New Wholesale Programs Launched
Among several new programs recently offered by wholesale lenders are non-QM loans, reverse mortgages and jumbo mortgages. Commercial mortgage products also hit the market.
Condo Financing Might Get FHA Boost
Industry consultants say that condominium homeowners associations have increasingly been seeking Federal Housing Administration certification recently.
HECM Program Updates Proposed
Changes that are being proposed to the home-equity conversion mortgage program include new consumer protections for borrowers and new lender requirements.
Proprietary Reverse Mortgage Production Up
Unlike government-insured reverse mortgage production, proprietary reverse mortgage originators saw a gain in volume from a month and year earlier.
Jumbo MBS Issuance Soars at Ginnie Mae
A month-over-month gain in securitizations was made by the Government National Mortgage Association, and jumbo activity led the improvement.
Mortgage Originations, Earnings Worse at Walter
Quarterly mortgage originations slumped, losses widened and staffing was down at Walter Investment Management Corp. But the servicing portfolio inched up.
Monthly HECM Production Slips
Last month was a little slower both on a month-over-month and year-over-year basis for originators of federally insured reverse mortgages.
Despite Reforms, Reverse Mortgage Risks Remain
While there have been many reforms made to protect borrowers on reverse mortgages, some consumer groups say more needs to be done.
FHA Delinquency Sinks, New Applications Jump
Although monthly government-insured mortgage production was little changed, new loan applications surged and mortgage delinquency tumbled.
Mortgage Firm Looks to Reverse Mortgages
One mortgage business is embracing a history of local art at its new location while looking to reverse mortgages for its future.