HMBS payoffs fell again in January, as the refinancing retreat continues. January payoffs totaled about $756 million, the lowest payoff amount in nearly 6 years and the lowest … more HMBS January 2023 Part II: Issuer 42 to the Rescue (Part II)
HECM Mortgage-Backed Securities (“HMBS”) issuance collapsed in January to $523 million, falling for the ninth straight month. This monthly total is the lowest in nearly 3 years and … more HMBS January 2023: New Year’s Dissolution
HMBS payoffs fell again in December, as the refinancing retreat continued. December payoffs totaled about $815 million, the lowest payoff amount in 23 months and the lowest payoff … more HMBS December 2022 Part II: Issuer 42 to the Rescue
The U.S. Department of Housing and Urban Development published a proposed rule this week that would replace the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate … more HUD Publishes Proposed Rule on LIBOR Transition
HECM Mortgage-Backed Securities (“HMBS”) issuance fell in May to $1.45 billion, down from April’s record $1.6 billion, as the refinancing wave finally began to ebb. However, production remains … more HMBS May 2022: May Flowers Wither; June Gloom Looms
HMBS payoffs continued in April, as the refinancing wave diminished slightly but refused to ebb. Instead, April payoffs totaled $1.3 billion, just short of March 2022’s record $1.5 … more HMBS April 2022 Part II: April May but May June?
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HMBS issuers continued their torrid pace to start the New Year. February saw again nearly $1.4 billion in new HMBS issuance, almost setting a record for new original … more HMBS February 2022: For HMBS Issuers, Every Day is Valentine’s Day
Ginnie Mae published a LIBOR Index Transition Reference Guide to assist stakeholders in preparing for the transition away from the London Interbank Offered Rate to a replacement index … more Ginnie Mae Publishes LIBOR Index Transition Reference Guide
HMBS issuers continued their torrid pace to start the New Year. January saw nearly $1.4 billion in new HMBS, setting a record for new original loan pools for … more HMBS January 2022: New Year Continues Blizzard of New Issuance