Ginnie MBS Outstanding at All-Time High
Despite a decline in monthly securitizations guaranteed by the Government National Mortgage Association, its book of business reached a record.
HECM Endorsements Up From Year Earlier
Although there was a month-over-month decline in federally insured reverse mortgage production, activity accelerated on a year-over-year basis.
Several Topics to Be Covered at Mortgage Events
Topics to be covered at several upcoming events tied to home lending include mortgage servicing rights, reverse mortgages and social media. Compliance is also on the agenda.
FHA Delinquency Rises
Monthly residential Federal Housing Administration business was little changed, as was its book of business. But deterioration was reported in the rate of single-family delinquency.
Record Annual MBS Issuance, Outstandings at Ginnie
Annual loan securitizations ascended to an all-time high last year at the Government National Mortgage Association, as did the company's book of business.
2016 HECM Originations Slump Despite Monthly Surge
Despite a surge in the final month of last year for federally insured reverse mortgage production, annual production slumped.
FHA Business Holds Up, But Delinquency Worsens
Residential business held up at the Federal Housing Administration, with refinances accounting for a bigger share of endorsements. But monthly loan performance deteriorated.
Monthly Ginnie Mae MBS Issuance Dips
Monthly securitizations on behalf of the Government National Mortgage Association eased, though the firm's book of business grew.
Reverse Mortgage Firms Agree to Settlements
A trio of reverse mortgage companies has agreed to settle allegations that they misled prospective borrowers with deceptive advertising.
Monthly HECM Production Diminishes
Government-insured reverse mortgage production retreated last month, though there were a few large producers that were able to lift volume.