GSE Seller Profile
The lions share of mortgage originations continue to find their way into Fannie Mae and Freddie Mac securities, making sales to the GSEs a good indicator of what is happening in the mortgage market as a whole.
In its quarterly report GSE Seller Profile, Inside Mortgage Finance examines GSE sales lender by lenderfor every lender that made a sale to a GSE during the three-month period. Youll have detailed information on where the loans are coming fromretail, correspondent or broker. Youll have particulars on the loan demographicsFICO score, loan-to-value, debt-to-income and loan size averages. Youll also see how the sales break down by product typerefinance or purchase. Dig deeper into the channel-specific data to get even more narrowly focused information on loan demographics and product type.
The particulars allow you to compare and contrast your results, as well as your products and processes, with the rest of the market to root out refinements and new approaches that will improve your own results.
The current report looks at the 1,855 sellers to the GSEs in the second quarter of 2014 and reports on their activity. Youll find:
- Ranking of the 1,855 sellers by volume with detail on their market share, volume by channel, volume by loan purpose and average loan characteristics.
- An alphabetical listing with rank, total volume and market share and detail on each sellers volume by channel, volume by loan purpose and average loan characteristics.
- Separate rankings of GSE sellers by channel with channel volume and market share. These rankings provide separate detail on average credit score, DTI, LTV and loan size for refinance and purchase loans.
- Average coupon for the Top 100 sellers for each month in the quarter. Youll find coupon rate for all loans as well as for each purpose and each channel.
The data in the GSE Seller Profile are derived by IMFs research team from Fannie Mae and Freddie Mac loan-level mortgage securities disclosures.
Find out whos doing what to score more business. For example:
- Who is making use of correspondents and brokers, and what type of business are those channels bringing in.
- Who is lending to low FICO customers and what do the other loan demographics look like.
- Who is doing a lot of purchase-money business and what kind of loans are they making.
- By lender, what are the average FICO, DTI, LTV, size, refi share, and channel breakdown.
- Whose business would match up well with yours to create a successful partnership.
From the 2Q14 report, you would learn
- While 94 percent of 2Q GSE sellers originated loans in the retail channel, only 14 percent sold loans brought in by correspondents and just 11 percent sold brokered loans. But some sellers relied heavily on these smaller channels: Homebridge Financial Services, ranked 37th for total volume of loans sold to the GSEs in the second quarter, sourced 52 percent of its Fannie Mae and Freddie Mac loans from brokers, while Members Mortgage Services (#314) picked up all its loans from correspondents.
- RPM Mortgage (#171) made larger-than-market loans (average loan size $311,291 compared to the market average of $174,955) while also hitting most of the loan characteristics above the market numbers. The exception was debt-to-income ratio: RPMs average was 36.4 percent while the market average was 32.25 percent.
- Bayview Loan Servicing made all of its retail loans for refinancing and had an average loan size of $148,183. But its correspondents brought it purchase loans as well and the loans, regardless of purpose, were considerably larger than Bayviews retail-generated lending. The purchase-money loans from correspondents had an average size of $286,046; the refi loans, $423,186.
- In June, the loans that Green Tree Servicing sold to the GSEs had an average coupon of 4.779 percent. The rate for loans it generated from the retail channel was 4.950 percent. The rate on the purchase-money loans it made was 4.644 percent.
Choose the purchase option that best suits your needs:
- Subscribe to GSE Seller ProfileReceive quarterly updates in Excel format. With this option, youll always have current information on the strategies that others employ when dealing with Fannie Mae and Freddie Mac. Youll also have full flexibility to sort and view the data in the way best suited to your research...$3,777 per year
- Purchase current-period GSE Seller Profile in Excel formatDelivered in spreadsheet format, youll have unlimited flexibility to sort and view the information from the most recent quarter .$1,897
- Purchase current-period GSE Seller Profile in PDF or in printThis report provides details for each of the 1,853 companies who sold loans to the GSEs in 1Q14 .$897
- Purchase the GSE Seller Profile for past quarters in Excel format, PDF or print. (Not all formats available for all past periods.)
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- GSE Repurchase Activity Full Year 2013
- Servicing Strategies and MSRs
- Non-Qualified Mortgages
- CFPB Exam and Enforcement
- Mortgage Buybacks Guide 2014
- Mortgage Originations Channels
- CFPB Mortgage Disclosure Requirements
- Qualified Residential Mortgages and Risk Retention
- CFPB's LO Comp Rule
- Ability-to-Repay Rule and Qualified Mortgages
- Fair Lending Compliance
- CFPB Regulation of Mortgage Servicing
Home-equity lending is beginning to show new life. My company (pick one):
- Plans to enter this market over the next 12 months.
- Is already making home equity loans and hopes to increase the offerings.
- Is in the market but dont expect much growth.
- Is not making second liens and has no plans to do so.
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