New View Advisors Introduces Pool Level HMBS Prepayment Data

Starting with the February 2014 reporting period, New View Advisors is introducing monthly distribution of pool level prepayment data for every HMBS issued.  The Ginnie Mae Securities are listed by Pool Number using the Dollar Amount Method.  The Dollar Amount Method measures prepayment rates by the dollar amount repaid rather than the number of loans or participations that pay off in a given period.

Through February 2014, nearly $49.9 billion of HMBS have been issued.  The report can be found here. 

In addition to Pool Number, other data fields include CUSIP number, Issuer Name, Original Principal Balance, Unpaid Principal Balance, Loan Type, Weighted Average Coupon, Weighted Average Participation Age, Date Issued, Number of Participations, Single Monthly Mortality, and 1, 3, 6, and 12-month Constant Prepayment Rates.

Customized reports are available by subscription.

HMBS are Ginnie Mae guaranteed pass-through securities backed by pools of participations of HECMs, which are FHA-insured reverse mortgages.

New View Advisors compiled this data using publicly available Ginnie Mae sources.

 

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