The seriously delinquent rate for FHA and VA loans declined by 47 basis points and 3 bps, respectively, during the first quarter, IFHA found.

Freedom Mortgage removed $32.1 billion of home loans from Ginnie MBS during the first quarter, mostly due to borrower payoffs. (Includes data chart.)

Reverse mortgage production declined 8.1% in the fourth quarter. However, endorsements spiked 54.5% year over year. (Includes two data charts.)

Home Equity Conversion Mortgage production increased 19.6% in the third quarter and a whopping 56.9% through the first nine months of 2020.

When it comes to early buyouts, most of the action, to date, has centered on FHA product.

Freedom Mortgage and PennyMac remained the top Ginnie MBS issuers in November, though their monthly production was down slightly. Quicken and Lakeview gained ground. (Includes two data charts.)

It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)

The delinquency rate rose 54.9 basis points month-on-month to 18.33% in October. (Includes data chart.)

Was FHA chief Dana Wade out of line on her criticism of the high-cost loan limit? Not really but it was (sort of) rare.

FHA delinquencies are a paramount concern for regulators and lenders but the MMIF closed fiscal 2020 on solid footing. (Includes data chart.)