: HMBS Market Imitates Super Bowl with Low Scoring Month

HMBS float fell again in December as big payoffs continued to outweigh falling issuance.  With just over $900 million in payoffs, total outstanding HMBS ended the month at … more December HMBS 2018 Part II: Fixed A-Fixin’ For Extinction (Or At Least Constriction) Due To HUD Restrictions

RMF was the #1 start-to-finish HMBS issuer in 2018, responsible for $3.92 billion of HMBS securities, a whopping 41% market share, well ahead of second place AAG’s 20% … more 2018 HMBS Issuer Rankings – RMF Surges Ahead

HMBS issuance rose in December 2018 to just over $619 million, helped by three highly seasoned pools of original collateral. Without those three issues, December issuance was very … more December 2018 HMBS: Mostly Coal in the Stocking, Annual Issuance Falls Over $900 Million

HMBS float fell in November as big payoffs continued to outweigh falling issuance. With just under $1 billion in payoffs, total outstanding HMBS ended the month at $55.3 … more November 2018 HMBS Part II: Market Shrinkage Continues; LiveWell Portfolio Sold; Peak Buyout Ends