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 Reverse Mortgage Endorsements: Best Month Since May 2018

Barring figures from February of 2019 when Home Equity Conversion Mortgage (HECM) endorsements shot up due to a correction after the 2018-19 partial federal government shutdown, October 2019 was the strongest month for HECM endorsements since May 2018, attributed to a favorable interest rate environment. This is according to new HECM analytics data 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 […]

September HMBS Data Continues Showing Strength of Low Rates

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $610 million in September as lower interest rates continue to strengthen new production, however the total issuance figure is slightly lower than the one observed in August’s data. This is according to publicly available Ginnie Mae data and private sources compiled by New […]

August HMBS Data Shows Benefits of Lower Interest Rates

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled $637 million in August, with lower interest rates strengthening new production. This is according to publicly available GNMA data and private sources compiled by New View Advisors. August saw 93 pools issued, which included approximately $390 million of new unseasoned Home Equity Conversion Mortgage […]

The Fed Rate Cut: Three Areas of Reverse Mortgage Impact

Last week, the Federal Reserve announced that it would be cutting interest rates for the first time since the onset of the 2008 financial crisis. The move was made in an effort to preserve the growth currently observed in the United States economy. The full effect of the rate cut is still to be determined, […]