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.
HECM Originations Stronger Than Proprietary Biz
While reverse mortgage volume edged higher on a monthly basis, the gain in proprietary activity was far less than with government-insured business. The disparity carried over into year-over-year performance.
Walter Originations, Earnings & Delinquency Better
Originations were up and delinquency was down at Walter Investment Management Corp. The mortgage servicing portfolio, however, was diminished.
HECM Originations Jump
Reverse mortgage lenders turned up the volume on government-insured loan originations, which moved sharply higher last month.
FHA Originations Drops, Delinquency Deteriorates
Monthly Federal Housing Administration originations turned lower and could see a further decline -- though reverse mortgage volume will likely rise. Loan delinquency worsened.
Proprietary Reverse Mortgage Originations Slide
Although the monthly origination of government-insured reverse mortgages has fallen, the decline has been more noticeable for proprietary production.
Nearly 50 Mortgage Events in Q4
Nearly 50 mortgage-related conferences and other meetings are scheduled for the final quarter of this year -- including the industry's main shin dig.