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, […]

HMBS Tops $1B in July, Live Well Exits GNMA Pools

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) rose in July to just over $1 billion, marking the third highest monthly total for new production this year. This is according to publicly available GNMA data and private sources compiled by New View Advisors. “Half of this month’s total issuance, the largest in 15 […]

HMBS Issuance Falls in June, AAG is Top Issuer in Q2

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) fell in June to just over $561 million, which marks the end of the slowest half-year of issuance in five years. This is according to publicly available GNMA data and private sources compiled by New View Advisors. The firm also recorded the top HMBS issuers […]

FHA Financial Assessment Appears to Be Working, Data Suggests

The requirement of a financial assessment (FA) of a reverse mortgage borrower’s ability to pay, now in its fifth year, is working by cutting tax and insurance defaults considerably. This is according to data analysis conducted and released Thursday by New View Advisors. “FHA’s new policy of requiring the financial assessment of the borrower’s ability […]

HMBS Issuance Records Increase in May, With a Catch

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) saw a jump in May to just over $855 million, managing to rise above the generally lower issuance levels observed over the course of the past few months. This was primarily due to three highly seasoned pools, according to publicly available GNMA data and private […]