HMBS Issuance Records Increase in May, With a Catch

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) saw a jump in May to just over $855 million, managing to rise above the generally lower issuance levels observed over the course of the past few months. This was primarily due to three highly seasoned pools, according to publicly available GNMA data and private […]

April HMBS Issuance Remains Steady

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) remained steady in April at just over $567 million, remaining generally consistent with lower issuance levels observed over the course of the past few months. A few highly-seasoned pools bumped up the final figure, though only by single digits. This is according to publicly available […]

March HMBS Issuance Stays On Par With Recent Trends

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) increased slightly in March to just under $558 million, remaining generally consistent with lower issuance levels observed in recent months. However, one highly seasoned pool is credited with the slight bump in volume. This is according to publicly available GNMA data and private sources compiled […]

February HMBS Issuance Hits Lowest Level in Nearly Five Years

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) declined in February to just under $491 million, the lowest level in nearly five years following a recent downward trend, but it was also weakened further by less days in the month and a lack of any highly-seasoned pools. This is according to publicly available […]

January HMBS Issuance Signals Sluggish Year Ahead

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) declined in January to $614 million. This is down from December’s stronger showing but still maintains similar numbers to those found in recent months, which could also indicate lower volume for the year when compared with 2018. This is according to publicly available GNMA data […]

RMF Takes Top Spot for Reverse Mortgage Securities Issuance in 2018

Reverse Mortgage Funding took the top position in annual HECM Mortgage Backed Securities issuer rankings in 2018 with 41% market share and responsible for $3.92 billion of HMBS securities, according to data compiled by New View Advisors. The reverse mortgage lender, founded in 2013, was followed by AAG, Finance of America Reverse, Ocwen Loan Servicing […]

Reverse Mortgage Securities Issuance Falls in 2018, Rises Slightly in December

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) saw an annual decline over the full year of 2018, coming in at approximately $9.6 billion compared to 2017’s $10.5 billion, though the December 2018 monthly issuance total saw a slight increase to $619 million. This is according to data from GNMA and private sources […]

Live Well Sells $4B HMBS Portfolio to RMF, Peak Buyout Ends

Live Well Financial has sold the majority of its Home Equity Conversion Mortgage-backed securities (HMBS) issuance portfolio – $4 billion worth – to Reverse Mortgage Funding, LLC (RMF), according to GNMA data cited by New View Advisors in recent commentary. The acquisition places RMF as the owner of the largest HMBS issuance portfolio industry-wide, New […]

Reverse Mortgage Securities Issuance Declines Again in November

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) declined in November to approximately $298 million in issuance for the month, down from $325 million in October and $360 million in September. Total issuance hit a four-year low, at $521 million in issuance and 84 pools, according to data compiled and released by New View […]

Reverse Mortgage Securities Issuance Declines in October

Production of new reverse mortgage loan pools declined in October to roughly $325 million in issuance, down from $360 million in September and $344 million in August, according to data compiled by New View Advisors. This decline in new issuance counters recent arguments that a reverse mortgage recovery is underway following program changes implemented in […]