Secondary Markets

HMBS issuance totaled $956 million in November 2020, as issuers continued their mad rush to originate and securitize LIBOR-indexed HECM loans before the demise of that index. December … more HMBS November 2020: Issuers Carve Up Big LIBOR Turkey but Few Leftovers Remain

Outstanding HMBS rose by about $50 million in October, as payoffs rose and new issuance remained strong. Payoffs increased to $950 million, despite the continued fall of mandatory … more HMBS October 2020 Part II: HMBS Supply Rises, For Now

HMBS issuance totaled $879 million in October, marking another banner month overshadowed by the pending demise of LIBOR as an HMBS index. December 2020 will be the last … more HMBS October 2020: HMBS Issuers Haunted by Ghost of LIBOR

Outstanding HMBS increased by $141 million in September, as payoffs rose and new issuance remained strong. Payoffs were just under $880 million, despite the continued fall of mandatory … more HMBS September 2020 Part II: HMBS Supply Rises, For Now

By Weiner Brodsky Kider, PC   In NRMLA’s September 24 Weekly Report to Members, NRMLA notified Members that it had submitted comments to Ginnie Mae responding to the … more Ginnie Mae LIBOR Update

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