Retail HECM Originations Up Despite Wholesale Drop
Although wholesale lenders scaled back government-insured reverse mortgage originations, retailers made a gain. Urban Financial Group led monthly proprietary activity.
Mortgage Business Better at Walter
Home lending fared better at Walter Investment Management Corp. Servicing and company-wide earnings also saw an improvement.
Ginnie MBS Issuance Soars to 5-Year High
It has been more than a half-decade since the issuance of mortgage-backed securities on behalf of the Government National Mortgage Association has been this high.
HECM Originations Down Again
For the third month in a row, originators of home-equity conversion mortgages have turned in declining performance.
New FHA Applications Pile Up
Despite a solid increase in new applications during the first month of the year, Federal Housing Administration production moved lower in the second month. But applications have continued to pile up -- pointing to a strong gain ahead.
MSRs on Over $3 Billion in Loans Change Hands
The parent of Reverse Mortgage Funding LLC is acquiring mortgage servicing rights on more than $3 billion in loans.
Wholesale HECM Production Up as Retail Slides
Although the monthly origination of government-insured reverse mortgages slowed through the retail channel, a modest gain was posted on the wholesale side.
Mortgage Lending Migrates to Phones
Mortgage technology service providers are continuing to develop applications that move more of the home lending process to wireless phones.
New HECM Rule Effective this Month
Lenders on reverse mortgages insured by the Federal Housing Administration are subject to a new rule. Some Georgia professionals weighed in on reverse mortgages and the changes.
Ginnie MBS Issuance Highest Since 2013
Monthly issuance of mortgage-backed securities guaranteed by the Government National Mortgage Association climbed the highest level since 2013.