FHA MMIF Capital Ratio Deteriorates
Following four straight years of improvement, the Mutual Mortgage Insurance Fund's capital ratio deteriorated. No reduction in premiums are likely as reverse mortgages continue to be a problem.
MBS Issuance Slowest in 5 Months at Ginnie
Securitizations on behalf of the Government National Mortgage Association turned lower last month, falling to the slowest volume in five months. The weak performance came off of a record year.
Walter's Mortgage Originations to Keep Falling
Single-family loan originations moved lower for the third consecutive quarter at Walter Investment Management Corp., and a further decline is likely. The company set a target date for bankruptcy.
LOS Providers Prepare for HMDA Reporting Changes
Multiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements. Meanwhile, an LOS has been designed for hard-money lenders. A lender has signed on to utilize an LOS for reverse mortgages.
FHA's Endorsements Solidly Higher
Residential endorsements jumped to the highest level in seven months at the Federal Housing Administration, while commercial real estate activity was the highest in at least four years. Delinquency worsened, however.
Mixed Results at Ocwen as Servicing Diminishes
Ocwen Financial Corp. reported growth in mortgage assets and improvement in delinquency. Servicing, however, declined, while losses continued, and originations were mixed.
Nationstar Mortgage Lending Jumps, Could Go Higher
A sequential acceleration in home-lending activity at Nationstar Mortgage Holdings Inc. is likely to repeat as the company trimmed refinance share. Delinquency dropped.
HECM Production Down at All But 2 of Top-5 Lenders
Government-insured reverse mortgage production slowed last month. While endorsements were down at three of the top-5 players in the space, two lenders made gains.
Staffing Expands at Finance of America
Home-lending activity saw a quarter-over-quarter gain and a year-over-year loss at Finance of America Holdings LLC. Headcount continued to grow.
Ginnie's FY 2017 MBS Issuance Up, Book Expands
Annual fiscal securitizations conducted on behalf of the Government National Mortgage Association increased, while the book of business continued to grow.