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FHA’s Kolluri Touts HECMs to Help Seniors Age in Place

November 5, 2021
Monica Hogan
FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.
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Around the Industry

November 5, 2021
Monica Hogan
FHA extends deadline for feedback on proposed 40-year loan mods; Ginnie creates new MBS pool type; FHA delays effective date for reporting delinquent mortgage data to the FHA Catalyst reporting module.
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Agency MBS Volume Ebbs in October Despite Refi Bump

November 5, 2021
John Bancroft
Fannie was the only agency to boost volume last month as new issuance rose 2.1%.
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Mortgage Bankers Swimming in the Debt Pool Once Again

November 5, 2021
Paul Muolo
As servicing assets increase in value, the industry might see more nonbanks use MSRs as collateral for debt deals...
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A Strong Profit for Rocket, Originations Up 5%. MSR Sales Too

November 4, 2021
Paul Muolo

Rocket ended the July-September period with $521.0 billion of mortgage servicing rights on its books, up 2.8% sequentially...


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GSE Portfolios Gear Down in 3Q21, Profits Back to Earth

November 4, 2021
John Bancroft
Fannie and Freddie pared back their portfolio holdings designated to support future business in the third quarter. Earnings were down from an eight-year high reached in the second quarter. (Includes data chart.)
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Situs Adds Staff to Address Due Diligence Slowdowns

November 4, 2021
Paul Muolo
To meet the securitization needs of a robust mortgage market, SitusAMC has staffed up big time. But is it done adding heads?
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Prices for Non-QM Whole Loans are Robust. However…

November 4, 2021
Paul Muolo
No one’s shouting “fire” in a crowded non-QM movie house yet, but there are scattered concerns whole-loan pricing may have gotten ahead of itself. Something to keep an eye on?
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Ginnie Clarifies Seasoning for Refis of Modified VA Loans

November 4, 2021
Monica Hogan
Even with the clarification, some suggest VA lenders need more details to understand when they may refinance a loan included in a Ginnie-guaranteed MBS pool.
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Ginnie Creates New MBS Pool Type for 40-Year Mods

November 4, 2021
Monica Hogan
The new Ginnie Mae MBS pool type will contain loans that were modified to extend beyond the traditional 30-year terms.
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