Automatic Web Traffic Generator

HUD: Falling HECM Volume, Principal Limits Reflect Latest Program Changes

In an effort to illustrate the impacts of the latest reverse mortgage program changes, Federal Housing Administration officials presented supporting data at the the annual National Reverse Mortgage Le... read more

House Financial Services Subcommittee on Insurance, Housing and Community Opportunity Hearing

Chairman Biggert, Ranking Member Gutierrez, and members of the subcommittee, thank you for the opportunity to testify today regarding the Federal Housing Administration (FHA) mult read more

Ambac Sues BofA; Golden First Mortgage's Judgment; Fannie, Freddie, FHA Updates

Happy New ... volume was light Wednesday and will be again today, making it somewhat easier to move the market. As we head into 2015 the hot buttons, guaranteed to change, include continued repression ... read more

CIT Group's (CIT) CEO Ellen Alemany on Q2 2016 Results - Earnings Call Transcript

In small ticket equipment finance, new business volume ... HECM interest curtailment retirement reserve, which is described on slide 19 in the presentation. We also previously disclosed the ongoing in... read more

One Year Later, Reverse Mortgage Leaders Reflect on the October 2017 Changes

Stemming from the Home Equity Conversion Mortgage program changes last October, the last 12 months have brought lower origination volume ... to the HECM appraisal process. When last year’s HECM change... read more

Ditech Holding Corporation Announces Full Year And Fourth Quarter 2017 Highlights And Financial Results

The current year net loss included non-cash fair value charges of $157.1 million due to changes in ... our ability to fund HECM repurchase obligations, our ability to assign repurchased HECM loans to ... read more

Obama's Newest Housing Initiative; Covered Bonds; Delinquencies Down; FDIC Bank Closures; Lender Updates

In totally unrelated news to mortgage banking, GFE's, and investor changes ... or the unpaid principal balance (UPB) of the loan. In addition, this Friday Flagstar is discontinuing all FHA 1-Year ARM ... read more

Nationstar Mortgage Holdings (NSM)

The indentures for the unsecured senior notes contain various covenants and restrictions that limit the ability to incur additional ... the Company may redeem up to 35% of the aggregate principal amou... read more

House Financial Services Subcommittee on Insurance, Housing and Community Opportunity Hearing

Private reverse mortgage programs came to the market just prior to the Department of Housing and Urban Development (HUD) launched its pilot HECM program in 1989 ... without federal assistance. n2 The ... read more