Servicing Portfolios Slowly Shift Toward Higher Interest Rates April 12, 2024 John Bancroft At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
Reverse Lender CEO Earned $3M Last Year April 2, 2024 Paul Muolo In 2021, while serving as FoA's president, Fleming's pay package totaled $17.6 million...Read More
Origination Watch: Reverse Mortgages Take It on the Chin April 1, 2024 Monica Hogan One positive sign for HECMs: Roughly 10,000 Americans, some house rich but cash poor, turn 62 every day...Read More
Ginnie Receives Boost in Budget Approved by Congress March 21, 2024 Monica Hogan The budget approved by Congress for Ginnie Mae for fiscal year 2024 included the largest annual increase in funding in the agency's history.Read More
Ginnie MBS Issuance Up Nearly 10% in February March 20, 2024 Brandon Ivey The increase was driven by refinances, particularly VA refis.Read More
VA Alters Long-Pending IRRRL Proposal March 18, 2024 Monica Hogan Comments on the add-on notice are due May 6.Read More
FHA, VA Lending Declines in Fourth Quarter March 5, 2024 Monica Hogan Combined, FHA and VA lending declined by 17.7% in the fourth quarter.Read More
Top-Ranked Reverse Lender Working on Plan to Avoid Delisting; Debt Price Weak February 20, 2024 Paul Muolo One possible option for Finance of America is a reverse stock split...Read More
Agency Share of MI Activity Increases in Fourth Quarter February 16, 2024 John Bancroft New originations of loans with primary mortgage coverage fell off in the fourth quarter, with private mortgage insurers getting squeezed the most.Read More
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