Ginnie's FY 2017 MBS Issuance Up, Book Expands
Annual fiscal securitizations conducted on behalf of the Government National Mortgage Association increased, while the book of business continued to grow.
Wholesalers Offer HECM, Investor and Alt-Doc Loans
Among the latest wholesale lending offerings are federally insured reverse mortgages, investor loans and non-agency alternative documentation loans.
Biggest Reverse Mortgage Lender Hiring
Dozens of hirings are planned by the largest originator of government-insured reverse mortgages. The Lone Star State is the location of the new personnel.
Former Reverse Mortgage Giant Sold
The remnants of a company that was once among the largest originators of reverse mortgages are being sold. The sale includes servicing and nearly $1 billion in whole loans.
Biggest HECM Lenders
The annual volume of federally insured reverse mortgages increased. With the government's fiscal year concluded, the biggest reverse mortgage lender rankings are in.
MBS Issuance Up at Ginnie Mae
As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.
M.I. Firms Integrate With LOS
Two mortgage insurance companies have integrated with two loan origination systems, while a correspondent aggregator implemented an LOS. Meanwhile, data from a reverse mortgage LOS indicates significant growth in that market.
Reverse Mortgage Servicing Layoffs at Wells Fargo
The sale of servicing rights on reverse mortgages by Wells Fargo & Co. has resulted in a staff reduction of more than a hundred positions.
HECM Endorsements Jump to 4-Month High
Federally insured reverse mortgage production last month was higher than it's been in four months. The biggest lender maintained its standing.
AAG Is Reverse Mortgage Success Story
With the help of paid celebrities, American Advisors Group was able to take advantage of the exit of major players to grow and become the largest reverse mortgage lender.