FAR remains lead HMBS issuer for Q3, with $1.835 billion issued and 37.4% market share. Longbridge was second, with $1.045 billion issued and 21.3% market share, PHH was third with $783.7 million issued and 16% market share, and Mutual of Omaha was fourth with $690.7 million issued and 14.1% market share. The Top Four issuers again accounted for 89% of all HMBS issuance through September.
2023Q3 saw $1.727 billion issued, barely up from Q2’s $1.703 billion, and a run rate of less than half of 2022’s nearly $14 billion record issuance tally. Of note, Guild Mortgage, formerly Cherry Creek, and Mutual of Omaha Mortgage had quarterly volume increases of 94% and 74%, respectively.
New View Advisors compiled these rankings from publicly available Ginnie Mae data as well as private sources.