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");document.write("FHA Biz and Delinquency Improve, HECM Biz Spikes
Monthly residential production picked up at the Federal Housing Administration, with reverse mortgage endorsements spiking. Single-family delinquency was down, and commercial mortgage endorsements jumped.

As of Jan. 31, FHA insurance was in force on 8,614,126 residential loans for $1.3183 trillion, according to an analysis of data reported by the Department of Housing and Urban Development.

The total included $1.1699 trillion in single-family loans, $0.1474 trillion in home-equity conversion mortgages and $0.0001 trillion in Title I loans.

");document.write("Mortgage Bankers Cut Q2 Purchase Forecast
Mortgage bankers have lowered their outlook for the second-quarter volume of loans made to finance a home purchase, though there was a slight bump in projected refinances.

Overall mortgage originations, including purchase financing and refinancing, is expected to work out to $346 billion during the first quarter of this year.

Production by all U.S. home lenders is then projected to reach $444 billion three months later and ascend further -- to $450 billion -- during the third quarter.

");document.write("Growing Non-QM Wholesaler Adding TX Staff
A wholesaler that has capitalized on the origination of loans that don't meet the requirements for Qualified Mortgages has opened a new Texas facility with plans to hire dozens of new employees.

Atlanta-based Angel Oak Mortgage Solutions LLC claims that it is the largest wholesale and correspondent provider of non-QM loans.

Parent Angel Oak Companies recently reported that non-QM originations from all of its affiliates, including Angel Oak Mortgage Solutions, came to $1.1 billion during 2017.

Despite recent escalation in mortgage interest rates, serious delinquency held steady last month. Current conditions suggest further continued strong performance.

Including first and second mortgages, bank cards and automobile loans, consumer delinquency of at least 90 days was 0.96 percent as of Feb. 28.

Serious consumer delinquency inched up a basis point compared to the preceding month. A 2-basis-point year-over-year increase was recorded for the 90-day rate.

");document.write("GNMA Jumbo Issuance at 3-Yr Low, HMBS at 6-Yr High
Monthly securitizations retreated at the Government National Mortgage Association. As jumbo issuance fell to a three-year low, reverse mortgage securitizations were the most in at least six years.

The aggregate unpaid principal balance of Ginnie Mae mortgage-backed securities outstanding as of Feb. 28 came to $1.9342 trillion, according to an analysis of monthly operational data.

Government-owned Ginnie's book of business increased from $1.9242 trillion one month earlier. It has also expanded from 1.7982 trillion as of one year earlier.

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