As Rates Rise, VA's Streamlined Refi Program Slides Into Irrelevance January 30, 2023 John Bancroft Only 23 lenders completed IRRRL endorsements in the final three months of 2022.Read More
For the First Time Since Early 2019, Ginnie Issuance Below $100B January 18, 2023 Andras Malatinszky The VA side of the aisle took a larger hit, plummeting 23.6% to $39.72 billion...Read More
With the Ashes of RMF Smolderiing, Will FHA Act? January 17, 2023 Brandon Ivey RMF controlled a stunning 35% of the HECM MSR market...Read More
Congress Closed Out 2022 Approving New FHA Funding, More... January 6, 2023 Brandon Ivey Lenders were particularly happy about the increases in FHA’s budget.Read More
HUD IG: Loans in Ginnie Pools Not Always Insured January 3, 2023 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk...Read More
After a Strong Start Earlier in the Year, HECM Lending Faces a Correction December 28, 2022 Monica Hogan The top three HECM lenders through the first nine months of 2022: American Advisors Group, Mutual of Omaha Mortgage and Finance of America...Read More
Now-Defunct HECM Lender RMF Ranks Fourth Overall December 27, 2022 Paul Muolo The most significant Ginnie-related collapse since TB&W?Read More
A Sea Change: FHA Clears the Way for Dual Roles on the Same Loan. RESPA? December 22, 2022 Monica Hogan However, lender employees with a direct impact on a mortgage approval decision may not have multiple roles on FHA deals...Read More
Short Takes: Fitch on Finance of America / A Look at the Deal / Investing in the Future of FoA? / #1 in a Small Niche / Of Rate Hikes and Popularity December 15, 2022 Paul Muolo Earlier this month, FoA announced it would acquire the majority of AAG’s assets, largely residential reverse mortgages and servicing rights...Read More
Ginnie Issuance Off Again in November, Freedom’s Activity Plunges 59% December 14, 2022 Monica Hogan and Paul Muolo Planet Home Lending issued $1.9 billion in Ginnies, ranking fourth overall...Read More