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.
Jumbo Reverse Mortgage Product Launches
A brand new jumbo reverse mortgage product is expected to be a boon for senior borrowers in the Golden State.
Top-10 HECM Lender Calling It Quits
A company that is among the 10 largest producers of government-insured reverse mortgages has disclosed plans to exit originations.
MBS Issuance Recedes at Ginnie
The volume of monthly securitizations moved lower at the Government National Mortgage Association. Both residential and commercial real estate activity were down.
1 Lender Grabs Over Quarter of HECM Market in Sept
Last month, a single reverse mortgage lender was responsible for more than a quarter of all reverse mortgages that were federally endorsed.
Strong Month for FHA
The monthly origination of government-insured mortgages accelerated. At the same time, the rate of late payments moved lower.