Market Data

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

October 24, 2016 - IMFnews

Retail Channel was Dominant Source of Jumbos in First Half

Jumbo lending has a much more retail focus: the vast majority of loans are originated for portfolio or, in the case of non-depositories, sale to a bank or other portfolio investor.

October 24, 2016 - IMFnews

First-Time Homebuyer Share of Residential Purchases Falls to Level Last Seen in 2014

Back in May, the reading for first-time homebuyers was 40.4 percent.

October 20, 2016 - IMFnews

Private Mortgage Insurers Winning Purchase Market Share

The private MI share of agency purchase loans rose from 26.9 percent in the second quarter to 27.8 percent in the third.

October 19, 2016 - IMFnews

Market Tilt Toward Purchase-Mortgage Lending Boosts Correspondent Share

Meanwhile, loan brokers tended to originate larger loans, averaging $264,646 for purchase mortgages…

October 19, 2016 - IMFnews

Residential Production Up 10 Percent at U.S. Bank, Mortgage Revenue Rises 32 Percent

At Sept. 30, U.S. Bank held $56.2 billion of first and second liens in portfolio, a 7.7 percent improvement from the same period a year earlier.

October 18, 2016 - IMFnews

Megabanks, for the Most Part, Mark Up Asset Value of MSR Portfolios, Which Means…

Analysts will be keeping a close eye on servicing marks from Nationstar Mortgage, PHH Corp., Stonegate Mortgage and Walter Investment Management Corp., the parent of Ditech…

October 18, 2016 - IMFnews

GSE Credit-Risk Transfers Kept Chugging Along in 3Q16

Fannie Mae had the bigger quarter in CRT activity, more than doubling its second-quarter total with a record $2.52 billion of issuance…

October 17, 2016 - IMFnews

Short Takes: Schneider is Out at Walter, Ditech / A Flattening of the Management Structure / Just a 10 Percent Increase in Originations? / Countrywide Once Wanted to be the Third GSE?

Three GSEs: Fannie Mae, Freddie Mac and Countrywide?

October 17, 2016 - IMFnews

BofA Posts Slight Decline in Home Lending in 3Q; Lags Peers

Bank of America’s mortgage division posted $297 million in residential income for 3Q compared to $267 million in 2Q and $290 million in the third quarter of last year.

October 14, 2016 - Inside The GSEs

Federal Home Loan Bank MBS Investments Remain Strong

Fannie Mae and Freddie Mac securities remained the preferred investment choice of the 11 Federal Home Loan Banks during the first half of 2016, according to a new ranking by Inside The GSEs based on data from the Federal Housing Finance Agency. GSE MBS accounted for $110.6 million of the total $138.4 million in business. There was a 2.0 percent quarterly increase from the first to the second quarter. GSE MBS accounted for 79.9 percent of combined MBS portfolios. The FHFA data does not separately break out Fannie and Freddie volume or share.

October 13, 2016 - IMFnews

MBA Pushes for ‘Front-End’ Risk Transfers on GSE Loan Sales

“It is critically important for the GSEs to develop and implement additional CRT structures that are accessible to lenders of all sizes and business models in order to avoid reconcentration of the origination and servicing market,” writes MBA President Dave Stevens.

October 13, 2016 - IMFnews

Sales of Higher-Priced Mortgages Declined in 2015

Higher-priced mortgages are sometimes seen as a proxy for nonprime mortgages...

October 13, 2016 - IMFnews

Flow of Private MI Into GSE MBS Kept Pace with Overall Increase in 3Q16 Fannie/Freddie Business

Looks like private MI firms gained market share in the third quarter…

October 12, 2016 - IMFnews

‘Defect’ Rate on FHA Mortgages Rises; A Reading of 50 Percent

Of the top five mitigated findings, two were related to borrower assets, two were about documentation and one about borrower credit.

October 11, 2016 - IMFnews

Portfolio Retention of ARMs Increased in 2Q16

Wells Fargo was the top ARM lender in the second quarter with $5.76 billion in originations.

October 10, 2016 - IMFnews

Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know?

Who will succeed S.A. Ibrahim at Radian? We've heard two names...

October 10, 2016 - IMFnews

Ginnie Mae Crushed Single-Family MBS Issuance Records in 3Q16

The agency issued a whopping $145.14 billion of single-family MBS during 3Q16…

October 7, 2016 - IMFnews

Redwood Set to Issue Third Jumbo MBS of the Year; New Bond Includes FHLB Loans

On average, the loans have seasoned just 1.9 months, one of the fastest turn times for a jumbo MBS in recent years…

October 7, 2016 - IMFnews

Securitization Market Revved Up in 3Q16, Reaching Three-Year High

Single-family MBS issuance jumped 25.7 percent during the third quarter to $440.77 billion…

October 6, 2016 - IMFnews

FBR Predicts a Blow-out Origination Quarter – and Year

A $2 trillion year for mortgage originators? It might be…

October 6, 2016 - IMFnews

They’re Back: Cash-out Refis

Cash-out refis are propping up the refi market, said one analyst.

October 6, 2016 - IMFnews

GSE Purchase Business Hit Post-Crash High in 3Q16

Freddie Mac’s third-quarter MBS business was up 36.0 percent from the previous period, thanks to a whopping 43.6 percent jump in purchase-mortgage business…

October 5, 2016 - IMFnews

Short Takes: Another Year, Another Issuance Record for Ginnie / 3Q16 Looks Like a Blowout Quarter / KB Will Take a Financial Hit on NSM JV / Redwood Readies New Jumbo MBS / New Chief for Appraisal Organization

A blowout 3Q16 for residential originations and MBS issuance?

October 4, 2016 - IMFnews

Fresh HMDA Data Show a Surge in Refi and Govt. Purchase Loans Sparked Production Last Year

Interestingly, new originations increased slightly more than the 31.2 percent increase in new applications filed during the year.

October 4, 2016 - IMFnews

Money Market Funds Continue to Show the Love for GSE Debt

Fund managers have a significant preference for Freddie paper over Fannie instruments…

October 3, 2016 - Inside the CFPB

Mortgage Complaints to the CFPB Fell Again During the Third Quarter

Further empirical confirmation of a recovering mortgage market continued to accumulate at the CFPB during the third quarter, as related consumer complaints dropped 19.8 percent, according to a new analysis by Inside the CFPB. For the first nine months of 2016, consumer gripes about their mortgages fell 8.4 percent compared to the same time period the year before. Criticisms about mortgage servicing fell 21.8 percent quarter-over-quarter and 2.0 percent year-over-year, the data show....

October 3, 2016 - Inside the CFPB

Credit Union Mortgage Originations ‘Thriving’ Under CFPB Regime

CFPB Director Richard Cordray appeared before credit union representatives recently and touted the performance of their industry’s mortgage operations under the bureau’s mortgage rules. “Our first set of mortgage rules have been in place for over two and a half years, and we are seeing great progress,” Cordray told the National Association of Federal Credit Unions. “In 2014, the first year of our ability-to-repay rule on mortgage origination, owner-occupied home purchase mortgages increased by 4 percent, according to HMDA data, and growth was even stronger last year: home purchase mortgages increased by an estimated 13 percent to 14 percent.” In fact, as it turns out, the mortgage industry overall actually did slightly better than Cordray said. According to analysis of ...

October 3, 2016 - Inside the CFPB

Bureau Approves Collection of HMDA Ethnicity, Race Data in 2017

The CFPB has formally authorized the collection of expanded Home Mortgage Disclosure Act information on race and ethnicity, as per the Equal Credit Opportunity Act and Regulation B, in 2017. “At any time from Jan. 1, 2017, through Dec. 31, 2017, a creditor may, at its option, permit applicants to self-identify using disaggregated ethnic and racial categories as instructed in appendix B to Regulation C, as amended by the 2015 HMDA final rule,” the bureau said in a Sept. 29, 2016, notice in the Federal Register. During this period, a lender permitting applicants to self-identify using these categories shall not be deemed to violate Regulation B Section 1002.5(b). Further, the lender shall also be deemed to be in compliance with ...

October 3, 2016 - IMFnews

Retail Channel Yields High Credit Score Refi Loans

Retail loans had lower debt-to-income ratios as well…

October 3, 2016 - IMFnews

Analysis: GSE ‘Patch’ and High Cost Limits Account for 25% of their Business

In the first six months of 2016, Fannie and Freddie securitized $64.52 billion of single-family mortgages with DTI ratios exceeding 43 percent.

September 30, 2016 - Inside Mortgage Trends

Retail Channel Yields High-Score Refi Loans

Mortgages originated through the retail channel tended to have higher credit scores and were more likely to be refinance loans than those produced by third-party originators, according to a new Inside Mortgage Trends analysis of agency mortgage-backed securities disclosures. Fannie Mae, Freddie Mac and Ginnie Mae securitized a total of $320.9 billion retail-originated loans during the first six months of 2016, excluding modified loans and those for ... [Includes two data charts]

September 30, 2016 - IMFnews

The Fed’s HMDA Tally: Originations Sharply Higher in 2015

The Federal Reserve's HMDA tally for 2015 came in at $1.651 trillion…

September 29, 2016 - IMFnews

Impac Considers Opening a Second Origination Center in Effort to Boost Retail

Impac is forecasting $12 billion in originations this year, up 29.0 percent from 2015…

September 29, 2016 - IMFnews

A Significant Increase in ‘Agency’ Jumbos for 2Q; GSE Loan Limit to Increase?

The baseline agency conforming loan limit likely will rise slightly next year…

September 27, 2016 - IMFnews

VA Lending Up Almost 30 Percent; Nonbanks Dominate

Among the top 20 VA lenders, just six depositories made the cut: USAA, Navy Federal, Wells Fargo, Flagstar Bank, The Federal Savings Bank and North American Savings Bank…

September 26, 2016 - IMFnews

Interest-Only Originations Spiked 45 Percent in 2Q; PHH Mortgage a Standout

Morgan Stanley was offering a 5/1 IO ARM with an interest rate of 3.850 percent for loan amounts below $1 million…

September 23, 2016 - Inside FHA/VA Lending

Liquidity, Net Worth Issues Persist But Nothing Ginnie Can’t Manage

Ginnie Mae continues to wrestle with issuers lacking liquidity and net worth although the number of such cases has gone down significantly, thanks to tight oversight, according to the agency’s top counterparty risk officer. Briefing participants at this year’s Ginnie Mae summit in Washington, DC, Zack Skochko, director of counterparty risk, reported that some issuers are still struggling to comply with Ginnie Mae’s liquidity and net worth requirements.A number of small issuers failed their liquidity and net worth audits this year by not maintaining the minimum $1 million cash or 10 basis points of outstanding Ginnie securities required to participate in the agency’s mortgage-backed securities program. Ginnie Mae also requires issuers to meet a minimum net worth of $2.5 million plus 35 bps of the issuer’s total effective single-family obligations The requirements were designed to ensure that the ...

September 23, 2016 - IMFnews

The New Breed of Nonprime Lenders See Plenty of Room for Growth

Tom Hutchens, SVP of sales and marketing at Angel Oak, said originations of nonprime non-QMs have predominantly been purchase mortgages. However, refinance activity is starting to increase…

September 23, 2016 - IMFnews

More Purchase Loans Not Closing on Time. The Culprit: A Shortage of Appraisers

More bad news on appraisals: the on-time closing share has declined for four consecutive months…

September 23, 2016 - IMFnews

Foreign Investors, Others Beef Up Their Investment in Agency MBS

According to Treasury Department reports, overseas investors held $821.3 billion of Fannie, Freddie and Ginnie MBS at the end of June, a 5.0 percent increase from March.

September 22, 2016 - IMFnews

CFPB Chief Cordray Gives Kudos to Credit Unions on their Mortgage Performance

The improved numbers suggest that the industry’s fears those rules would crush or even depress the market somewhat were overblown.

September 22, 2016 - IMFnews

And the Beat Goes On: Banks Continue to Cede MSR Business to Nondepositories

Meanwhile, bank whole loan portfolios have been increasing – largely because of the resurgence of jumbo mortgage originations, along with the recovery in home-equity lending.

September 21, 2016 - IMFnews

Freddie Mac Predicts a 3Q16 Production Boom of $595 Billion

Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…

September 20, 2016 - IMFnews

CFPB’s TRID Rule Gets the Blame for a Rise in Mortgage Defects

In fact, these two categories are responsible for more than 75 percent of all defects.

September 20, 2016 - IMFnews

On the Rise Again: Bank Repurchases of Mortgages

All of the second-quarter increase can be attributed to Bank of America, which reported $372.0 million in repurchases for the period – up $67.0 million from the first quarter.

September 19, 2016 - IMFnews

Ginnie Chief Tozer Lays it on the Line About MSR Values, Liquidity

Senior Vice President of Issuer and Portfolio Management Michael Drayne said recently the revised acknowledgement agreement could be ready by the end of September.

September 19, 2016 - IMFnews

GSEs Have A Strong August; Market Share Gains?

Fannie and Freddie could top last year’s $824.8 billion in single-family MBS issuance by the time 2016 is over…

September 16, 2016 - Inside The GSEs

GSE MBS Issuance Up Again in August, Market Share Improved

Fannie Mae and Freddie Mac saw a solid 10.0 percent increase in production of single-family mortgage-backed securities in August, and there are signs that the GSEs are regaining some lost market share as well. The two GSEs issued $91.59 billion of single-family MBS last month, their highest monthly total since August 2013. Interestingly, most of the increase came from rising refinance activity. The flow of refi loans is up 14.0 percent at Fannie and 8.7 percent at Freddie, while purchase-mortgage business rose 9.9 percent and 6.3 percent, respectively, at the two firms. Two thirds of the way through 2016, GSE single-family business was still down slightly from the first eight months of last year.

September 16, 2016 - IMFnews

Guess Who Benefits from a Rate Rise? Answer: Nonprime Lenders

What’s the market potential for nonprime/non-QM lending? Maybe $100 billion a year…

September 16, 2016 - IMFnews

Bank Holdings of Non-Mortgage ABS Declined Again in 2Q16; Market Grew Slightly

Banks held about 18.6 percent of total ABS outstanding.


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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