The measure comes at a time of sinking fortunes for reverse mortgage originators: HECM production totaled $8.4 billion through the first nine months of 2019, a steep 27.8% drop from the comparable period a year earlier...
Overall, 78.2% of veterans and 42.7% of active-duty military are homeowners compared to 61.8% of non-military and 64.0% of the total U.S. population...
Some of the provisions in Ginnie's proposed Digital Collateral Guide have the potential to create unnecessary strains on issuers, according to the MBA.
Production of FHA-insured reverse mortgages fell in the third quarter of 2019 despite of a strong housing market, according to an Inside FHA/VA Lending analysis.
Home Equity Conversion Mortgage originations fell in the third quarter de-spite a buoyant housing market. FHA policy changes continue to dampen buyer enthusiasm for the product. (Includes two data charts.)
Finance of America Reverse has announced a new offering backed by active, first-lien Home Equity Conversion Mortgage loans purchased from Ginnie Mae pools and other third parties.