Secondary Markets

AAG maintained its #1 HMBS issuer ranking through three quarters of 2020 with nearly $2 billion of issuance and 26.3% market share. Longbridge leapfrogged into second place for … more 2020Q3 HMBS Issuer League Tables – AAG Heading into the Stretch

HMBS issuance totaled $883 million in September 2020, marking another banner month, but overshadowed by Ginnie Mae’s announcement ending LIBOR as an index for new HMBS pools backed … more HMBS September 2020: Sorrow for the Lost LIBOR; Quoth Ginnie Mae: “Nevermore”

NRMLA submitted comments to Ginnie Mae this week that responded to the agency’s recent actions to prohibit LIBOR-based loan pools in HECM Mortgage-Backed Securities beginning January 1, 2021. … more NRMLA Submits Comments to GNMA On APM 20-12

Outstanding HMBS rose by about $146 million in August, as payoffs fell and issuance continued strong. Payoffs totaled just under $860 million, as mandatory purchases continued to fall. … more HMBS August 2020 Part II: HMBS Supply Rises Again

HMBS issuance totaled $859 million in August 2020, marking another banner month. Helped by a recovered capital market and low interest rates, HMBS issuers continued a streak of … more HMBS August 2020: Summer of Love for New Issuance

Outstanding HMBS rose by about $686 million in July, as payoffs fell and issuance continued to grow. Payoffs totaled approximately $877 million, as mandatory purchases continued to fall. … more HMBS July 2020 Part II: About That Equilibrium …

Outstanding HMBS fell by $15 million in June, as payoffs rose and issuance remained strong. Payoffs totaled approximately $927 million, consistent with average monthly payoffs over the last … more HMBS June 2020 Part II: HMBS Float Remains in Equilibrium Just Above $54 Billion

Outstanding HMBS rose $150 million in May, as payoffs fell and issuance remained strong. Payoffs totaled approximately $770 million, down about $20 million from last month. Total outstanding … more HMBS May 2020 Part II: Float Remains in Equilibrium Just Above $54 Billion

HMBS issuance totaled $767 million in May 2020, with strong new production leading the way. Beginning in March, the Coronavirus pandemic took its toll on the capital markets, … more HMBS May 2020: May Production Blossoms

Outstanding HMBS rose by $185 million in April, as payoffs fell and issuance rose. Payoffs totaled approximately $800 million, down $50 million from last month. For several months, … more HMBS April 2020 Part II: Float Remains in Equilibrium Just Above $54 Billion