HMBS: Volume Spikes in July 

Monthly issues of Ginnie Mae HECM Backed Mortgage Securities (HMBS) continued a see saw pattern with total volume increasing to $969 million in July. Since April 2010, monthly issues of HMBS have fallen into a four month pattern where total volume increases for three consecutive months before falling backing.  The jump in July of $168 million over June’s volume of $801 million marked the second consecutive increase since volume from dropped from $1.029 billion in April to $771 million in May. During this period the amount of HMBS issues have fallen between a range of $686 million in May 2010