Further oversight or legislation surrounding the mortgage industry will be the biggest challenge to loan originators in 2012, according to Hammerhouse’s Second Annual Survey of Originator Opinions. More than half of respondents, at 51%, believe the emergence of more regulations will be a critical issue facing the mortgage industry.

Mortgage and home equity lines of credit delinquencies are expected to rise, according to predictions by bank risk professionals polled by the Professional Risk Managers’ International Association in a survey sponsored by FICO (NYSE:FICO). For the third straight quarter, risk managers don’t seem to expect delinquency rates for mortgages, home equity lines, credit cards, auto [...]

When the reverse mortgage lender pool gets shallower, the volume splash grows smaller, according to the latest Reverse Market Insight HECM Trends report. Lender consolidation has been one of the biggest trends in the past three years, and the declining loan volume is proportional to the decreasing number of lenders. Whether or not having less lenders is [...]

Senior home equity increased $46 billion in the third quarter of 2011, according to data released on Wednesday by the National Reverse Mortgage Lenders Association (NRMLA) and the RiskSpan Reverse Mortgage Market Index (RMMI). In the third quarter of 2011, senior home equity went up 1.5% to 152.0, for a total of $3.19 trillion of available [...]

Despite home equity conversion mortgage (HECM) retail endorsements dropping double digits in November, total endorsements edged slightly upward thanks to a big boost by wholesale growth, reports Reverse Market Insight’s HECM Originators newsletter. With Wells Fargo’s presence growing ever fainter, HECM retail endorsements dipped 11.8% in November, but total endorsements stayed steady with a 0.2% growth [...]

The month of December wasn’t exactly the most magical time of the year for reverse mortgage originators, as the year’s endorsement volume finished on a modest down note, says the most recent HECM lenders report from Reverse Market Insight. Despite the small decline overall, MetLife (NYSE:MET) finished 2011 strong with endorsements at season-highs in the last [...]