Latest Updates Around The World
Initial, or first participation, HMBS production was $382 million in January, $90 million above December’s $292 million and $49 million above November’s $333 million, but $24 million below January 2025. Tail issuance totaled $179 million, down from $189 million in December. The 72 pools include 23 original pools, 46 tail pools and three mixed pools. […]
Longbridge financial followed in second place with $1.44 billion, or 23% of the market. Mutuality of Omaha Mortgage And PHH Mortgage Corp. rounded out the top four with issuance of $1.16 billion (19%) and $1.09 billion (18%), respectively. In his latest commentarypublished Monday, New View Advisors said there would be 10 HMBS issuers by 2025, […]
The discussion also coincides with a rise in private-label reverse mortgages, which New View estimates now account for about 40% of market activity. New view addressed each of the 21 questions asked in the RFI. She believes that some of the reforms she proposes can be implemented immediately, while others could take a year or […]
“It is a good indication that HUD and Ginnie Mae are paying close attention to these critically important programs given our nation’s aging population,” said Steve Irwin, chairman of the National Association of Reverse Mortgage Lenders (NMRLA). “They can not only create greater efficiencies, but also reduce the regulatory burden that may come with these […]
Last month Jon McCue of RMI said it was difficult to identify trends in HECM notes because the Federal Housing Administration (FHA) had not released his production report since February. But the FHA recently updated the report with data until May. “In essence, notes generally follow 60 to 90 days after the applications. With that, […]
