Items Tagged with 'REVERSE MORTGAGE SECURITIES'

ARTICLES

  • Reverse mortgage securities fall to near 5-year low

    Will this downward trend right itself anytime soon?
    In a troubling sign of the poor health of the reverse mortgage market, issuance of HECM-backed securities fell to their lowest level in nearly five years. According to the latest commentary from New View Advisors, reverse mortgage issuance totaled just under $491 million in February and total outstanding HECM-mortgage backed securities fell below $55 million.
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  • Fourth securitization of proprietary reverse mortgages is completely paid off

    In a solid sign of a promising market, investors pocket their principal and interest in full
    A securitized pool of proprietary reverse mortgages paid off completely last week, becoming the fourth pool to close out. New View Advisors said the successful conclusion of another Lehman Brothers' pool is welcome news for those investing in today's proprietary reverse market, which has ramped up in the last year after a long hiatus.
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  • Reverse mortgage securities continue downward march

    January issuance hovers near 4-year lows
    The reverse mortgage securities market continues to show the side effects of the HECM product's rough year. Issuance for HECM mortgage-backed securities, or HMBS, fell to just under $614 million in January, down from December’s $619 million, according to recent data from New View Advisors. The numbers reflect a tough year for HMBS, which closed out 2018 with $9.6 billion, a drop from 2017's $10.5 billion.
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  • Reverse mortgage securities market shrinks

    Will lower HMBS float scare off investors?
    Reverse mortgage volume has taken a nosedive in the past year, a fact that is glaringly evident by the product's performance in the secondary market. The latest from New View Advisors reveals that outstanding float of HECM-mortgage backed securities has fallen yet again. "At some point, declining float could affect HMBS liquidity and therefore pricing," said New View Partner Michael McCully.
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