Browse articles from all of our Newsletters related to Bank Profitability.
January 12, 2017 - Inside Mortgage Finance
Banks and nonbanks alike are expected to unveil sizable mark-ups on the asset value of their mortgage servicing rights for the fourth quarter, with the general consensus being that increases will range from 20 to 25 basis points. One servicing advisor, requesting his name not be used, said he has some clients that will book gains of 30 to 35 bps, though he indicated this wont be the norm. In general, its going to be a huge move, he said. This source made...
January 6, 2017 - Inside FHA/VA Lending
Ginnie Mae guaranteed a total of $507.46 billion of single-family mortgage-backed securities in 2016, its biggest annual volume ever, according to a new analysis and ranking by Inside FHA/VA Lending. That was up 16.4 percent from the agencys previous record of $435.80 billion set in 2015. (Those figures include MBS backed by FHA home-equity conversion mortgages, which are not included in the table below or in the rankings on pages 3-5.) In 2016, Ginnie guaranteed $497.03 billion of MBS backed by traditional forward mortgages, also a record, which was up 16.9 percent from the previous year. The biggest factor in last years record-setting production was the boom in VA lending, particularly VA refinance loans. Issuers securitized a record $203.03 billion of VA loans last year, up 33.0 percent from the 2015 total. Some 54.3 percent of those loans were refinance transactions. Total VA refi loan ... [4 charts]
January 6, 2017 - Inside Nonconforming Markets
The portfolio holdings of first-lien residential mortgages at banks and thrifts continued to increase during the third quarter of 2016, according to a ranking and analysis by Inside Nonconforming Markets. Banks and thrifts held $1.93 trillion in first liens at Sept. 30, up 1.6 percent from the previous quarter and a 3.9 percent increase compared with the third quarter of 2015. Originations and acquisitions of mortgages both jumbos and non-jumbos ... [Includes one data chart]
January 5, 2017 - Inside Mortgage Finance
Ever since the nations financial crisis, commercial banks and other depositories have dominated the second-lien business and likely will continue to do so in the coming years, but that isnt stopping nonbanks from testing the waters once again. According to research by Inside Mortgage Finance, several nonbanks have slipped back into the market, albeit with muted production volumes. And many of the firms that have crept back in are partnering with depositories. The reason for the strategy is...
December 15, 2016 - Inside Mortgage Finance
The Federal Reserve late last week reported a modest 0.6 percent increase in the volume of single-family mortgages outstanding during the third quarter of 2016, the fifth straight quarterly gain in a market finally recovering from the housing meltdown. Still, at $10.123 trillion, the supply of mortgage debt outstanding was $1.118 trillion below the level it reached at the end of 2007. Most of the growth in the third quarter came...[Includes two data tables]
December 9, 2016 - Inside Mortgage Trends
Commercial banks and savings institutions gently nudged their valuations of mortgage servicing rights slightly higher in the third quarter as higher interest rates reduced prepayment expectations. A new Inside Mortgage Trends analysis of call reports shows banks put a fair market value of $36.17 billion on their MSR assets at the end of the third quarter. That works out to 0.93 percent of the principal balance of $3.879 trillion of loans serviced for others, up from ... [Includes one data chart]
- Top Players 3Q16
- Top 20 Lender Profiles 3Q16
- Mortgage Profitability 3Q16
- GSE Private MI Profile 3Q16
- GSE Seller Profile 3Q16
- GSE Repurchase Activity Thru 2Q16
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