REVERSE MORTGAGE · HUD FHA HECM SNAPSHOT
FREE · PUBLICHECM reverse-mortgage origination
Who endorses FHA-insured reverse mortgages (Home Equity Conversion Mortgages), how the monthly endorsement count trends, and how each originating lender's book splits across traditional / HECM-for-Purchase / HECM-to-HECM refinance, retail vs. sponsored (wholesale/TPO), and fixed vs. adjustable. Sort the board by any metric. Built from HUD's public FHA HECM Snapshot. Dec 2021 – May 2026.
HECMs endorsed
157,949
53 months
HECM originating lenders
4,756
ranked below
HECM average note rate
5.63%
reported loans
HECM average initial principal limit
$248.7K
at origination
HECM-for-purchase share
5.0%
42.2% wholesale
Monthly HECM endorsements
FHA-insured reverse-mortgage endorsements per month · hover for the average note rate
ENDORSEMENTS · HOVER FOR RATE
Break in the series: Oct 2025 is absent at source (HUD publication pause) — shown as a gap, never a fabricated zero.
Traditional HECM
72.9%
115,174 equity-draw loans
HECM-for-Purchase
5.0%
7,932 H4P loans
HECM refinance
22.1%
34,843 HECM-to-HECM
Adjustable-rate
98.4%
155,380 ARM · rest fixed
Originating-lender rankings
4,756 lenders · sort any column · aggregated across the loaded window
#
122,618Mutual of Omaha Mortgage22,618 HECM loans endorsed over the loaded window14.3%Mutual of Omaha Mortgage14.3% of all HECM endorsements in the window6.0%Mutual of Omaha Mortgage1,353 HECM-for-Purchase (H4P) of 22,6185.9%Mutual of Omaha Mortgage1,336 HECM-to-HECM refinance of 22,6180.0%Mutual of Omaha Mortgage0 sponsored (wholesale / TPO) of 22,61899.6%Mutual of Omaha Mortgage22,532 adjustable-rate of 22,6186.30%Mutual of Omaha MortgageAverage note rate on endorsed HECMs (reported loans only).$219.4KMutual of Omaha MortgageAverage initial principal limit — funds available to the borrower at origination.$474.3KMutual of Omaha MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 31215
217,292American Advisors Group17,292 HECM loans endorsed over the loaded window10.9%American Advisors Group10.9% of all HECM endorsements in the window0.4%American Advisors Group61 HECM-for-Purchase (H4P) of 17,29226.9%American Advisors Group4,660 HECM-to-HECM refinance of 17,2920.0%American Advisors Group0 sponsored (wholesale / TPO) of 17,29298.9%American Advisors Group17,101 adjustable-rate of 17,2924.45%American Advisors GroupAverage note rate on endorsed HECMs (reported loans only).$224.6KAmerican Advisors GroupAverage initial principal limit — funds available to the borrower at origination.$428.4KAmerican Advisors GroupAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 22823
315,469Finance of America Reverse15,469 HECM loans endorsed over the loaded window9.8%Finance of America Reverse9.8% of all HECM endorsements in the window0.7%Finance of America Reverse111 HECM-for-Purchase (H4P) of 15,46912.7%Finance of America Reverse1,966 HECM-to-HECM refinance of 15,4690.0%Finance of America Reverse2 sponsored (wholesale / TPO) of 15,46999.0%Finance of America Reverse15,322 adjustable-rate of 15,4696.41%Finance of America ReverseAverage note rate on endorsed HECMs (reported loans only).$220.2KFinance of America ReverseAverage initial principal limit — funds available to the borrower at origination.$474KFinance of America ReverseAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 21249
48,448Longbridge Financial8,448 HECM loans endorsed over the loaded window5.3%Longbridge Financial5.3% of all HECM endorsements in the window3.0%Longbridge Financial254 HECM-for-Purchase (H4P) of 8,44814.2%Longbridge Financial1,203 HECM-to-HECM refinance of 8,4480.0%Longbridge Financial0 sponsored (wholesale / TPO) of 8,44899.1%Longbridge Financial8,371 adjustable-rate of 8,4485.84%Longbridge FinancialAverage note rate on endorsed HECMs (reported loans only).$241KLongbridge FinancialAverage initial principal limit — funds available to the borrower at origination.$510.8KLongbridge FinancialAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 31169
56,706Fairway Independent Mortgage6,706 HECM loans endorsed over the loaded window4.2%Fairway Independent Mortgage4.2% of all HECM endorsements in the window15.2%Fairway Independent Mortgage1,017 HECM-for-Purchase (H4P) of 6,7068.7%Fairway Independent Mortgage585 HECM-to-HECM refinance of 6,70637.0%Fairway Independent Mortgage2,484 sponsored (wholesale / TPO) of 6,70699.6%Fairway Independent Mortgage6,680 adjustable-rate of 6,7065.69%Fairway Independent MortgageAverage note rate on endorsed HECMs (reported loans only).$236.6KFairway Independent MortgageAverage initial principal limit — funds available to the borrower at origination.$501.5KFairway Independent MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 79507
64,938South River Mortgage4,938 HECM loans endorsed over the loaded window3.1%South River Mortgage3.1% of all HECM endorsements in the window0.0%South River Mortgage2 HECM-for-Purchase (H4P) of 4,93848.1%South River Mortgage2,374 HECM-to-HECM refinance of 4,93852.9%South River Mortgage2,614 sponsored (wholesale / TPO) of 4,93899.9%South River Mortgage4,933 adjustable-rate of 4,9385.84%South River MortgageAverage note rate on endorsed HECMs (reported loans only).$193.2KSouth River MortgageAverage initial principal limit — funds available to the borrower at origination.$388.6KSouth River MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 01236
74,531PHH Mortgage4,531 HECM loans endorsed over the loaded window2.9%PHH Mortgage2.9% of all HECM endorsements in the window0.8%PHH Mortgage35 HECM-for-Purchase (H4P) of 4,53152.9%PHH Mortgage2,399 HECM-to-HECM refinance of 4,5310.0%PHH Mortgage0 sponsored (wholesale / TPO) of 4,53196.4%PHH Mortgage4,369 adjustable-rate of 4,5315.07%PHH MortgageAverage note rate on endorsed HECMs (reported loans only).$236.4KPHH MortgageAverage initial principal limit — funds available to the borrower at origination.$456.1KPHH MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 30275
82,484Reverse Mortgage Funding2,484 HECM loans endorsed over the loaded window1.6%Reverse Mortgage Funding1.6% of all HECM endorsements in the window3.7%Reverse Mortgage Funding91 HECM-for-Purchase (H4P) of 2,48447.7%Reverse Mortgage Funding1,186 HECM-to-HECM refinance of 2,4840.0%Reverse Mortgage Funding0 sponsored (wholesale / TPO) of 2,48493.8%Reverse Mortgage Funding2,329 adjustable-rate of 2,4843.66%Reverse Mortgage FundingAverage note rate on endorsed HECMs (reported loans only).$315.2KReverse Mortgage FundingAverage initial principal limit — funds available to the borrower at origination.$558.3KReverse Mortgage FundingAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 31180
92,177Guild Mortgage2,177 HECM loans endorsed over the loaded window1.4%Guild Mortgage1.4% of all HECM endorsements in the window14.2%Guild Mortgage309 HECM-for-Purchase (H4P) of 2,1775.4%Guild Mortgage117 HECM-to-HECM refinance of 2,1778.2%Guild Mortgage179 sponsored (wholesale / TPO) of 2,17799.3%Guild Mortgage2,162 adjustable-rate of 2,1776.40%Guild MortgageAverage note rate on endorsed HECMs (reported loans only).$218.7KGuild MortgageAverage initial principal limit — funds available to the borrower at origination.$488KGuild MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 04718
102,007Atlantic Avenue Mortgage2,007 HECM loans endorsed over the loaded window1.3%Atlantic Avenue Mortgage1.3% of all HECM endorsements in the window0.0%Atlantic Avenue Mortgage0 HECM-for-Purchase (H4P) of 2,00774.5%Atlantic Avenue Mortgage1,495 HECM-to-HECM refinance of 2,007100.0%Atlantic Avenue Mortgage2,007 sponsored (wholesale / TPO) of 2,007100.0%Atlantic Avenue Mortgage2,007 adjustable-rate of 2,0076.14%Atlantic Avenue MortgageAverage note rate on endorsed HECMs (reported loans only).$217.5KAtlantic Avenue MortgageAverage initial principal limit — funds available to the borrower at origination.$442.2KAtlantic Avenue MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
sponsored / TPO
111,600Ennkar1,600 HECM loans endorsed over the loaded window1.0%Ennkar1.0% of all HECM endorsements in the window0.7%Ennkar11 HECM-for-Purchase (H4P) of 1,60061.1%Ennkar978 HECM-to-HECM refinance of 1,60063.1%Ennkar1,010 sponsored (wholesale / TPO) of 1,60099.2%Ennkar1,587 adjustable-rate of 1,6004.70%EnnkarAverage note rate on endorsed HECMs (reported loans only).$279.1KEnnkarAverage initial principal limit — funds available to the borrower at origination.$526.9KEnnkarAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 00485
121,423High Tech Lending1,423 HECM loans endorsed over the loaded window0.9%High Tech Lending0.9% of all HECM endorsements in the window3.4%High Tech Lending48 HECM-for-Purchase (H4P) of 1,42323.6%High Tech Lending336 HECM-to-HECM refinance of 1,4230.4%High Tech Lending6 sponsored (wholesale / TPO) of 1,42398.2%High Tech Lending1,398 adjustable-rate of 1,4235.52%High Tech LendingAverage note rate on endorsed HECMs (reported loans only).$315.3KHigh Tech LendingAverage initial principal limit — funds available to the borrower at origination.$639.4KHigh Tech LendingAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 24969
131,301All Reverse Mortgage1,301 HECM loans endorsed over the loaded window0.8%All Reverse Mortgage0.8% of all HECM endorsements in the window2.2%All Reverse Mortgage28 HECM-for-Purchase (H4P) of 1,30113.8%All Reverse Mortgage179 HECM-to-HECM refinance of 1,301100.0%All Reverse Mortgage1,301 sponsored (wholesale / TPO) of 1,30196.9%All Reverse Mortgage1,261 adjustable-rate of 1,3014.72%All Reverse MortgageAverage note rate on endorsed HECMs (reported loans only).$307.4KAll Reverse MortgageAverage initial principal limit — funds available to the borrower at origination.$604.1KAll Reverse MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 26031
141,290Advisors Mortgage Group1,290 HECM loans endorsed over the loaded window0.8%Advisors Mortgage Group0.8% of all HECM endorsements in the window0.5%Advisors Mortgage Group7 HECM-for-Purchase (H4P) of 1,29042.4%Advisors Mortgage Group547 HECM-to-HECM refinance of 1,29029.8%Advisors Mortgage Group384 sponsored (wholesale / TPO) of 1,29098.8%Advisors Mortgage Group1,275 adjustable-rate of 1,2905.39%Advisors Mortgage GroupAverage note rate on endorsed HECMs (reported loans only).$242.7KAdvisors Mortgage GroupAverage initial principal limit — funds available to the borrower at origination.$493.6KAdvisors Mortgage GroupAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 15483
151,229Movement Mortgage1,229 HECM loans endorsed over the loaded window0.8%Movement Mortgage0.8% of all HECM endorsements in the window12.0%Movement Mortgage148 HECM-for-Purchase (H4P) of 1,2291.6%Movement Mortgage20 HECM-to-HECM refinance of 1,229100.0%Movement Mortgage1,229 sponsored (wholesale / TPO) of 1,22999.4%Movement Mortgage1,222 adjustable-rate of 1,2296.66%Movement MortgageAverage note rate on endorsed HECMs (reported loans only).$231.9KMovement MortgageAverage initial principal limit — funds available to the borrower at origination.$526.5KMovement MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 26264
161,142Cherry Creek Mortgage1,142 HECM loans endorsed over the loaded window0.7%Cherry Creek Mortgage0.7% of all HECM endorsements in the window10.2%Cherry Creek Mortgage116 HECM-for-Purchase (H4P) of 1,14239.0%Cherry Creek Mortgage445 HECM-to-HECM refinance of 1,1422.4%Cherry Creek Mortgage27 sponsored (wholesale / TPO) of 1,14296.5%Cherry Creek Mortgage1,102 adjustable-rate of 1,1424.51%Cherry Creek MortgageAverage note rate on endorsed HECMs (reported loans only).$277.3KCherry Creek MortgageAverage initial principal limit — funds available to the borrower at origination.$525.5KCherry Creek MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 71075
171,113Caliver Beach Mortgage1,113 HECM loans endorsed over the loaded window0.7%Caliver Beach Mortgage0.7% of all HECM endorsements in the window0.1%Caliver Beach Mortgage1 HECM-for-Purchase (H4P) of 1,11387.6%Caliver Beach Mortgage975 HECM-to-HECM refinance of 1,113100.0%Caliver Beach Mortgage1,113 sponsored (wholesale / TPO) of 1,11399.9%Caliver Beach Mortgage1,112 adjustable-rate of 1,1136.21%Caliver Beach MortgageAverage note rate on endorsed HECMs (reported loans only).$319KCaliver Beach MortgageAverage initial principal limit — funds available to the borrower at origination.$615.5KCaliver Beach MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
sponsored / TPO
181,070CrossCountry Mortgage1,070 HECM loans endorsed over the loaded window0.7%CrossCountry Mortgage0.7% of all HECM endorsements in the window11.2%CrossCountry Mortgage120 HECM-for-Purchase (H4P) of 1,0702.8%CrossCountry Mortgage30 HECM-to-HECM refinance of 1,07041.2%CrossCountry Mortgage441 sponsored (wholesale / TPO) of 1,07099.5%CrossCountry Mortgage1,065 adjustable-rate of 1,0706.67%CrossCountry MortgageAverage note rate on endorsed HECMs (reported loans only).$269.6KCrossCountry MortgageAverage initial principal limit — funds available to the borrower at origination.$582.2KCrossCountry MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 24979
191,064Finance of America Mortgage1,064 HECM loans endorsed over the loaded window0.7%Finance of America Mortgage0.7% of all HECM endorsements in the window5.2%Finance of America Mortgage55 HECM-for-Purchase (H4P) of 1,06446.0%Finance of America Mortgage489 HECM-to-HECM refinance of 1,064100.0%Finance of America Mortgage1,064 sponsored (wholesale / TPO) of 1,06486.0%Finance of America Mortgage915 adjustable-rate of 1,0643.87%Finance of America MortgageAverage note rate on endorsed HECMs (reported loans only).$274.9KFinance of America MortgageAverage initial principal limit — funds available to the borrower at origination.$505.7KFinance of America MortgageAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 77745
201,049loanDepot1,049 HECM loans endorsed over the loaded window0.7%loanDepot0.7% of all HECM endorsements in the window3.5%loanDepot37 HECM-for-Purchase (H4P) of 1,0493.0%loanDepot31 HECM-to-HECM refinance of 1,049100.0%loanDepot1,049 sponsored (wholesale / TPO) of 1,04999.2%loanDepot1,041 adjustable-rate of 1,0496.05%loanDepotAverage note rate on endorsed HECMs (reported loans only).$215.8KloanDepotAverage initial principal limit — funds available to the borrower at origination.$477.8KloanDepotAverage maximum claim amount (lesser of value / sale price / FHA lending limit).
FHA 30096
21 of 4756 lenders open a dossier — those whose FHA mortgagee id also appears in the FHA servicer file. The rest are HUD-published originators this estate holds no entity page for, so their rows are not links to a dead end.
HUD PUBLICReverse-side complement to the FHA forward book — FHA servicing rankings cover the forward (traditional) side.
Source: HUD FHA HECM Snapshot (Office of Housing / Office of Risk Management), the public, no-login monthly loan-level reverse-mortgage endorsement disclosure. Figures aggregate the per-originating-lender monthly rollup across the loaded window (Dec 2021 – May 2026, 53 months present). “Endorsed” = HECMs FHA insured that month; H4P = HECM-for-Purchase; wholesale = sponsored (TPO) originations. Averages cover reported loans only; a lender with no reported rate/limit renders “—”, never zero. Coverage gap: Oct 2025 is absent at source (HUD publication pause) — shown as a break in the trend, never back-filled with a fabricated zero. Public HUD data, not endorsed by HUD or FHA. See data attribution.
HMBS SECURITIES · GINNIE MAE DISCLOSUREGINNIE PUBLICAS OF MAY 2026
What the loans became: the HMBS book
The rankings above are HUD endorsements — who WROTE the loan. This is the securities side: how fast Ginnie Mae HMBS pools pay down, how much borrowers draw on their lines of credit, and how much of the book is approaching the 98%-of-maximum-claim-amount threshold that forces the issuer to buy the loan out of the pool. That buyout, not a refinance, is the dominant HMBS termination and has no forward-mortgage analogue.
HMBS pool prepayment speed
14.3%
-0.53 pp vs prior month
HMBS mandatory-purchase speed
15.9%
-1.58 pp vs prior month
HECM line-of-credit draw rate
5.5%
-1.64 pp vs prior month
HMBS balance to maximum claim amount
65.0%
buyout forced at 98%
HMBS 12-month buyout pipeline
$2.1B
projected, not forecast
Approaching the 98% buyout trigger
Loans by proximity to the maximum claim amount — the bands NEST, they do not partition
8,554≥ 90% of MCA8,554 · $2.4B UPB
3,848≥ 95% of MCA3,848 · $1.1B UPB
284≥ 98% — buyout due284 · $87.6M UPB · issuer purchase is mandatory
7,725Crosses 98% ≤ 12 mo7,725 · $2.1B UPB · projected at contractual accretion
A loan at 98% is also counted at 95% and 90% — read the bars as thresholds, not buckets. The twelve-month row projects each loan's own contractual accretion (note rate + annual MIP) forward with draws held at zero; a further draw pulls the date forward and a loan can terminate first for any other reason. It is a pipeline, not an expectation.
Borrower draws on the line of credit
56,730 loans with an open line · measured against contractual growth
Line at month start
$3.9B
undrawn commitment
Grown, if untouched
$3.9B
at note rate + annual MIP
Line at month end
$3.9B
as disclosed
Drawn this month
$18.1M
0.5% of the opening line
A HECM line of credit GROWS every month at the note rate plus the annual MIP whether or not the borrower touches it, so the drawdown is not a balance difference — the line usually ends the month LARGER. The draw is contractual growth that did not materialise, floored at zero per loan. 1,872 loans grew faster than the identity predicts (intra-month rate/MIP timing); they are counted here rather than netted against a real draw somewhere else.
Pool speed against the buyout speed
UPB-weighted HMBS pool prepayment speed vs. the 98%-of-MCA mandatory-purchase speed, by disclosure month
ANNUALISED · HOVER FOR BOTH
The two lines are on DIFFERENT UNIVERSES and the gap between them is not a spread. Pool speed covers the whole HMBS book (15,109 pools, $56.2B); the buyout speed is loan-level and covers only the fixed / annual-adjustable run-off book (74,831 loans, $16.7B). Both are annualised from a single month. The series starts at Jul 2024: one earlier month has no prior month to measure a buyout speed against and is left out rather than drawn as zero.
HMBS issuers
10 issuers reporting in May 2026 · sort or filter any column
#
1
ISSUER 9281
38,009$7.3B64.8%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.33 loans at or past the 98% trigger today ($602.9K UPB); 1,952 are at or past 95%.4,239Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($1B UPB). A projection of an accretion, not a forecast of behaviour.53 moMedian months to the 98% trigger across this issuer's loans not yet there.17.5%503 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.24.6%Every termination reason, annualised over the issuer's prior-month UPB.5.6%$9.6M drawn this month by 3,056 borrowers, annualised on the opening line of credit.2
ISSUER 4132
13,495$3.6B65.5%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.138138 loans at or past the 98% trigger today ($42.6M UPB); 766 are at or past 95%.1,360Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($422M UPB). A projection of an accretion, not a forecast of behaviour.60 moMedian months to the 98% trigger across this issuer's loans not yet there.13.4%145 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.20.1%Every termination reason, annualised over the issuer's prior-month UPB.4.9%$2.8M drawn this month by 921 borrowers, annualised on the opening line of credit.3
ISSUER 4153
10,647$2.6B65.3%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.138138 loans at or past the 98% trigger today ($43.2M UPB); 697 are at or past 95%.1,200Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($367.6M UPB). A projection of an accretion, not a forecast of behaviour.56 moMedian months to the 98% trigger across this issuer's loans not yet there.20.5%159 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.28.8%Every termination reason, annualised over the issuer's prior-month UPB.4.6%$2.4M drawn this month by 815 borrowers, annualised on the opening line of credit.4
ISSUER 4394
9,837$2.4B63.9%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.11 loans at or past the 98% trigger today ($122.2K UPB); 293 are at or past 95%.663Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($188M UPB). A projection of an accretion, not a forecast of behaviour.61 moMedian months to the 98% trigger across this issuer's loans not yet there.8.9%62 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.16.4%Every termination reason, annualised over the issuer's prior-month UPB.7.4%$2.8M drawn this month by 680 borrowers, annualised on the opening line of credit.5
ISSUER 4311
1,417$406.9M66.7%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.00 loans at or past the 98% trigger today ($0 UPB); 13 are at or past 95%.29Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($11M UPB). A projection of an accretion, not a forecast of behaviour.57 moMedian months to the 98% trigger across this issuer's loans not yet there.3.0%3 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.12.3%Every termination reason, annualised over the issuer's prior-month UPB.7.0%$320.7K drawn this month by 100 borrowers, annualised on the opening line of credit.6
ISSUER 4211
526$139.5M65.9%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.00 loans at or past the 98% trigger today ($0 UPB); 30 are at or past 95%.67Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($26.1M UPB). A projection of an accretion, not a forecast of behaviour.51 moMedian months to the 98% trigger across this issuer's loans not yet there.30.7%11 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.37.9%Every termination reason, annualised over the issuer's prior-month UPB.5.4%$141K drawn this month by 38 borrowers, annualised on the opening line of credit.7
ISSUER 4021
620$128.5M66.4%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.00 loans at or past the 98% trigger today ($0 UPB); 72 are at or past 95%.122Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($34.4M UPB). A projection of an accretion, not a forecast of behaviour.52 moMedian months to the 98% trigger across this issuer's loans not yet there.21.2%8 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.34.8%Every termination reason, annualised over the issuer's prior-month UPB.1.5%$41.5K drawn this month by 37 borrowers, annualised on the opening line of credit.8
ISSUER 4467
131$35.1M61.8%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.00 loans at or past the 98% trigger today ($0 UPB); 3 are at or past 95%.4Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($1.2M UPB). A projection of an accretion, not a forecast of behaviour.52 moMedian months to the 98% trigger across this issuer's loans not yet there.0.0%0 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.9.2%Every termination reason, annualised over the issuer's prior-month UPB.2.9%$19.7K drawn this month by 7 borrowers, annualised on the opening line of credit.9
ISSUER 4305
95$24.5M70.0%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.33 loans at or past the 98% trigger today ($603.5K UPB); 18 are at or past 95%.34Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($12.3M UPB). A projection of an accretion, not a forecast of behaviour.15 moMedian months to the 98% trigger across this issuer's loans not yet there.84.9%11 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.84.9%Every termination reason, annualised over the issuer's prior-month UPB.0.7%$3.8K drawn this month by 6 borrowers, annualised on the opening line of credit.10
ISSUER 4325
54$12.5M75.0%Aggregate HECM balance over aggregate maximum claim amount for this issuer's loaded book. The mandatory issuer purchase is forced at 98%.11 loans at or past the 98% trigger today ($526.8K UPB); 4 are at or past 95%.7Below 98% today, projected to reach it within twelve months at this loan's own contractual accretion ($2.5M UPB). A projection of an accretion, not a forecast of behaviour.43 moMedian months to the 98% trigger across this issuer's loans not yet there.35.3%1 loans bought out at 98% of MCA this month (payment reason 5), annualised over the issuer's prior-month UPB.35.3%Every termination reason, annualised over the issuer's prior-month UPB.0.1%$31.0586678667062 drawn this month by 1 borrowers, annualised on the opening line of credit.Source: Ginnie Mae MBS Disclosure Data — the public HMBS pool disclosure (whole book: 15,109 pools, $56.2B) and the HMBS loan-level disclosure. Coverage scope: the loan-level file held is the FIXED and ANNUAL-ADJUSTABLE split — the seasoned run-off book (74,831 loans, $16.7B across 10 issuers). The monthly-adjustable split, where essentially all post-2022 HECM production sits, is not held, so every draw rate, buyout figure and termination speed on this panel is scoped to the run-off book and is not the whole HMBS market. Pool and loan measures are never mixed: a pool holds one month of participations — a slice of each loan — so the pool file's own balance-to-MCA percentage is not buyout proximity for anything, and the loan-to-pool cross product is not published. Speeds are annualised from a single disclosure month. Public U.S. Government work, not endorsed by Ginnie Mae. See data attribution.