Secondary Markets

Outstanding HMBS rose to a record $56.6 billion in August 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs once again exceeded $1 … more HMBS August 2021 Part II: Big Summer Continues

HMBS issuers posted another strong month in July with just over $1.1 billion in new issuance, as refinancing activity continued to be strong.  106 pools were issued in … more HMBS July 2021: Long Hot Summer

Outstanding HMBS fell to just under $56.5 billion in June, as record HECM loan payoffs outpaced issuance. HMBS payoffs exceeded $1.1 billion, a dollar amount surpassed only by … more HMBS June 2021 Part II: Refi Wave Rolls On

HMBS issuers posted a very strong April with nearly $1.1 billion in new issuance, the second month of the post-LIBOR era. February 2021 was the last month in … more HMBS April 2021: April Showers of HMBS

Outstanding HMBS rose by $159 million in February 2021, as issuers rushed to issue new LIBOR pools. February was the last month in which GNMA allowed issuance of … more HMBS February 2021 Part II: Farewell to LIBOR ARMs

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