In the midst of an earnings call that saw the company post a small profit, Ocwen Financial Corporation (NYSE: OCN) touted the performance of its reverse mortgage arm, Liberty Home Equity Solutions. “Our reverse mortgage lending business had a record quarter, recording a $9.8 million pre-tax profit, and the servicing business had its seventh consecutive […]
Category: HMBS
The reverse mortgage industry is currently seeing the effects of the October 2 changes on loan production, and the trend has trickled down into the securities market. Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) saw production of new, original loan pools fall to just $401 million in April, according to the most recent calculation […]
Home Equity Conversion Mortgage-backed securities (HMBS) issuance remained strong in the first quarter of 2018, with Reverse Mortgage Funding taking the top position among issuers with nearly $1.1 billion in total value for the quarter. Yet the industry should prepare for a decline ahead, notes New View Advisors in its quarterly data analysis on HMBS. […]
Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) saw lower production of new pools in January, but the market is still at a higher point than it was the same time last year. HMBS issuers generated $657 million in new production last month, according to the most recent numbers from Baseline Reverse. That’s a drop […]
