Browsing Tag:Dips

public-firms-shine-mild-on-reverse-mortgage-earnings-as-ahead-dips
There aren't an abundance of publicly traded companies in the reverse mortgage finance space, however, it's hard to ignore an emerging narrative that has surfaced after many publicly traded companies - including two that operate in reverse - post their profits for the second Quarterly 2021: Conversely, mortgages are a bright spot.Both Ocwen Financial and Finance of America Companies...
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critical-mortgage-delinquency-charge-dips-additional-under-june-2020-degree
Mortgages delayed in payments by 90 days or more in May are at their lowest level since the pandemic spike in June 2020, CoreLogic reported Tuesday.Major defaults and foreclosures were 3.2%, 0.2 percentage points lower than 11 months ago when the 90-day default rate was 3.4%, according to the latest Loan Performance Insights report. The serious default rate...
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wholesale-and-retail-reverse-mortgage-quantity-dips-in-june-however-stays-sturdy
According to the latest report from Reverse Market Insight (RMI) HECM Originators, Home Equity Conversion Mortgage (HECM) endorsements were down 16.4% in June 2020 for a total of 4,203 loans. The decline followed a massive surge in endorsement in May and was still the second highest endorsement figure in over a year.The decline was led by the Wholesale...
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november-reverse-mortgage-quantity-dips-hmbs-issuance-rises-as-business-awaits-libor-shift
In the last monthly data decline for the year, Home Equity Conversion Mortgage (HECM) records saw another slight decline in November, declining 4.7% to 3,561 loans. This is the third time since May that HECM volume has fallen below 4,000 loans but is still above the numbers seen between February and April of this year, according to Reverse...
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