The Non-Agency Mortgage Security Market

Top HEL Security Issuers and Underwriters

The top HEL security issuers and the top HEL security underwriters by year. Includes volume in dollars, total deals, and market share, as well as totals for all issuers and underwriters for the year.

1997 and 1998 data also include previous year’s ranking.

1999-2007 data also include previous year’s volume and percent change as well as market share.

2008-2009 data omit total deals and adds quarterly volumes.

2009 Data

2008 Data

2007 Data

2006 Data

2005 Data

2004 Data

2003 Data

2002 Data

2001 Data

2000 Data

1999 Data

1998 Data

1997 Data

1996 Data

1995 Data


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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