Secondary Markets

Outstanding HMBS fell by $182 million in September, as strong payoffs outweighed a decent issuance month. Payoffs once again totaled just under $1 billion. Total outstanding HMBS fell … more HMBS September 2019 Part II: HMBS Float Falls Again

AAG remains the frontrunner HMBS issuer for the third quarter of 2019, with $1.38 billion of issuance and 23% market share. Note AAG’s totals are all new originations, … more 2019Q3 HMBS Issuer League Tables – Two Can Play That Game

HMBS issuance totaled nearly $610 million in September, as lower rates continued to strengthen new production. 83 pools were issued in September, including about $393 million of new … more HMBS September 2019: Back to School Special

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

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

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 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

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

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

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”