2-Year High for HECM Production
It has been more than two years since originators of federally insured reverse mortgages have been as busy as they were last month. Volume was up by over half at an Ocwen Financial Corp. unit.
FHA Business Improves, Delinquency Declines
More residential lending products were insured by the government on a monthly basis, while delinquency on government-insured mortgages moved lower.
Wholesale HECM Originations Accelerate
While monthly government-insured reverse mortgage originations from the retail channel were up, the increase for the wholesale channel was more substantial.
Originations, Servicing Grow at Walter Investment
Walter Investment Management Corp. lifted mortgage originations, expanded its residential loan servicing portfolio and cut its losses. Mortgage delinquency, however, deteriorated.
Ginnie Mae Issuance Climbs to Record High
Residential and commercial mortgage securitizations backed by the Government National Mortgage Association surged to the highest level in the history of the company.
HECM Originations Slow
Originators of federally insured reverse mortgages lost momentum last month, though volume moved ahead on a year-over-year basis.
May Slows for Retail, Wholesale HECM Originators
Retail and wholesale originators of government-insured reverse mortgages suffered a slight setback in May, and the month proved to be no more productive for proprietary lenders.
Res Issuance Overcomes Multifamily Drop at Ginnie
Although issuance of Ginnie Mae securities backed by multifamily loans took a tumble last month, residential activity more than made up the difference.
FHA Delinquency Surges
The rate of past-due payments on government-insured home loans surged nearly 70 basis points despite a decline in the foreclosure rate. New government loan production softened.
HECM Production Surges to 22-Month High
It's been more than a year-and-a-half since the production of government-insured reverse mortgages was as strong as it was last month.