HMBS Issuer Rankings 2016Q1 – AAG Increases Market Share

AAG remained the #1 HMBS Issuer for the first quarter of 2016, with Reverse Mortgage Funding and Finance of America Reverse in second and third places, respectively. Liberty Home Equity, now issuing HMBS as Ocwen Loan Servicing, and Live Well Financial rounded out the top five issuers. RMS came in sixth. AAG issued $462.7 million of securities for a 22.5% market share, the highest concentration of market share since RMS’s 22.9% in 2014. RMF issued $373.1 million for an 18.1% market share, and Finance of America issued $345.0 million for a 16.8% market share. Liberty and Live Well were just $4.4 million apart in fourth and fifth places with $233.2 million and $228.7 million, 11.3% and 11.1%, respectively.

The top five issuers accounted for 79.8% of all issuance, up slightly from last year’s 77.6%. Issuance volume totaled $2.059 billion for the first quarter of 2016, just $51.3 million more than 2015Q1’s $2.007 billion.

HMBS Issuers sold a total of $9.5 billion in 2015, 44% more than 2014’s $6.6 billion. 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.

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