Mortgage Profitability Report 3Q16

The third quarter of 2016 was the best quarter in a year in terms of mortgage-banking profitability. In fact, results for the quarter were a 45 percent improvement over the previous three-month period, thanks to reduced volatility in mortgage servicing rights valuations and an upswing in production volume.

Individual results varied dramatically, including quarter-over-quarter decreases in the 9 percent range at top lenders JPMorgan  Chase and Wells Fargo and greater than tenfold increases at Fifth Third and Everbank.

Learn more about the financial twists and turns at mortgage companies with Inside Mortgage Finance’s Mortgage Profitability Report. Issued quarterly, this report digs into the financial performance for hundreds of lenders, so you know what’s contributing—or detracting—from their bottom lines.

The report includes exhaustive lender-by-lender rankings of the latest mortgage-banking earnings and sales activity figures as well as orderings showing the current state of lenders’ repurchases and mortgage servicing rights assets. In addition to the micro detail by lender, the report provides marketwide analysis of these important performance measures and additional profitability information on the industry’s biggest players.

Use the Mortgage Profitability Report to get a firm handle on how well your own efforts are faring compared to the competition and the industry as a whole. You’ll also have the information you need to see where the market is going so you can get there with, or before, it.

You’ll have in-depth numbers on

  • Bank Mortgage-Banking Earnings
    Net income results for all institutions (813 institutions in 3Q16) and the market.
  • Mortgage Earnings Snapshot
    Quarterly earnings for a selection of institutions based on earnings reports.
  • Mortgage Profitability: Production vs. Servicing
    Comparison of production and servicing income for top firms.
  • Bank Mortgage Sales Activity
    Mortgage sales results for the banking operations of all lenders (890 lenders) and the market.
  • Bank/Thrift Mortgage Repurchase/Indemnification Activity
    Ranking of institutions (204 institutions) by repurchase volume
  • Bank Mortgage Servicing Rights Assets
    Unpaid principal balance of servicing for others and fair market value of MSRs for all institutions (1,526 institutions).

Choose "PDF Format" for immediate download of document. You will also be able to access the document, at any time, through the "My Account" feature on insidemortgagefinance.com.

Choose "Subscription" and download the current quarterly report immediately. We'll load the next three quarterly reports to your insidemortgagefinance.com account as soon as they are published and notify you by email.


PDF Format, 3Q16 edition - $536.00
Print Edition, with US shipping, 3Q16 edition - $536.00
Print Edition, with international shipping, 3Q16 edition - $586.00
Subscription (4 quarterly reports, PDF format) - $1,246.00

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results