Pandemic Reverse Mortgage Draws on Par with Previous Economic Shocks

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 Stabilizing Post-Coronavirus Shock

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 […]

Reverse Mortgage Pricing Fluctuates During Coronavirus Pandemic

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 […]

Reverse Mortgage Securities Production Dips Slightly in February

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. […]

Reverse Mortgage Securities Production Starts Strongly in January

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 […]

Private Reverse Mortgage Volume Inches Closer to HECM

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 […]

Low Interest Rates Continue Fueling HMBS Production in November

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 […]

October HMBS Production Strengthened Again by Low Rates

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $642 million in October as lower interest rates continue to strengthen new production, with the total issuance figure rising $32 million higher than the one observed in September’s data. This is according to publicly available Ginnie Mae data and private sources compiled by […]

New Reverse Mortgage Report Offers Competitive Insight into HMBS

A new report aims to provide additional insight into the Home Equity Conversion Mortgage (HECM) marketplace by offering a look at which HECM mortgage-backed securities (HMBS) issuers buy HECM loans from which lenders. The newly-created “Who Buys What From Whom” (WBWFW) report by financial services advisory firm New View Advisors compiles publicly available Government National […]

AAG, Longbridge Take Top Spots for Reverse Mortgage Securities Issuance

American Advisors Group (AAG) has retained its leading position as the top issuer of Home Equity Conversion Mortgage-backed securities (HMBS) in Q3 2019, with $1.38 billion of issuance leading to 23% of market share. This is according to publicly available GNMA data and private sources compiled by New View Advisors. The top five issuers are […]