Ginnie Mae Launches New Issuer Performance Measurement Tool

Ginnie Mae, the sole securitizer of home equity conversion mortgages (HECMs), has announced the launch of a risk management tool that will allow issuers to measure their performance against both program standards and peers. Single-family, multifamily and HECM-backed securities (HMBS) issuers will have access to the tool, called the Issuer Operational Performance Profile (IOPP), which […]

Reverse Mortgage Securities Issuance Off to Strong Start in 2015

Issuance of Home Equity Conversion Mortgage (HECM) mortgage-backed securities (HMBS) started 2015 on a strong note, marking the highest tally seen since December 2013, according to the most recent commentary from New View Advisors on publicly-available Ginnie Mae data. HMBS issues sold $712 million in new pools during January 2015, a 9.7% increase from December 2014’s […]

Top Issuers of Reverse Mortgage Securities in 2014 Ranked

As predicted, Home Equity Conversion Mortgage (HECM) mortgage-backed securities (HMBS) ended 2014 at a record low not seen since 2008, but the total number of pools issued during the year were a different story altogether, says new commentary from New View Advisors, which also ranks the top issuers of the year. HMBS issuers sold $6.6 […]

HREMIC Issuance Tops $5 Billion to Close 2014

HREMIC issuance reached the third highest annual volume in full-year 2014, but remained “far off” from its record year, according to the latest HREMIC rankings from New View Advisors based on publicly available Ginnie Mae data. Five different sponsors underwrote 25 transactions, totaling $5.05 billion in HREMIC issuance to close out 2014.  Bank of America […]

Friday Round-Up: The Time is Now for Reverse Mortgages

In case you missed it, here’s what happened in reverse mortgage news this week: Reverse Mortgage Program Changes Impact Americans’ Retirement Security—While reverse mortgages have been touted as tools to supplement retirement income, new data shows that more than half of today’s households lack enough income to maintain their pre-retirement standard of living.  Mortgage Professor: […]

Reverse Mortgage Daily Rewind: The Stories That Defined 2014

From principal limit factor changes and non-borrowing spouse guidance to lawsuits and the financial assessment, the reverse mortgage industry was no stranger to the news in 2014.  Reverse Mortgage Daily covered these topics — and more — which presented both challenges and opportunities for the industry as a whole.  Lenders, tech companies and analysts shared […]

Reverse Mortgage Securities Headed for Record Low Issuance in 2014

Issuers of Home Equity Conversion Mortgage (HECM) mortgage-backed securities (HMBS) posted their third-highest tally of the year in November, but it might not be enough to prevent total HMBS issuance from reaching a record-low come year’s end, according to New View Advisors’ recent commentary on Ginnie Mae data. HMBS issuers sold $628 million in new […]

Reverse Mortgage Securities Hit October Rebound, HMBS Total $690 Million

Reverse mortgage securities issuance rebounded to the second-highest monthly level they have seen all year, following lackluster performance in 2014 compared to past years, according to the latest Home Equity Conversion Mortgage Backed Securities (HMBS) issuance data from Ginnie Mae, analyzed by New View Advisors.  On a monthly basis, HMBS issuance ticked up as issuers […]

Friday Round-Up: Reverse Mortgages High on CFPB Radar

In case you missed it, here’s what happened in reverse mortgage news this week: Mortgage Originations Expect 7% Hike in 2015—The next year bodes well for mortgage originations, according to the Mortgage Bankers Association, which forecasts $1.19 trillion in originations in 2015. Refinance activity in the next year is a different story.  Investopedia: 5 Financial […]

Reverse Mortgage Securities Issuance Continues Year-over-Year Decline

Reverse mortgage securities issuance fell below $500 million in September—just one of four monthly tallies over the last five years to fall to such a level. The monthly total for September was $498 million in issuance of Home Equity Conversion Mortgage-backed securities (HMBS), according to analysis conducted by financial services firm New View Advisors. “Newly […]