HMBS Issuer 2015 Third Quarter League Tables – The Song Remains the Same

For the nine months ended September 2015, AAG kept its #1 HMBS Issuer title, with second place RMS just $102 million behind.  There was no ranking movement among issuers from June, although Silvergate Bank did issue one pool, raising the total number of HMBS issuers to 13, the historical high watermark for issuer count.  AAG issued $1.347 billion of securities for a 20.0% market share, RMS issued $1.245 billion for an 18.5% market share, and Urban Financial issued $1.236 billion for an 18.3% market share.  RMF and Liberty rounded out the Top-5 issuers with $974 million and $804 million respectively.  The Top-5 issuers accounted for more than 83% of all issuance, down just slightly from last quarter’s 84%.

HMBS Issuers sold a total of $6.7 billion through three quarters, more than all of 2014’s $6.6 billion, though monthly HMBS volume has been declining since May of this year.  The all-time record for annual HMBS issuance is 2010’s $10.7 billion.

New View Advisors compiled this data from publicly available Ginnie Mae data as well as private sources.

Comments are closed.