MBS Issuance at Ginnie Lowest in 1 Year
Issuance at the Government National Mortgage Association has diminished for three consecutive months and is the lowest it's been in 12 months.
Mortgage Leads Target Niche Borrower Segments
Buyers of mortgage leads can now target leads based on prospects' credit scores, home-buying or -selling status, or desire for a reverse mortgage.
HECM Endorsements Jump to 19-Month High
Federally insured reverse mortgage production jumped to the highest level since the summer of 2015 despite a drop in the number of originators.
FHA Originations Rise, Could Climb Further
Monthly endorsements increased at the Federal Housing Administration and are poised for a further rise. Delinquency, meanwhile, moved lower.
Finance of America Funds Over $18 Billion in 2016
More than $18 billion was originated in 2016 by Finance of America Holdings LLC. The mortgage servicing portfolio exceeded $4 billion as of year end.
Over 70 Mortgage Events Over 3-Month Period
More than 70 events related to real estate finance are taking place during the current 90-day period. Covered topics include reverse mortgages, leads and mortgage servicing rights.
Walter Slashes Servicing, Swings to Profit
Losses turned to profits during the last quarter of 2016 at Walter Investment Management Corp. The mortgage servicing portfolio significantly declined.
Ginnie Mae MBS Issuance Tumbles to 11-Month Low
It's been almost a year since securitizations at the Government National Mortgage Association were as slow as they were last month.
FHA Biz Off and Headed Lower, Delinquency Worse
Monthly business dipped slightly at the Federal Housing Administration and is likely to fall further. Residential loan performance, meanwhile, deteriorated.
2 Consecutive Months of Slower HECM Activity
For the second consecutive period, originations of federally insured reverse mortgages descended on a month-over-month basis.