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Browse articles from all of our Newsletters related to Market Data.

December 9, 2016 - IMFnews

Subprime Loan Performance Improves, but Servicing Continues to Run Off

Caliber Home Loans was the only subprime servicer among the top 10 to increase its subprime portfolio compared with the third quarter of 2015


December 9, 2016 - IMFnews

Mortgage Stocks Take Part in the ‘Trump Rally’

Late this week, Nationstar’s common was selling for $19.17 a share, just pennies below its yearly high. PennyMac Financial topped its high for the year.


December 9, 2016 - IMFnews

Solid Growth in Outstanding 1-Family MBS During 3Q16; Strong Demand from Investors

The Federal Reserve continues to be the largest investor in the MBS market, though it has long since stopped growing its portfolio…


December 8, 2016 - IMFnews

Agency Jumbo Production Outpaced ‘Traditional’ Jumbo Originations in 3Q16

The third quarter saw a sharp increase in refinance originations that appeared to give a bigger boost to government and conventional-conforming production than the jumbo market got.


December 7, 2016 - IMFnews

MBA: 94 Percent of Mortgage Lenders Profitable in 3Q16. But Can it Last?

First the good news: origination profits were strong in 3Q16. Now the bad: the recent rate rise is going to hurt.


December 7, 2016 - IMFnews

FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate

The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.


December 6, 2016 - IMFnews

Higher GSE Loan Limits Won’t Have Much of an Impact on Jumbos

Of the $292.98 billion in non-agency jumbo mortgages originated in 2015, 3.1 percent were in areas where the loan balance would have been eligible for delivery to the GSEs under the loan limits set to take effect in January.


December 6, 2016 - IMFnews

Warehouse Sector Continues to Hum Along, but Managers Concerned about Rising Rates

Despite the uptick in rates, warehouse providers appear to be happy (for now) and, like their nonbank clients, most expect the competition to suffer and not them.


December 5, 2016 - IMFnews

AEI Slams NAR’s First-Time Homebuyer Stats

The National Association of Realtors defended its first-time homebuyer surveys…


December 5, 2016 - IMFnews

Jumbo Servicing Up 10.2 Percent Year Over Year

The volume of jumbo mortgages outstanding rose to an estimated $892.4 billion as of the end of September…


December 2, 2016 - Inside FHA/VA Lending

Around the Industry

US Court Issues Injunction on DOL’s Overtime Pay Rule. A federal judge in Texas granted states’ motion to block the Department of Labor’s controversial overtime pay rule set to take effect on Dec. 1, 2016. In late breaking news, the Department of Justice said it will appeal the injunction. The decision handed down by Judge Amos Mazzant of the US District Court for the Eastern District of Texas would deprive approximately 4.2 million workers who stand to benefit from the rule. Twenty-one states, a coalition of business organizations and the Plano Chamber of Commerce challenged the rule in separate amici briefs, arguing they stand to lose money if the final rule takes effect. The final rule would require employers to pay a higher salary level for certain employees to be exempt from overtime. In addition, it would automatically update the minimum salary level every three years. In his decision, Mazzant determined that ...


December 2, 2016 - Inside FHA/VA Lending

FHA Raises Loan Limits for HECMs, Forwards; VA Follows Freddie Mac

The FHA this week announced higher “floor” and “ceiling” loan limits for forward and reverse mortgages for 2017, pushing loan limits upward in certain metropolitan statistical areas by as much as $162,500. The loan-limit changes will take effect on Jan. 1, spurred by rising median home prices. The Case-Shiller Home Price Index for September reported that home prices increased 5.5 percent year-over-year, driven by a tight supply of homes for sale, especially in the West. Each year, FHA recalculates its loan limits based on 115 percent of the median house price in the area. For counties located in MSAs, the loan limit is calculated based on the highest-cost county within the MSA. Under the 2017 changes, FHA will raise its nationwide “floor,” or low-cost area mortgage limits, for one-unit properties to $275,665 from $271,050, a difference of $4,615. In high-cost areas, the loan-limit ceiling for a ... [ 2 charts ]


December 2, 2016 - IMFnews

What We’re Hearing: Will the GSE-Investing PE Firms Get Greedy? / Buy Low, Sell High? / How Plugged In is Mnuchin? / Will Trump Try to Bring White Collar Jobs Back Home Too? / The Strange Case of Nebraska and FHA Loan Limits / Meg Burns Gets Promoted

Will the GSE-investing PE firms blow it?


December 1, 2016 - IMFnews

Refis Fueled 3Q16 Originations, but Purchase Business Remained Robust

One notable change in the market over the past three years has been the gradual increase in cash-out refi lending.


November 30, 2016 - IMFnews

Bank Holdings of Non-Mortgage ABS Continued to Fade, But the Market Itself Stalled in 3Q16

The ABS market itself shrank slightly during the third quarter, according to data reported by the Securities Industry and Finance Markets Association...


November 30, 2016 - IMFnews

Mortgage Complaints Down 6 Percent from Last Year

Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…


November 29, 2016 - IMFnews

Mortgage Repurchases Rise Again, but there’s a Reason: BofA

The banking industry still has a hefty $4.59 billion of reserves for future repurchase expenses…


November 28, 2016 - IMFnews

Short Takes: Waiting on Doctor Carson (for HUD Secretary) / Wells Fargo Continues its Dominance in Two Channels / The Worth of GSE Common? / Watching the 10-Year / Moody’s on Primary Capital

Is the 10-year bond in for a massive correction? Maybe, maybe not...


November 28, 2016 - IMFnews

Investors Continue to Bid Up the Share Price of GSE Common. Can it Last?

Fannie Mae common has a “market cap” of $17.68 billion while Freddie is valued at $9.79 billion…


November 28, 2016 - IMFnews

Final 3Q16 Tally: Brokers and Correspondents Gained Market Share, Retail Declines

In the broker/wholesale channel, United Wholesale Mortgage and Caliber Home Loans posted strong growth rates…


November 25, 2016 - Inside The GSEs

GSE 1-Family Business Slump in October, Credit Box Unchanged

Fannie Mae and Freddie Mac saw a largely seasonal decline in single-family business in October, according to a new Inside The GSEs analysis of mortgage-backed securities data. The two GSEs guaranteed $99.33 billion of single-family MBS during October, an 8.3 percent decline from the previous month. Most of the slippage was in purchase-money mortgages, which fell 14.5 percent from September, following typical seasonal patterns. The refi market held up a lot better. October volume was down 1.6 percent from September, while still ranking as the second-highest monthly total so far this year. That pushed the refi business to 60.2 percent of GSE volume, excluding modified loans.


November 22, 2016 - IMFnews

Strong Purchase-Mortgage Activity Boosts FHA, VA Originations in Third Quarter

Through three quarters this year, Quicken Loans was the top lender of FHA mortgages and Freedom Mortgage was the top VA mortgage originator.


November 21, 2016 - IMFnews

Jumbo Mortgage Market Cools Off Somewhat in Third Quarter with Drop in Production, Market Share

Eight of the top 10 jumbo lenders had declines in jumbo originations on a quarterly basis in the third quarter.


November 16, 2016 - IMFnews

Many Purchase Loans Wind Up in New MBS

Purchase mortgages accounted for 67.3 percent of the $4.07 billion in prime non-agency MBS issued during the quarter...


November 16, 2016 - IMFnews

Money Market Funds Keep Buying GSE Paper

The September figures represented a 5.7 percent increase from the midway point in the year and an 8.8 percent climb from a year ago.


November 15, 2016 - IMFnews

GSE Loans Shift to Less Risky Status in 3Q16

In the refinance market, the share of loans falling into the low-score/high LTV group was 2.57 percent, down from 2.86 percent in the second quarter...


November 14, 2016 - Inside the CFPB

CFPB Issues Some HMDA Data Reminders for the Coming Year

The CFPB’s latest supervisory highlights report provides some Home Mortgage Disclosure Act data collection and reporting reminders for 2017. For starters, beginning with HMDA data collected in 2017 and submitted in 2018, responsibility to receive and process HMDA data will transfer from the Federal Reserve Board to the CFPB. “The HMDA agencies have agreed that a covered institution filing HMDA data collected in or after 2017 with the CFPB will be deemed to have submitted the HMDA data to the appropriate federal agency,” the bureau stated. (The HMDA agencies are the CFPB, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., the Fed, the National Credit Union Administration, and the Department of Housing and Urban Development.) ...


November 14, 2016 - IMFnews

Publicly Traded Nonbanks See Improvement in 3Q16 Earnings – But Not All Share in the Good Times

Stonegate Mortgage, Ocwen Financial and Nationstar Mortgage all recovered from second-quarter losses with net profits during the most recent cycle.


November 11, 2016 - IMFnews

GSEs Continue to Sell Nonprime Holdings

The serious delinquency rate on Fannie’s purchased/guaranteed Alt A mortgages was 5.27 percent at Sept. 30, down from 6.75 percent the year before.


November 11, 2016 - IMFnews

Mortgage REITs Trim Holdings of Residential MBS. Departures Play a Key Role

Second-ranked AGNC Investment Corp. – formerly American Capital Agency Corp. – reported a 2.2 percent increase in its MBS holdings under a new management structure…


November 10, 2016 - IMFnews

GSE Low Downpayment Programs Slow to Take Off. But Freddie CEO is Hopeful

CEO Debra Still of Pulte Mortgage blamed low usage on the fact that Fannie and Freddie use different terminology and eligibility criteria for things like area median income.


November 10, 2016 - IMFnews

MI Industry on Track for Best Year Ever. Arch Posts Strongest Growth Rate Among the PMIs

FHA endorsements rose 16.6 percent from the second quarter and VA loan guaranty production increased 20.3 percent…


November 9, 2016 - IMFnews

Short Takes: Don’t Look Now but GSE Share Prices are Soaring / Trump Understands the GSEs? / Really? / Advising Trump on Housing Issues Are… / PHH Posts Loss, Will Bolt the PLS Business

Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...


November 9, 2016 - IMFnews

Walter Investment Posts $101 Million Loss for 3Q; Originations Increase 13 Percent

Walter also agreed to sell $5 billion in servicing rights to New Residential Mortgage LLC.


November 8, 2016 - IMFnews

Redwood Boosts 3Q Income with Above-Average Margins on Jumbo Operations

Redwood sold $774.0 million of home mortgages into a welcoming whole loan market along with a $358.00 million jumbo MBS…


November 8, 2016 - IMFnews

GSEs Continue to Trim Portfolios; The Two are on Track to Meet the 2018 Cap of $250 Billion

Under the current terms of their conservatorship, Fannie and Freddie are required to reduce their mortgage portfolios by at least 15 percent a year…


November 8, 2016 - IMFnews

Jumbo Originations Show Signs of Decline at Certain Banks

EverBank – which is in the process of being sold to TIAA – originated $869.8 million of jumbos in 3Q16, a 1.5 percent sequential decline, and down 28.7 percent from the third quarter of 2015.


November 7, 2016 - IMFnews

Short Takes: A Decent Quarter for Stonegate? / A Move Toward TPO / FGMC Seeks LOs for Goodmortgage.com / Garrett’s Role in HomeBridge Deal / Freddie Prepares New HLS

Not too long ago, Stonegate Mortgage began deemphasizing retail in favor of correspondent and wholesale...


November 7, 2016 - IMFnews

As the Holidays Approach, Mortgage Bankers Still Hiring ‘Like Crazy’?

“We’re still hiring a lot,” said United Wholesale CEO Mat Ishbia.


November 4, 2016 - IMFnews

What We’re Hearing: Mortgage AEs Make How Much? / And is that Too Much? / Ocwen Bets its Future on Automation to Produce Loans / CEO Faris Says Ocwen is Not in Run-Off Mode / Skyline is Hiring / Trump’s Treasury Secretary and the GSEs?

Are mortgage account executives overpaid?


November 4, 2016 - IMFnews

PennyMac Financial Sets Company Record on Correspondent Volume; Will Use Brokers by Mid-Year 2017

By midyear 2017, PennyMac Financial will be table funding mortgages through third-party loan brokers.


November 4, 2016 - IMFnews

Agency MBS Issuance Slumped in October, but Still Healthy Overall

Wells Fargo once again ranked first among all agency sellers with $17.6 billion sold to Fannie, Freddie and Ginnie. Quicken was second with $8.46 billion.


November 3, 2016 - IMFnews

Earnings Keep Getting Better for the GSEs: Fannie Posts $3.2 Billion Profit for 3Q16

Fannie Mae CEO Tim Maypoulos told the press Thursday morning that he expects the GSE to remain profitable “for the foreseeable future.”


November 3, 2016 - IMFnews

Impac Boosts Originations by Almost 30 Percent; MSR Portfolio up 42 Percent

Thanks to CashCall, its call center operation, Impac is posting strong production numbers and profits…


November 3, 2016 - IMFnews

Nonbanks and Second-Tier Servicers Gained More Market Share During 3Q16

Nonbanks will continue to gain market share in the residential servicing space – it’s just a matter of how much…


November 2, 2016 - IMFnews

Short Takes: SoFi Teams up with Fannie Mae on Student Loans / Puff? / What a Trump Victory Could Mean for Stocks, Bonds / The GSEs and MI Changes? / Reverse Lending Hits a Milestone

Will we finally see a 2.0 percent fixed-rate GSE loan then? Black swans, black swans...


November 2, 2016 - IMFnews

First-Time Homebuyer Share Tanks

At the recent annual convention of the Mortgage Bankers Association, trade group chief Dave Stevens said originators are being discouraged from lending to some first-time homebuyers.


November 2, 2016 - IMFnews

Nationstar Posts a $45 Million Profit for 3Q. MSR Portfolio Hits $453 Billion

Roughly $4.0 billion, or 72.7 percent, of Nationstar's production came through its consumer direct channel. Purchase loans represented 24 percent of originations.


November 1, 2016 - IMFnews

Freddie Mac Hits Earnings Home Run: $2.3 Billion for 3Q; All of it Headed to Uncle Sam

Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.


November 1, 2016 - IMFnews

Banks Post Strong Mortgage Profits for 3Q16

The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.


Poll

In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
51 to 75 bps
76 to 100 bps
101 to 150 bps
More than 150 bps
We’re a call center lender and don’t disclose that data point.

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