MBS Issuance Up at Ginnie Mae
As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.
M.I. Firms Integrate With LOS
Two mortgage insurance companies have integrated with two loan origination systems, while a correspondent aggregator implemented an LOS. Meanwhile, data from a reverse mortgage LOS indicates significant growth in that market.
Reverse Mortgage Servicing Layoffs at Wells Fargo
The sale of servicing rights on reverse mortgages by Wells Fargo & Co. has resulted in a staff reduction of more than a hundred positions.
HECM Endorsements Jump to 4-Month High
Federally insured reverse mortgage production last month was higher than it's been in four months. The biggest lender maintained its standing.
AAG Is Reverse Mortgage Success Story
With the help of paid celebrities, American Advisors Group was able to take advantage of the exit of major players to grow and become the largest reverse mortgage lender.
FHA CRE Biz Skyrockets, SFR Refi Biz Headed Higher
There was little change in monthly residential business at the Federal Housing Administration, though refinance activity is poised for an increase. But commercial real estate activity soared.
HECM M.I. Premiums Being Raised
The cost of mortgage insurance premiums on federally insured mortgages is going up in an effort to limit taxpayer exposure. But the change will impact few mortgages.
FHA Endorsements Rise, Delinquency Down
Monthly new business at the Federal Housing Administration moved higher, while an improvement was recorded for delinquency. The agency grew its residential and commercial books of business.
Mortgage LOS Updates, Acquisition
In addition to an acquisition involving a loan origination system, two LOS service provides have upgraded there systems -- with one labeled as a "major" release. Meanwhile, LOS integrations continue.
Ginnie' Fiscal YTD MBS Issuances Surpass $400 Bil
A modest volume of monthly securitizations on behalf of the Government National Mortgage Association have pushed fiscal-year volume so far past $400 billion.