HECM volume slips in August, with the ‘Big 3’ holding a 62% market share
Conversely, HMBS issuance rose to $537 million across 65 pools
Conversely, HMBS issuance rose to $537 million across 65 pools
BELLINGS Intelligence Score: 12
Why it matters
The slip in HECM volume and concentration of market share among the 'Big 3' is routine mortgage market activity with limited immediate impact on credit markets or systemic risk.
Sources
HousingWire
HECM volume slips in August, with the ‘Big 3’ holding a 62% market share
Conversely, HMBS issuance rose to $537 million across 65 pools