More M&A deals are expected in the quarters ahead…

“By contrast, the 2017 HECM portfolio has a negative capital ratio of 19.84 percent and a negative economic net worth of $14.5 billion,” HUD said in its summary.

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…

PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

Also likely to pass: a bill that would exempt from property appraisal requirements a mortgage of $250,000 or less if it appears on the loan creditor’s balance sheet for at least three years…

Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.

Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...