FHA Reverse Mortgage Originations Slide
Monthly originations of federally insured reverse mortgages were down by nearly a fifth, though the biggest producer managed a gain.
FHA Delivers Solid Monthly Performance
It was another solid month for the Federal Housing Administration, with production climbing to the highest level in at least two years and delinquency dropping to the lowest rate in at least three years.
Retail HECM Volume Off, Wholesale Holds Up
Although retail originators of government-insured reverse mortgages had a month-over-month decline, wholesale held up. Urban Financial Group landed the top proprietary spot.
Ginnie Mae MBS Issuance Retreats From Record High
After reaching an all-time high in July, issuance of mortgage-backed securities on behalf of the Government National Mortgage Association settled back.
Walter Investment Settles False Claim Allegations
Walter Investment Management Corp. has agreed to settle a whistleblower lawsuit filed by a former executive of its reverse mortgage business.
2-Year High for HECM Production
It has been more than two years since originators of federally insured reverse mortgages have been as busy as they were last month. Volume was up by over half at an Ocwen Financial Corp. unit.
FHA Business Improves, Delinquency Declines
More residential lending products were insured by the government on a monthly basis, while delinquency on government-insured mortgages moved lower.
Wholesale HECM Originations Accelerate
While monthly government-insured reverse mortgage originations from the retail channel were up, the increase for the wholesale channel was more substantial.
Originations, Servicing Grow at Walter Investment
Walter Investment Management Corp. lifted mortgage originations, expanded its residential loan servicing portfolio and cut its losses. Mortgage delinquency, however, deteriorated.
Ginnie Mae Issuance Climbs to Record High
Residential and commercial mortgage securitizations backed by the Government National Mortgage Association surged to the highest level in the history of the company.