FHA Delinquency, New Business Increase
For each of the past three months, residential delinquency has deteriorated at the Federal Housing Administration. But cnew residential business climbed to the highest level in eight months.
Retail HECM Originations Up, Wholesale Down
While the monthly volume of government-insured reverse mortgages increased from the retail channel, the wholesale channel experienced a decline.
LOS Updates, Enhancements Announced
Three origination channels will benefit from recent loan origination system updates, as will reverse mortgage originators and home-equity lenders. Other LOS changes will enhance compliance.
Walter Investment's Mortgage Metrics Finish Short
Quarterly home lending at Walter Investment Management Corp. retreated. It also realized a smaller servicing portfolio, continued income regression and diminished headcount.
Record Ginnie Mae MBS Issuance
Residential and commercial loan securitizations on behalf of the Government National Mortgage Association climbed to the highest level on record last month.
Nearly 2-Year Low for HECM Originations
Last month turned out to be the slowest month in nearly two years for the origination of government-insured reverse mortgages.
FHA Lending Picks Up, But Delinquency Deteriorates
Monthly residential business moved higher at the Federal Housing Administration, but so did the rate of past-due payments. Commercial lending activity, however, was mixed.
CIT Takes Big Hit on Reverse Mortgage Business
CIT Group Inc., the firm now led by former Merrill Lynch chief John Thain, took a hit for hundreds of millions of dollars on its legacy reverse mortgages.
Retail and Wholesale HECM Production Slumps
Government-insured reverse mortgage production was down again for both retailers and wholesalers, though wholesale has slowed for more consecutive months.
Mortgage Educators Tackle Sales, Reverse Mortgages
Reverse mortgages and loan originator sales development are among some of the topics covered in recent releases of mortgage-related education services and events.