Secondary Markets

HMBS issuance totaled $872 million in February 2021, as the LIBOR deadline finally arrived. February 2021 was the last month in which Ginnie Mae allowed pooling of new … more HMBS February 2021: Issuance Blizzard Ends LIBOR Era

HMBS issuance totaled $949 million in January 2021, as issuers began to wrap up securitization of new LIBOR-indexed HECM loans. January 2021 is the next-to-last month in which … more HMBS January 2021: LIBOR Hangover After Wild New Year’s Eve Party

AAG maintained its #1 HMBS issuer ranking to lead all issuers in 2020 with $2.823 billion of issuance and 26.5% market share. This is the second consecutive year … more 2020 Full Year HMBS Issuer League Tables – Consistent AAG Takes the Win

Ginnie Mae issuers have been given a brief window to once again include LIBOR-based Home Equity Conversion Mortgages into HMBS pools securitized on or before March 1, 2021. … more GNMA Extends LIBOR Securitization Deadline

Outstanding HMBS rose by about $125 million in November, as both payoffs and new issuance continued strong. Payoffs remained at about $950 million, despite the lower level of … more HMBS November 2020 Part II: HMBS Supply Rises Again

HMBS issuance totaled $956 million in November 2020, as issuers continued their mad rush to originate and securitize LIBOR-indexed HECM loans before the demise of that index. December … more HMBS November 2020: Issuers Carve Up Big LIBOR Turkey but Few Leftovers Remain

Outstanding HMBS rose by about $50 million in October, as payoffs rose and new issuance remained strong. Payoffs increased to $950 million, despite the continued fall of mandatory … more HMBS October 2020 Part II: HMBS Supply Rises, For Now

HMBS issuance totaled $879 million in October, marking another banner month overshadowed by the pending demise of LIBOR as an HMBS index. December 2020 will be the last … more HMBS October 2020: HMBS Issuers Haunted by Ghost of LIBOR

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