Proprietary Reverse Mortgage Biz Up as FHA Falls
Although the monthly volume of government-insured reverse mortgages has recently fallen, originators of proprietary reverse mortgages pushed up activity.
Monthly FHA Business Softens, Delinquency Up
The government insured slightly fewer home-related loans in the most-recent month of activity. Loan performance was also slightly worse on a month-over-month basis.
Ginnie MBS Issuance Jumps to 9-Month High
Securitizations on behalf of the Government National Mortgage Association climbed to the highest level they've been in nine months.
HECM Production Plunges to Lowest Since 2014
The volume of federally insured reverse mortgage production last month descended to the lowest level since the summer of 2014.
New Wholesale Programs Launched
Among several new programs recently offered by wholesale lenders are non-QM loans, reverse mortgages and jumbo mortgages. Commercial mortgage products also hit the market.
Condo Financing Might Get FHA Boost
Industry consultants say that condominium homeowners associations have increasingly been seeking Federal Housing Administration certification recently.
HECM Program Updates Proposed
Changes that are being proposed to the home-equity conversion mortgage program include new consumer protections for borrowers and new lender requirements.
Proprietary Reverse Mortgage Production Up
Unlike government-insured reverse mortgage production, proprietary reverse mortgage originators saw a gain in volume from a month and year earlier.
Jumbo MBS Issuance Soars at Ginnie Mae
A month-over-month gain in securitizations was made by the Government National Mortgage Association, and jumbo activity led the improvement.
Mortgage Originations, Earnings Worse at Walter
Quarterly mortgage originations slumped, losses widened and staffing was down at Walter Investment Management Corp. But the servicing portfolio inched up.