Conferences Address MSRs, Wholesale and Reverse
A bouquet of conferences and workshops will bloom throughout March, into April and beyond. With topics that include servicing rights, wholesale lending and reverse mortgages -- mortgage professionals have their pick of subject matter.
The Wholesale Mortgage Wire
One wholesale mortgage lender has upgraded its technology, while another has launched a reverse mortgage product lineup. A consultant is helping wholesalers beef up their businesses.
Wholesale Reverse Originations Off as Retail Rises
Retail originators of government-insured reverse mortgages pushed monthly activity higher, while business slowed at wholesalers.
Credit Challenged Mortgage Program Launching
A new home lending program that targets credit-challenged borrower prospects is being made available through the retail and wholesale lending channels.
Proprietary Reverse Mortgage Production Rises
Proprietary reverse mortgage lenders lifted activity in the final month of last year. Government-insured business improved for both the retail and wholesale channels.
Stonegate Fundings Slip; Staffing, Servicing Climb
Despite growth in servicing and staffing, Stonegate Mortgage Corp. saw a slight decline in quarterly production for the first time in at least three years. Annual originations, however, moved higher.
Provident's Originations Rise
Provident Funding Associates LP saw an increase in its fourth-quarter 2014 loan originations over the previous quarter. Servicing and staffing, however, were down.
Retail and Wholesale HECM Biz Drops In November
The monthly origination of government-insured reverse mortgages turned lower for both the direct and indirect channels. Proprietary lending was also down.
Wholesale, Proprietary Reverse Originations Surge
Wholesale lenders pumped up the monthly volume on government-insured reverse mortgages, as did most of the top proprietary reverse lenders.
Multiple Firms Offering Conventional 97% LTVs
At least three mortgage bankers, including two wholesale lenders, have begun offering new conventional products with high loan-to-value ratios.