Items Tagged with 'Secondary market'

ARTICLES

  • These are the top issuers of reverse mortgage-backed securities

    New View Advisors names biggest players, details low Q1 volume
    As reverse mortgage loan production steadily declines, so too has the issuance of the securities backed by this product on the secondary market. Issuers of HECM-backed securities, or HMBS, brought just under $1.7 billion to market in the first quarter of 2019, according to the latest report from New View Advisors. This is a 44% decline from last year and the lowest total in five years.
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  • 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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  • Reverse mortgage securities continue decline

    Issuance totals highlight liquidity concerns
    The latest data on HECM-backed securities shows issuance continued its decline in October, and while HMBS float last month was up slightly to $55.5 billion, most of that can be attributed to highly seasoned collateral and not to new production. This means that it’s only a matter of time before HMBS float falls below the $55 billion mark – a vector that indicates less liquidity for investors.
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  • Baseline stakes its claim in HECM space

    Offers reverse companies data and insight to fine-tune their business
    Analytics provider Baseline is staking its claim in the reverse mortgage space. The firm offers clients a deep dive into HECM data with origination trends, performance stats and endorsement info – and companies are taking note. Baseline launched two years ago, but it took time for the company to gain traction. Now, President Dan Ribler said it has picked up significant market share.
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  • HECM mortgage-backed securities data reveals low flow and lots of payoffs

    Issuance totals highlight concerns about market health
    The latest data on HECM mortgage-backed securities sheds light on issues plaguing the struggling reverse mortgage industry. A report by New View Advisors reveals a massive, record-breaking wave of payoffs and assignments to HUD. Coupled with low origination volume, this could mean HMBS float will continue to decline, raising liquidity concerns for investors.
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  • American Mortgage Consultants launches new subsidiary

    New company, TechEssential, offers solutions suite for secondary market
    American Mortgage Consultants, a residential and consumer loan mortgage industry solutions provider, recently announced the formation of a new subsidiary, TechEssential, to provide solutions to ease transactions in the secondary mortgage market. AMC's CEO Michael Franco said the new subsidiary represents AMC’s larger commitment to technology as the underpinning of its business.
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  • Pavaso names Brenda Clem EVP of capital markets

    Industry veteran advocates for eNote, eMortgage and eWarehouse adoption
    Mortgage tech provider Pavaso named Brenda Clem executive vice president of capital markets. Clem has more than 30 years of experience in operations and secondary markets and is focused on how to use technology to advance residential lending.
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  • Digital mortgages slash turn times of mortgages to secondary market

    The two parts of the digital mortgage
    The final day of the Mortgage Bankers Association Secondary conference in New York City ended with a panel of experts who spoke on the importance of the digital mortgage to the secondary market. Panelists explained that consumers aren’t the only ones who benefit from the digital mortgage and eClosing process.
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  • Sponsored By
    Optimal Blue

    Optimal Blue automates complex secondary marketing functions with expanded solution

    New features include margin management, lock management and personalization
    Optimal Blue has invested heavily in the expansion of the features and functionality available through its enterprise secondary marketing solution. Surrounding core capabilities with a powerful and robust feature set not only differentiates Optimal Blue from other providers, but enables their client base to further enhance their already sophisticated secondary marketing strategies and sustain their competitive edge.
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  • Virginia Partners Bank set to acquire majority of Johnson Mortgage Company

    Transaction takes effect on Jan. 1, 2018
    Virginia Partners Bank, a community bank that has operations in Maryland and Virginia, will soon acquire a majority interest in Johnson Mortgage Company, a residential mortgage company headquartered in Newport News, Virginia. Upon completion of the deal, Virginia Partners will own 51% of Johnson Mortgage.
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