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 […]

Fourth Private Reverse Mortgage Securitization Pays Off Completely

Structured Asset Securities Corporation Reverse Mortgage Loan Trust Series 2006-RM1 (SASCO 2006-RM1) became the fourth securitization trust of proprietary reverse mortgage loans to pay off completely, according to a recent New View Advisors Commentary. On February 25, 2019, the remaining bondholders received their final payments, and now all bondholders have received their full principal and […]

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 […]