2 Mortgage Acquisitions as 2 Firms Raise Capital
A financial institution and an established mortgage banker have reached agreements to acquire a pair of residential lending firms, while two other companies are getting new capital.
Proprietary Reverse Production Up More Than HECM
A bigger month-over-month increase in volume was recorded for proprietary reverse mortgages than government-insured activity. Wholesale rose more than retail.
Ginnie MBS Issuance Surges to New Record
Monthly loan securitizations on behalf of the Government National Mortgage Association soared to a new all-time high, with jumbo activity reaching a record high.
Retail HECM Endorsements Down More Than Wholesale
Although monthly originations of government-insured reverse mortgages were off less than 5 percent at wholesalers, retailers experienced a more than 7 percent drop.
MBS Issuance at All-Time High at Ginnie Mae
The Government National Mortgage Association saw its monthly securitizations of real estate loans reach the highest level in its history.
FHA Endorsements Maintain, Delinquency Up Again
Monthly production of mortgages that are insured by the government mostly held up but is likely to move lower. Residential delinquency worsened for the fourth consecutive month.
Reverse Mortgage at Heart of Movie Plot
A reverse mortgage that lands in foreclosure is behind a string of Texas bank robberies that take place in a fictional outlaw motion picture.
HECM Originators Reverse Slump
After falling to the lowest level in nearly two years, originators of government-insured reverse mortgages pushed monthly volume to a five-month high.
FHA Delinquency, New Business Increase
For each of the past three months, residential delinquency has deteriorated at the Federal Housing Administration. But cnew residential business climbed to the highest level in eight months.
Retail HECM Originations Up, Wholesale Down
While the monthly volume of government-insured reverse mortgages increased from the retail channel, the wholesale channel experienced a decline.