Celink, the nation's largest reverse mortgage subservicer, has been approved by the Government National Mortgage Association to be an issuer of securities backed by home equity conversion mortgages or HECMs. Celink says the approval will allow it to function as a subcontract servicer on any HECM MBS. Celink's reverse mortgage servicing portfolio exceeds $5.8 billion. The company already had approvals to be a HECM participation agent.
The government-sponsored enterprise oversight chief said his agency is focusing on select fees applied to mortgages that lenders sell to Fannie and Freddie.
Fast tracking closing and funding is the critical differentiator among lenders, the 2026 Mortgage-Home Equity Scorecard report from Keynova found.
Close to one in four homeowners are currently making additional payments toward their mortgage principal beyond the monthly amount due, according to Rocket.
The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.
The annualized new single-family home sales pace, an indicator of the U.S. Census Bureau's New Residential Sales report, declined in three of the last four months.
Despite Treasury intervention to calm bond yields, persistent deficit pressure continues to trap mortgage rates, keeping application volume flat and squeezing origination revenue.
