Finance of America Funds Over $18 Billion in 2016
More than $18 billion was originated in 2016 by Finance of America Holdings LLC. The mortgage servicing portfolio exceeded $4 billion as of year end.
Over 70 Mortgage Events Over 3-Month Period
More than 70 events related to real estate finance are taking place during the current 90-day period. Covered topics include reverse mortgages, leads and mortgage servicing rights.
Walter Slashes Servicing, Swings to Profit
Losses turned to profits during the last quarter of 2016 at Walter Investment Management Corp. The mortgage servicing portfolio significantly declined.
Ginnie Mae MBS Issuance Tumbles to 11-Month Low
It's been almost a year since securitizations at the Government National Mortgage Association were as slow as they were last month.
FHA Biz Off and Headed Lower, Delinquency Worse
Monthly business dipped slightly at the Federal Housing Administration and is likely to fall further. Residential loan performance, meanwhile, deteriorated.
2 Consecutive Months of Slower HECM Activity
For the second consecutive period, originations of federally insured reverse mortgages descended on a month-over-month basis.
Former Executives of Big Mortgage Firms Recruited
Some smaller and younger mortgage banking organizations have recruited former executives from large, more established home lenders.
Ginnie MBS Outstanding at All-Time High
Despite a decline in monthly securitizations guaranteed by the Government National Mortgage Association, its book of business reached a record.
HECM Endorsements Up From Year Earlier
Although there was a month-over-month decline in federally insured reverse mortgage production, activity accelerated on a year-over-year basis.
Several Topics to Be Covered at Mortgage Events
Topics to be covered at several upcoming events tied to home lending include mortgage servicing rights, reverse mortgages and social media. Compliance is also on the agenda.