MSRs on Over $3 Billion in Loans Change Hands
The parent of Reverse Mortgage Funding LLC is acquiring mortgage servicing rights on more than $3 billion in loans.
Wholesale HECM Production Up as Retail Slides
Although the monthly origination of government-insured reverse mortgages slowed through the retail channel, a modest gain was posted on the wholesale side.
Mortgage Lending Migrates to Phones
Mortgage technology service providers are continuing to develop applications that move more of the home lending process to wireless phones.
New HECM Rule Effective this Month
Lenders on reverse mortgages insured by the Federal Housing Administration are subject to a new rule. Some Georgia professionals weighed in on reverse mortgages and the changes.
Ginnie MBS Issuance Highest Since 2013
Monthly issuance of mortgage-backed securities guaranteed by the Government National Mortgage Association climbed the highest level since 2013.
Mortgage Gatherings Pinpoint New Rules
With recent regulatory policies and implementation deadlines taking hold, several industry conferences and workshops are geared towards helping lenders manage a successful business in the age of compliance. Appraisals, banking and reverse mortgages are among other topics being covered at upcoming events.
HECM Production Down
Reverse mortgage lenders had another month-over-month decline in government-insured originations as fewer lenders were active last month.
FHA Business Slips But Set to Soar
New business dipped in the first month of this year at the Federal Housing Administration, but an escalation in new applications points to a strong first quarter. Delinquency, meanwhile, was down again.
Jumbo Ginnie Issuance Up Despite Overall Decline
Total monthly mortgage securitizations moved lower at the Government National Mortgage Association. But one bright spot was jumbo securitization activity.
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.