Retail and Wholesale HECM Production Slumps
Government-insured reverse mortgage production was down again for both retailers and wholesalers, though wholesale has slowed for more consecutive months.
Mortgage Educators Tackle Sales, Reverse Mortgages
Reverse mortgages and loan originator sales development are among some of the topics covered in recent releases of mortgage-related education services and events.
HECM Production Creeps Higher
Although monthly government-insured reverse mortgage volume inched up last month, originations in the sector remain low by historical standards.
Ginnie MBS Issuance Hits 11-Month High
Securitizations completed on behalf of the Government National Mortgage Association were the highest they've been in almost one year.
LOS Enhancements Address TRID, HECMs
Reverse mortgage originations and compliance with TILA-RESPA integrated disclosures will be easier as a result of recent enhancements to, and integrations with, loan origination systems.
Proprietary Reverse Mortgage Biz Up as FHA Falls
Although the monthly volume of government-insured reverse mortgages has recently fallen, originators of proprietary reverse mortgages pushed up activity.
Monthly FHA Business Softens, Delinquency Up
The government insured slightly fewer home-related loans in the most-recent month of activity. Loan performance was also slightly worse on a month-over-month basis.
Ginnie MBS Issuance Jumps to 9-Month High
Securitizations on behalf of the Government National Mortgage Association climbed to the highest level they've been in nine months.
HECM Production Plunges to Lowest Since 2014
The volume of federally insured reverse mortgage production last month descended to the lowest level since the summer of 2014.
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.