Mortgage Daily

Published On: October 19, 2018

Reverse Mortgage News

Last Updated October 19, 2018 11:43 AM Central

 

FHA Endorsements Edge Higher, Book of Biz Grows
Monthly residential government-insured mortgage production, including reverse mortgages, was nudged up, though commercial real estate endorsements plunged. The book of business continued to grow.Annual HECM Endorsements Sink to 13-Year Low
The volume of reverse mortgages insured by the federal government descended last month, leaving annual activity at the lowest level in 13 years. New appraisal requirements are likely to exacerbate the slowdown.2nd Appraisal to Be Required on Some HECMs
Ongoing losses in the government-insured reverse mortgage program have led to a new policy that will require a second appraisal on some transactions.

Proprietary Reverse Mortgage Programs Proliferate
As home equity among seniors continues to balloon, the pace of government-insured reverse mortgage lending has slowed. But several proprietary programs have been created to pick up the slack — including a new second-lien product.

FHA Delinquency Tumbles, Endorsements Edge Up
There was a monthly up tick reported in new business at the Federal Housing Administration, though a dip will likely follow. Single-family delinquency tumbled 48 basis points.

Ginnie’s Jumbo Issuance Sinks to 4-Year Low
As monthly issuance ascended to the highest level in nine months at the Government National Mortgage Association, jumbo securitizations retreated to a low not seen in nearly four years.

HECM Endorsements Up 2 Months in Row
For the second consecutive month, the production of federally insured reverse mortgages has nudged higher. But activity remains well short of the year-earlier level.

Ginnie’s HMBS Issuance Falls to Nearly 4-Year Low
Reverse mortgage securitizations on behalf of the Government National Mortgage Association fell to an almost four-year low. Overall issuance was little changed.

FHA Endorsements Inch Up, Might Rise More
Monthly Federal Housing Administration business inched higher and might accelerate further. Delinquency turned sharply higher, and reverse mortgage production was the slowest it’s been in four years. But commercial mortgage endorsements doubled.

Mortgage Originations Up at Finance of America
New quarterly mortgage business was better at Finance of America Holdings LLC. But the size of the company’s servicing portfolio and staff was down.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN