Reverse Mortgage Solutions continues to lead the market in home equity conversion mortgage-backed securities (HMBS), according to the latest Ginnie Mae data compiled by New View Advisors.
In total, HMBS issuance sits at approximately $3.1 billion with 482 pools for the first half of 2014.
RMS issued $774 million of securities for a 24.7% market share. Urban Financial of America, American Advisors Group, Liberty Home Equity Solutions, and Nationstar Mortgage rounded out the top five with $567.7 million, $551.5 million, $381.6 million and $233.4 million, respectively. These five originators issued 80% of all HMBS for the first half of the year.
For the same period last year, HMBS issuance totaled $4.9 billion, with RMS leading the pack. RMS has been the consistent leader of HMBS issuance the last three and a half years, New View says.
Written by Emily Study