HUD Budget Includes New FHA Administrative Fee
The Department of Housing and Urban Development's proposed budget includes a new administrative fee on government-insured mortgages to fund technology updates.
FHA Originations Rising, Delinquency Tumbles
The monthly volume of home loans insured by the Federal Housing Administration turned higher, and a further increase is on the way. Delinquency, meantime, sank.
Ginnie's Monthly MBS Issuance Rises
Monthly securitizations at the Government National Mortgage Association bounced off the one-year low experienced in March. The book of business continued to grow.
$89 Million Settlement for Former IndyMac Unit
The former reverse mortgage lending unit of failed IndyMac Bank FSB has agreed to a government settlement that will cost it $89 million.
Walter Investment's Originations Outperform Peers
Walter Investment Management Corp. experienced a much smaller quarter-over-quarter decline in mortgage originations than most of its peers.
Originations Hold Up at Ocwen
Home lending activity was off at Ocwen Financial Corp., though not as much as at its peers. Losses rose from the prior quarter but fell from a year prior.
Dip in HECM Endorsements
A modest decline was recorded for monthly production of government-insured reverse mortgages, though there was a year-over-year rise.
MBS Issuance at Ginnie Lowest in 1 Year
Issuance at the Government National Mortgage Association has diminished for three consecutive months and is the lowest it's been in 12 months.
Mortgage Leads Target Niche Borrower Segments
Buyers of mortgage leads can now target leads based on prospects' credit scores, home-buying or -selling status, or desire for a reverse mortgage.
HECM Endorsements Jump to 19-Month High
Federally insured reverse mortgage production jumped to the highest level since the summer of 2015 despite a drop in the number of originators.