Mortgage Profitability, Earnings and Repurchase Activity

Mortgage Profitability: Production and Servicing

Comparison of production and servicing income for top firms. 2010-2Q14 data presented quarterly.

2Q14 Data

2013 Data

2012 Data

2011 Data

2009-2010 Data

Poll

What is it going to take to convince lenders to loosen the credit box (i.e., remove underwriting overlays)?

The recent rep and warranty changes announced by the Federal Housing Finance Agency should go a long way in protecting lenders from future buybacks and help expand mortgage credit.

17%

There won’t be any significant elimination of underwriting overlays until the government stops seeking huge mortgage-related penalties and settlements from lenders.

72%

There shouldn’t be any expansion of the mortgage credit box since looser underwriting is what caused the recent mortgage crisis.

11%

Housing Pulse