2024 First Quarter HMBS Issuer League Tables

FAR remains lead HMBS issuer for 2024Q1, with $438 million issued and 33% market share. Longbridge stays in second, with $274 million issued and 21% market share, PHH was third with $247 million issued and 19% market share, and Mutual of Omaha was fourth with $234 million issued and 18% market share. There were nine issuers in Q1, with Money House and Money Source not issuing. The Top Four issuers accounted for 90% of all HMBS issuance in the first quarter.

2024Q1 saw $1.32 billion issued, down from 2023Q4’s $1.58 billion, and from 2023’s first quarter issuance of $1.47 billion.

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

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