Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) created approximately $996 million in new HMBS pools during August 2016, marking the highest total seen this year, according to the latest commentary from New View Advisors. On a monthly basis, August’s HMBS issuance total grew 41% from July’s $704 million, and 36% from $730 million reported […]
Category: GNMA
Ginnie Mae-approved issuers of HECM mortgage-backed securities (HMBS) created approximately $857 million in new HMBS pools during May, a month that featured a “weak” tally in original pools mitigated by seasoned pool issuance, according to the latest New View Advisors commentary. May’s HMBS issuance exceeded April’s $775 million, but remained below its year-ago level of $874 […]
Ginnie Mae already has plans set in place to monitor its issuers’ operations, but they plan to take it to the next level, according to an article published this week on National Mortgage News. In hopes of troubleshooting more effectively in the future, the plan is to model how the liquidity of companies that issue […]
The Federal Housing Administration last week proposed several new rules for the Home Equity Conversion Mortgage (HECM) program, including interest rate caps on adjustable-rate reverse mortgages. But while FHA asserts these new changes will benefit HECM borrowers, industry members say this proposal could adversely impact the secondary market. FHA’s set of proposed rules largely aim […]
Congrats on making it to another Friday—the weekend is in sight! A lot has occurred in the past seven days, but in case you missed it, here’s what happened in reverse mortgage news this week: New Rule Offers Opportunities for Reverse Mortgage, Financial Planner Relationships—On Wednesday, the Department of Labor released its final rule amending the […]
Ginnie Mae currently has several initiatives in the works that it believes will help open the door to more reverse mortgage lenders participating in the issuance of HECM mortgage-backed securities (HMBS), according to one senior agency official. Growth in the reverse mortgage industry can mean many things. In the secondary market, growing the HECM market […]
Both monthly and annual adjustable Home Equity Conversion Mortgages (HECMs) reported steady draw rates in January consistent with previous months, according to the latest Reverse Mortgage Draw Index issued by New View Advisors this week. The Index, which New View Advisors compiled using publicly available Ginnie Mae data as well as private data sources, shows […]
Top-10 reverse mortgage industry lender Liberty Home Equity Solutions, Inc. this week announced the hiring of Dennis Loxton, CFP, CRMP, as its newest Division Sales Manager. Loxton, whose addition to Liberty became effective December 14, 2015, will oversee the company’s Southeast Retail Field Region. Formerly the Regional Vice President at 1st Financial Reverse Mortgages, Loxton […]
After a “record-smashing” November, issuance of Ginnie Mae Home Equity Conversion Mortgage mortgage-backed securities (HMBS) normalized in December as the HMBS market continues adjusting to the post-Financial Assessment era, according to the latest commentary from New View Advisors. Issuers created approximately $685 million in new HMBS pools last month, substantially less than November’s $1.2 billion […]
Issuers of Home Equity Conversion Mortgage mortgage-backed securities (HMBS) created $789 million in new HMBS pools during October, driven by a record tail issuance of $291 million and some rekindled activity from Wells Fargo, according to the latest commentary from New View Advisors. The record tail issuance includes two pools totaling nearly $100 million issued […]
