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.
2017 FHA Loan Limit Raised
Following last week's escalation in the conforming loan limit, the limit on mortgages insured by the Federal Housing Administration has been increased.
FHA Endorsements Fall, Could Go Lower
The monthly volume of residential loans endorsed by the Federal Housing Administration declined and could move even lower. A modest improvement was recorded for delinquency.
Major LOS Enhancements, Integrations
In addition to a host of integrations between various mortgage service providers and loan origination systems, major enhancements have been made to a major LOS.
FHA MMI Fund Improves 4th Consecutive Year
For the fourth year in a row, the capital position of the Federal Housing Administration's mortgage insurance fund has shown improvement.