FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.
Positive results in the forthcoming audit report to Congress on the status of the FHA insurance fund could prompt a reduction in premiums (or so the industry hopes).
Lenders need to do more to boost first-time homeownership among low- to moderate-income households, according to panelists speaking at the Mortgage Bankers Association’s annual convention.
A number of companies gained market share in government lending during the second quarter as the industry leaders, Freedom Mortgage and PennyMac, reported declining production. (Includes data chart.)
Refinances made up nearly 50% of the reverse mortgages originated in the second quarter of 2021. Overall volume in the HECM market increased in the first six months compared to the same period a year earlier. (Includes two data charts.)
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