Retail and Wholesale HECM Biz Drops In November
The monthly origination of government-insured reverse mortgages turned lower for both the direct and indirect channels. Proprietary lending was also down.
Changes Ahead for HECM Qualifications
Borrowers on government-insured reverse mortgages will soon have to demonstrate enough equity to cover property taxes.
Wholesale, Proprietary Reverse Originations Surge
Wholesale lenders pumped up the monthly volume on government-insured reverse mortgages, as did most of the top proprietary reverse lenders.
Ginnie's Jumbo Issuance Jumps to 2.5-Year High
It's been more than two-and-a-half years since issuance of jumbo mortgage-backed securities at the Government National Mortgage Association has been this high.
HECM Production Surges to 10-Month High
During the final month of 2014, federally insured reverse mortgage production surged to the highest level in 10 months.
2nd Consecutive Monthly Improvement at FHA
For the second month in a row, new business improved and mortgage delinquency declined at the Federal Housing Administration.
Slight Up Tick in RMBS Issuance Predicted in 2015
Non-agency residential loan securitizations are expected to rise modestly next year, while performance on legacy loans is predicted to improve.
MBS Issuance Moves Higher at Ginnie, Reverse Leaps
Monthly loan securitization activity improved at the Government National Mortgage Association thanks mostly to residential business. Reverse mortgage volume saw the most improvement.
2015 FHA Loans Limits Published
Loan limits for calendar-year 2015 on residential loans that are insured by the Federal Housing Administration have been released.
HECM Originations Drop
Last month's origination of federally insured reverse mortgages was down both on a month-over-month basis and from a year earlier.