Appraisal Fraud Warning on Reverse Mortgages
A warning has been issued about the use of fraudulent appraisals on the refinance of government-insured reverse mortgages.
Big Decline in Wholesale HECM Production
A 12 percent monthly reduction was recorded for government-insured reverse mortgages generated by retail originators. But wholesale activity plummeted by more than a quarter.
Fiscal-Year 2015 Great for FHA
Although new business and delinquency worsened on a monthly basis at the Federal Housing Administration, annual metrics improved substantially.
FHA Earns Passing Grade
For the first time in years, the Federal Housing Administration's Mutual Mortgage Insurance Fund has met congressionally mandated capital requirements.
Originations Slip, Losses Widen at Walter
On trend with most of its peers, Walter Investment Management Corp. saw home loan production dip. Delinquency rose, and losses widened, but the servicing portfolio grew.
2015 Ginnie MBS Issuance Likely to Beat Record
Securitizations of mortgages on behalf of the Government National Mortgage Association are likely to reach an all-time high this year.
Monthly HECM Production Declines
The first month of fiscal-year 2016 was a slow one for originators of government-insured reverse mortgages as the number of active firms diminished.
Wholesale HECM Business Spikes
While retail originators of government-insured reverse mortgages had a nice monthly bump in new business, the wholesale channel recorded a more than one-fifth surge.
FHA New Business Slows, Delinquency Worsens
The Federal Housing Administration saw production dip and delinquency deteriorate on a month-over-month basis. But the metrics improved on a year-over-year basis.
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.