Jumbo MBS Issuance Surges at Ginnie
Mortgage securitizations improved for the fifth consecutive month at the Government National Mortgage Association. Jumbo activity rose to the highest level in a year and a half.
Proprietary Reverse Mortgage Originations Tumble
While government-insured reverse mortgage originations have recently been subsiding, the decline has been more pronounced with proprietary production.
Live Well Bolsters HECM Platform
Live Well Financial has made some moves that boost its position in the home-equity conversion mortgage securities market.
FHA Delinquency Up, Outstandings Down
Although monthly government mortgage originations strengthened, the Federal Housing Administration's book of business diminished and delinquency worsened.
HECM Originations Plunge to 6-Year Low
Loan originators closed fewer federally insured reverse mortgages last month than in any other month in at least six years.
Retail, Wholesale HECM Channels Both Off in June
A monthly drop in federally insured reverse mortgage production impacted retail and wholesale channels alike. Overall business has since moved higher.
Rebates on HECMs Could Benefit Seniors
The Department of Housing and Urban Development won't confirm if rebate pricing can be used to offset closing costs on home-equity conversion mortgages.
Ginnie Mae Lifts MBS Issuance 4 Months in a Row
For four consecutive months now, issuance of Ginnie Mae mortgage-backed securities has strengthened -- though annual activity is still set for a steep decline.
Servicing Down, Earnings Worse at Walter
While Walter Investment Management Corp. was able to expand staffing and push production higher, its servicing portfolio was down and earnings deteriorated.
HECM Originations Remain Weak
Originations for the government's reverse mortgage program moved slightly higher last month but remained anemic by historical standards.