The Government National Mortgage Association (GNMA, or “Ginnie Mae”) has announced new restrictions on the eligibility of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) for adjustable rate loans operating off of the London Interbank Offered Rate (LIBOR) index, effective for all HMBS issuances dated on or after January 1, 2021, nearly a year ahead of […]
The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $859 million in August as both recovered capital markets and lower interest rates continue to strengthen new production, marking a “banner month” as HMBS issuers continued to see pronounced new production totals. This is according to publicly available Ginnie Mae data and private […]
The COVID-19 coronavirus pandemic had a pronounced effect on reverse mortgage capital markets shortly after the White House announced a national emergency related to the pandemic in March, but the markets have continued to recover. That’s not to say that the industry shouldn’t remain vigilant, however. This is according to Dan Ribler, director at real […]
In spite of the prevailing perception that Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) issuers feared big draws on HECM lines of credit in March in the immediate aftermath of the COVID-19 coronavirus emergency in the United States, data released by the Government National Mortgage Association (GNMA, or “Ginnie Mae”) does not reflect that as […]
Reverse mortgage capital markets were not spared from the economic impact of the COVID-19 coronavirus pandemic shortly after a national emergency was declared in the United States. However, new data on secondary market trading of Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) appears to be showing increasing signs of stability, potentially signaling that additional stability […]
Pricing for Home Equity Conversion Mortgage (HECM) loans has been fluctuating in recent days due to the effects of the COVID-19 coronavirus pandemic, with reverse mortgage brokers and originators reporting drops in both basis points and in investor activity related to the trading of bonds and other financial products. Proprietary product pricing is also reportedly […]
The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $707 million in February as low interest rates continue to strengthen new production, though this figure is lower than the $760 million total observed in January. This is according to publicly available Ginnie Mae data and private sources compiled by New View Advisors. […]
The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $760 million in January as low interest rates continue to strengthen new production. Securitization of private reverse mortgage products is becoming a bigger factor overall, and HMBS production is up compared with recorded figures from January 2019. This is according to publicly available […]
While Home Equity Conversion Mortgage-backed securities (HMBS) production fell by 14% in calendar year 2019, the additional origination of proprietary reverse mortgages could make the amount of loans backed by new collateral roughly equal to figures recorded in 2018. Additionally, data indicates that a quarter of new origination dollars come from the proprietary reverse mortgage […]
The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $732 million in November as lower interest rates continue to strengthen new production, with the total issuance figure rising $90 million higher than the one observed in October’s data. This is according to publicly available Ginnie Mae data and private sources compiled by […]
