Secondary Markets

HREMIC issuance for the first half of 2017 was $5.44 billion, eclipsing 2016’s first half issuance total of $5.43 billion, and on pace to set a fourth consecutive … more HREMIC Issuance First Half 2017: A Familiar Pattern

The HMBS market shrank again in June, with another huge prepayment wave outweighing a strong month of new issuance. Nearly 2% of outstanding HMBS supply paid off as … more HMBS Blooms but June Swoon Lowers Boom: Payoffs Zoom as Shrinkage Looms

AAG remains the leading HMBS Issuer for the first half of 2017, issuing $1.132 billion of securities for a 24.4% market share, increasing by 0.42% from the first … more HMBS Issuer Rankings 2017 First Half – AAG Widens Its Lead

The HMBS market shrank again in May, with a huge prepayment wave outweighing an otherwise strong month of new issuance. Nearly 2% of outstanding HMBS supply paid off … more May Prepayments Shrink HMBS Again – Prepayments May Again Shrink HMBS

Moody’s Investors Service published ratings for a $325 million residential mortgage-backed security comprised of non-performing Home Equity Conversion Mortgages issued by Nationstar HECM Loan Trust 2017-1. The ratings … more Moody’s Rates Nationstar Non-Performing HECM Security

The HMBS market remained in supply equilibrium again in April, with high prepayment numbers balanced out by a strong month of new issuance. Issuers created 104 pools in … more HMBS April 2017: Original Supply Blooms in Spring

HREMIC issuance for 2017Q1 was $2.91 billion, surpassing 2016’s first quarter issuance total of $2.84 billion, and on pace to set a third consecutive annual record. First quarter … more HREMIC Issuance First Quarter 2017: Record Pace Continues

AAG returned as the #1 HMBS Issuer for the first quarter of 2017, issuing $538.6 million of securities for a 23.3% market share, well ahead of Finance of … more HMBS Issuer Rankings 2017Q1 – AAG Back as Number 1

The HMBS market shrank again in March for the second time in the last 4 months, with record prepayment numbers exceeding new issuance and negative amortization. Issuers created … more HMBS March 2017: Honey We Shrunk the Float, Part II

The HMBS market returned to equilibrium in February, with both new issuance and outstanding float matching previous levels. Issuers created 97 pools in February totaling nearly $713 million. … more HMBS February 2017: After January Delirium, February Equilibrium