Wholesale HECM Volume Higher
Home-equity conversion mortgages originated by third parties climbed to the highest level in more than a year and, in the process, the title of biggest reverse wholesaler changed hands.

Reverse Volume Drops
Reverse mortgage originations fell last month -- though the biggest lender managed a gain.

MetLife Fundings Fall
Quarterly mortgage production fell by a third at MetLife Home Loans. But mortgage headcount grew, reverse mortgage originations were higher and the servicing portfolio increased.

Reverse Lender Facing Loss of FHA Approval
A reverse mortgage lender in Hawaii faces the loss of its Federal Housing Administration approval over allegations it failed to meet FHA quality control requirements, didn't provide reverse mortgage prospects with adequate disclosures and confused borrowers by promoting annuities alongside its reverse programs. It's at least the third time the company has faced regulatory actions.

FHA Business Lower, Reverse Higher
Despite a monthly increase in the volume of home-equity conversion mortgage endorsements, overall endorsements on loans insured by the Federal Housing Administration declined. In addition, average credit scores were lower. But new applications saw a healthy increase.

California Enacts Several New Mortgage Laws
Loan originators, reverse mortgage lenders and appraisal management companies are all impacted by sweeping new mortgage laws in California. Lenders to non-English speaking borrowers and lenders on higher priced loans are also impacted.

Reverse Volume Down, But 1 Lender Forecasts Growth
Monthly reverse mortgage volume fell, and declining applications indicate additional declines are ahead. A reverse lender that recently received its "Full Eagle" projects it will quadruple its loan origination base, while a reverse mortgage wholesaler expanded.

Wholesale Reverse Business Off
Wholesale reverse mortgage production declined in August, though surging originations at one firm helped it become the second-biggest wholesaler for the month. MortgageDaily.com corrected a story Tuesday that mistakenly identified retail reverse originations by lender as overall production at the companies.

Reverse Originations Rise
As the volume of home-equity conversion mortgages rose last month, the second biggest reverse mortgage lender gained ground on the top originator.