High Cost FHA Loan Limit Lowered
The new loan limits for mortgages that are insured by the Federal Housing Administration have been released.
Reverse Production Moves Higher
The U.S. government insured more reverse mortgages in November, and it looks like this year will finish with an annual gain.
Ginnie MBS Issuance at 20-Month Low
Mortgage securitizations fell to the lowest level in 20 months at the Government National Mortgage Association -- with multifamily activity sinking by nearly a third. One bright spot was the securitization of reverse mortgages.
Walter Faces CFPB, HUD OIG Legal Actions
Walter Investment Management Corp. is facing government legal actions on multiple fronts. At issue are its reverse mortgage unit and its high-touch servicing subsidiary.
Mortgage Production Rises at Walter Investment
Walter Investment Management Corp. was only one of two mortgage lenders to report a quarter-over-quarter increase in mortgage originations. But the company's servicing portfolio slipped, and earnings deteriorated.
HECM Production Slumps
The production of government-insured reverse mortgages fell last month, has been down for three consecutive months and hasn't been this slow since last year. At the biggest lender, however, new business moved higher.
FHA Business, Delinquency Continue Falling
Government-insured mortgage originations were down again and look to be headed even lower -- though reverse mortgage activity is poised for an uptick. Delinquency on government loans was lower.
1.5-Year Low for Ginnie Issuance
|MBA's 100th Annual Tops Upcoming Mortgage Events
The hundred-year anniversary of the mortgage industry's preeminent event is being hosted in the nation's capitol and will feature a former U.S. president. Several other upcoming events will address a myriad of new rules and regulations.
Issuance of mortgage-backed securities fell to the lowest level in a year-and-a-half at the Government National Mortgage Association -- with the volume of jumbo issuance sinking 43 percent. Multifamily issuance, however, strengthened.
Texans to Vote on HECMs
A North Texas newspaper is recommending that the state's voters approve a proposed law that would enable borrowers to utilize home-equity conversion mortgages for a home purchase.