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.
Monthly HECM Production Slips
Last month was a little slower both on a month-over-month and year-over-year basis for originators of federally insured reverse mortgages.
Despite Reforms, Reverse Mortgage Risks Remain
While there have been many reforms made to protect borrowers on reverse mortgages, some consumer groups say more needs to be done.
FHA Delinquency Sinks, New Applications Jump
Although monthly government-insured mortgage production was little changed, new loan applications surged and mortgage delinquency tumbled.
Mortgage Firm Looks to Reverse Mortgages
One mortgage business is embracing a history of local art at its new location while looking to reverse mortgages for its future.
Retail HECM Biz Up from 2015, Wholesale Off
While both retail and wholesale government-insured reverse mortgage business was up from a month earlier, only retail improved on a year-over-year basis.
Ginnie MBS Issuance Bounces Up
Mortgage securitizations at the Government National Mortgage Association continued to see-saw last month, with residential activity lifting volume.
FHA Reverse Business Slips
Compared to a month earlier and a year earlier, government-insured reverse mortgage production was slightly weaker. The number of active lenders was also off.
FHA Delinquency Deteriorates, CRE Business Sinks
While there was little month-over-month change in government-insured residential business, commercial production tumbled and delinquency took a turn for the worse.
Retail HECM Originations Tumble
Although monthly government-insured reverse mortgage originations dipped at wholesalers, volume tumbled at retail originators of reverse mortgages.