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.
Ditech Originations Dip But Likely Turning Higher
Though quarterly originations softened at Ditech Holding Corp., an increase is underway for the current period. The servicing portfolio continued to shrink, as did reverse mortgage headcount. Losses subsided, but liquidity remains a huge concern.
Monthly HECM Endorsements Up From Decade Low
As federally insured reverse mortgage production had a moderate bounce off decade-low monthly volume, the biggest originators retreated again.
Losses Continue at Ocwen, Originations Down
At a time when most of the industry is seeing origination gains, Ocwen Financial Corp. had a decline. Losses continued, and staffing was diminished, but delinquency improved.
SF Endorsements Up, Delinquency Down at FHA
Monthly new business was moderately higher in the Federal Housing Administration's residential business, while loan performance improved. But commercial mortgage endorsements plunged.
Nationstar Mortgage Reports Solid Originations
Home lending increased on a quarter-over-quarter and year-over-year basis at Nationstar Mortgage Holdings Inc. Servicing slipped, earnings swung to a profit, and delinquency declined..
Monthly Issuance Rises at Ginnie Mae
A modest improvement was made in monthly securitization volume at the Government National Mortgage Association. But a year-over-year drop was also reported.
Decade-Low Monthly Reverse Mortgage Production
It's been more than a decade since the production of new federally insured reverse mortgages came in as low as it did last month.