2022 First Nine Months HMBS Issuer League Tables – Quarterly Volume Off 29%

AAG is still the #1 HMBS issuer in Q3, with $2.588 billion HMBS and 22.2% market share. FAR remains close behind in second, issuing $2.361 billion for a 20.3% market share. Longbridge stays in third with $2.128 billion issued and 18.3% market share, RMF is still fourth with $1.995 billion issued and 17.1% market share, and PHH rounds out the Top Five again, with $1.508 billion issued for a 12.9% market share.

The Top Five issuers accounted for 91% of all HMBS issuance, down two percent from last quarter. Cherry Creek returned to the market issuing $80 million during the quarter and increasing the number of issuers back to 13. Mutual of Omaha Mortgage moved up another notch to #6, continuing its issuance trend, also helping to explain the continued drop in aggregate volume for the Top Five issuers.

2022Q3 saw $3.15 billion of HMBS issued, down a significant 29% from last quarter’s record $4.42 billion, breaking the six consecutive quarters record issuance streak. However, as mentioned in recent blogs, even with the anticipated issuance slowdown, total 2022 volume could still surpass 2021’s $13.2 billion issuance record.

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

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