MBS Issuance Inches Up at Ginnie Mae, Jumbo Jumps
With jumbo loan activity leading the way, securitizations at the Government National Mortgage Association moved higher last month.
Reverse Mortgage Lending Tumbles to 16-Month Low
Federally insured reverse mortgage originations moved lower last month, with volume sinking to the lowest level in 16 months.
FHA Monthly Lending Down, Delinquency Up
Monthly business for government-insured mortgage lending turned sharply lower. At the same time, delinquency on government-insured loans worsened.
Retail HECM Volume Rises, Wholesale Drops
In the reverse mortgage market, retail originators of government-insured loans lifted monthly business even as wholesale slowed. Proprietary volume weakened.
Ginnie MBS Issuance Down Again, Jumbo Up
Although mortgage securitizations at the Government National Mortgage Association fell for the fifth month in a row, jumbo activity accelerated.
HECM Endorsements Rise From Prior Month, Year
The final month of last year saw more reverse mortgages insured by the government, while full-year 2015 volume also ascended.
New Business Slips at FHA, Delinquency Down
New monthly business was modestly lower at the Federal Housing Administration. A decline in delinquency, however, was more pronounced.
Nearly 200 Counties See Increase in FHA Loan Limits
New limits on government-insured residential loans have been released, and nearly 200 U.S. counties will see an increase.
Ginnie's HMBS Issuance Jumps Despite Overall Drop
Although monthly mortgage securitizations moved lower at the Government National Mortgage Association, the issuance of reverse mortgages accelerated.
Ocwen Unit Tops Monthly Proprietary Reverse Volume
As retail and wholesale government-insured reverse mortgage business fell, an Ocwen Financial Corp. unit was biggest among proprietary reverse mortgage lenders.