Reverse Mortgage Volume Eases Off 7-Yr High
Government-insured reverse mortgage production decelerated last month after achieving a nearly seven-year high. Changes to premiums are behind the see-saw activity.
Nationstar Mortgage Originations Holding Up
Quarterly loan originations are holding up at Nationstar Mortgage Holdings Inc., and signs point to more of the same. Servicing, however, was down.
Retail, Reverse Overcome Lending Slump at Ocwen
Total mortgage originations weakened last year at Ocwen Financial Corp. But retail lending and reverse mortgage production both significantly increased. Also improving was delinquency.
Ginnie MBS Issuance Slowest in 10 Months
Securitizations on behalf of the Government National Mortgage Association decreased to the lowest level in 10 months. The company's book of business is nearing $2 trillion -- including $more than 50 billion in home-equity conversion mortgage-backed securities.
Mortgage Events Added to Conference Calendar
Several mortgage-related conferences, events and meetings have been added to Mortgage Daily's Mortgage Conference Calendar. The housing finance system, regulation and reverse mortgages are among the topics to be covered.
Biggest Reverse Mortgage Lender Opens Forward Biz
The country's largest originator of federally insured reverse mortgages has begun offering traditional mortgages for its mostly older customers. Dozens of hirings are planned.
FHA Res Business Down, Delinquency Up
Monthly and annual residential business at the Federal Housing Administration retreated as delinquency deteriorated. But in its commercial real estate business, activity ascended.
HECM Endorsements Highest in Nearly 7 Years
Thanks to a steep increase in up-front mortgage insurance premiums, federally insured reverse mortgage production surged last month to the highest level in nearly seven years.
Annual Originations Slip at Finance of America
Mortgage production last year was down slightly at Finance of America Holdings LLC. Also lower was the servicing portfolio and headcount.
9-Month Low for FHA Endorsements, Could Drop More
New business at the Federal Housing Administration fell to a nine-month low, and a further drop is likely. Delinquency deteriorated. Meanwhile, the book of business continued to grow.