HMBS issuance totaled $637 million in August, as lower rates strengthened new production. 93 pools were issued in August, including about $390 million of new unseasoned HECM first … more HMBS August 2019: Issuance Does Not Take a Vacation
Secondary Markets
HMBS July 2019 Part II: HMBS Float Rises
Outstanding HMBS rose by nearly $300 million in July, helped by a large new pool backed by highly seasoned Home Equity Conversion Mortgages (“HECMs”). Payoffs once again totaled … more HMBS July 2019 Part II: HMBS Float Rises
HMBS June 2019 Part II: HMBS Float Resumes Shrinkage
Outstanding HMBS fell by nearly $200 million in June, as low issuance, high payoffs, and an absence of highly seasoned issues took their toll. Payoffs once again totaled … more HMBS June 2019 Part II: HMBS Float Resumes Shrinkage
HMBS June 2019: Is First Half Glass Empty or Will Second Half Be Glass Full
HMBS issuance fell in June 2019 to just over $561 million, ending the slowest half-year of issuance in five years, though yet another uptick in new production gave … more HMBS June 2019: Is First Half Glass Empty or Will Second Half Be Glass Full
2019Q2 HMBS Issuer League Tables – Very Little Change
AAG retains its lead HMBS issuer slot for the second quarter of 2019, with $847.4 million of issuance for a 23.3% market share. RMF stayed in second, with … more 2019Q2 HMBS Issuer League Tables – Very Little Change
HMBS May 2019 Part II: Seasoned Issuance Props up Float
Outstanding HMBS rose slightly in May, avoiding further decline thanks to some highly seasoned new issuance. Despite just under $1 billion in payoffs, total outstanding HMBS edged up … more HMBS May 2019 Part II: Seasoned Issuance Props up Float
HMBS: In the Month of May, “Gotta Find Me a Future, Move Out of My Way”
The future of reverse mortgage capital markets provided the theme of last month’s NRMLA Investors Conference in New York. In the month of May, HMBS issuers provided a … more HMBS: In the Month of May, “Gotta Find Me a Future, Move Out of My Way”
Health of the HECM Program Improving
In his keynote address at this week’s Eastern Regional Meeting in New York, Deputy HUD Secretary/Federal Housing Administration Commissioner Brian Montgomery reaffirmed his commitment to making the Home … more Health of the HECM Program Improving
April 2019 Part II: March Backwards continues in April – Payoffs Drive Down HMBS Float
HMBS float fell again in April as a big payoff total continued to outweigh issuance. With over $985 million in payoffs and a continued drought of new issuance, … more April 2019 Part II: March Backwards continues in April – Payoffs Drive Down HMBS Float
HMBS April 2019: Silent Spring
HMBS issuance held steady in April 2019 at just over $567 million. April issuance was consistent with the sharply lower issuance of recent months, despite a few highly … more HMBS April 2019: Silent Spring