Market Data

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

March 22, 2017 - IMFnews

Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well

Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…

March 22, 2017 - IMFnews

HECM Production Stumbles a Bit in 2016

Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…

March 22, 2017 - IMFnews

Bank Holdings of First Liens Increased in 4Q16 – Ever So Slightly

It appears that depositories are growing their portfolios by adding jumbo mortgages along with loans eligible for sale to Fannie Mae and Freddie Mac…

March 21, 2017 - IMFnews

IMF Poll: Lenders Will Liberalize Underwriting Standards – but Not by Much

Some 14 percent of respondents said they might begin making non-qualified mortgages over the coming months.

March 21, 2017 - IMFnews

MBA: Net Origination Profit Plunged 68 Percent in 4Q16

MBA noted that including all business lines, 73 percent of the mortgage companies posted pre-tax profits for the fourth quarter, down from 94 percent in 3Q16…

March 21, 2017 - IMFnews

Subservicing Sector Starting to Look Crowded As More Firms Choose ‘Capital Light’ Strategy

The nation’s three largest residential subservicing firms are: Cenlar, Dovenmuehle and Loan Care. All are nonbanks.

March 21, 2017 - IMFnews

Still Rising: Retail Channel Accounts for 81.6 Percent of Jumbo Originations

Roughly $72.09 billion of jumbo mortgages were originated in the fourth quarter, down 3.4 percent on a sequential basis.

March 20, 2017 - IMFnews

Wholesale-Broker Channel Saw Big Gains in Agency Market Last Year

Mortgage brokers earned their biggest market share in the Ginnie Mae sector…

March 13, 2017 - IMFnews

Volume of Mortgages Serviced by Banks for Others Declines in 2016, Driven by Big Banks

Virtually all the shrinkage in 2016 took place among the four megabanks with over $1 trillion in assets: Wells Fargo, JPMorgan Chase, Bank of America and Citibank.

March 10, 2017 - IMFnews

Bank ABS Portfolios Continued to Shrink in 2016…

Commercial banks and thrifts reported a combined $123.8 billion of ABS on their balance sheets at the end of last year, a 3.7 percent drop from the third quarter…

March 9, 2017 - IMFnews

Agencies Nipped More Jumbo Share in 2016

The agency share of total jumbo production reached its highest level in 2009 and 2010, immediately after “emergency” high-cost loan limits were put in place…

March 8, 2017 - IMFnews

Short Takes: What Higher Rates Might Mean / And the Refi King of Mortgage Banking is… / There’s Still a Disturbance in the (Mortgage) Force, Only Less So / Vertical Looking to Buy / Better Mortgage’s First Year

Fannie and Freddie are still worth less than social media darling Snap, but the gap is narrowing...

March 8, 2017 - IMFnews

A Booming Market for USDA Mortgages

The Guaranteed Rural Housing Loan initiative is the largest of the USDA’s single-family housing programs.

March 7, 2017 - IMFnews

Jumbo Servicers Post Modest Gains in 2016

Among the top 30, LoanCare had the largest increase to its jumbo servicing portfolio…

March 6, 2017 - IMFnews

Plenty of ‘Home Equity’ Now, but Less of a Desire to Tap the ‘House ATM’

Researchers at the Federal Reserve Bank of New York said there’s still plenty of demand for home equity loans and cash-out refis but…

March 6, 2017 - IMFnews

Ginnie Mae Issuance Takes a Tumble in February

Just three depositories ranked among the top 15 issuers for February…

March 3, 2017 - Inside FHA/VA Lending

Greater Liquidity in Ginnie MBS Led to Higher Share for Nonbanks

By creating liquidity in Ginnie Mae mortgage-backed securities, liquidity coverage ratio (LCR) policies have attracted lenders – mostly nonbanks – whose funding relies more on securitizations – toward FHA loan originations, according to a new paper published by academicians. The paper, “Nonbanks and Lending Standards in Mortgage Markets: The Spillovers from Liquidity Regulation,” maintains that such lenders approve more FHA loans because they can sell the loans easily, given the high liquidity of the securitized product. The greater liquidity in Ginnie MBS has resulted in higher market share and eased standards especially for nonbanks and lenders with less deposit funding. It also has led to tighter standards for conventional mortgages, which are eligible for government sponsored enterprise securitization, wrote Pedro Gete and Michael Reher, researchers in the ...

March 3, 2017 - IMFnews

Agency MBS Production Takes it on the Chin in February: Down Almost 28 Percent

But the numbers need to be put into perspective: Agency MBS production in the first two months of 2017 was up 36.3 percent from the same period last year…

March 2, 2017 - IMFnews

Angel Oak Hits the Market with a Rated Nonprime MBS Deal

The bank statement loans and TRID exceptions prompted Fitch to apply higher loss severities to the MBS, which play a role in credit enhancement levels…

March 2, 2017 - IMFnews

The Final Tally: Purchase-Mortgage Market Has its Best Year Since 2006

Wells Fargo once again dominated the purchase business with $135.5 billion funded in 2016, more than double its closest competitor, JPMorgan Chase…

March 1, 2017 - IMFnews

Short Takes: So, You Want to be an LO? We Can Train You / Quicken Targets Cash-out Refi Market / Can You Live on 25 Basis Points? / Key RESPA Webinar Next Week / Some History on PHH

How much do LOs working at call centers earn per deal? We heard that some shops pay as little as 15 to 25 basis points...

March 1, 2017 - IMFnews

Fannie/Freddie Retained Portfolios Continued Shrinking in 2016 – Mostly by Shedding MBS

Fannie Mae cut its portfolio of Fannie MBS by 42.9 percent last year...

March 1, 2017 - IMFnews

Warehouse Finance Sector Coming off a Strong 2016, but Storm Clouds Hover

Challenges include higher interest rates, which are translating into lower production volume in 2017…

February 28, 2017 - IMFnews

Mortgage REIT Holdings of Residential MBS Fell Slightly in 4Q16

Annaly padded its lead as the top REIT MBS investor, thanks, in part, to its acquisition of Hatteras Financial in the third quarter of 2016…

February 28, 2017 - IMFnews

CFPB Exams of Nonbank Mortgage Lenders Spiked by 69 Percent Last Year

The number of mortgage-related examinations by the CFPB declined in most areas with one glaring exception: nonbank residential originators…

February 27, 2017 - Inside the CFPB

Other News in Brief

Another Trump Executive Order Targets Regulatory Red Tape. Late last week, President Trump signed another executive order focused on government regulations – this one requiring every agency to establish a regulatory reform task force to eliminate red tape. ... ABA Offers CFPB Some Suggestions to Protect Shared Consumer Data. The American Bankers Association recently had some advice for the CFPB for protecting consumers’ financial information that is being voluntarily shared with third-party data aggregators....

February 27, 2017 - Inside the CFPB

CFPB Begins Look at Alternative Data for ‘Credit Invisible’ Borrowers

The CFPB recently issued a request for information into ways to expand access to credit for consumers who are “credit invisible,” that is, those who don’t have enough credit history to generate a credit score. The bureau issued the RFI to drum up public feedback on “the benefits and risks of tapping alternative data sources such as bills for mobile phones and rent payments to make lending decisions about consumers whose lack of credit history might otherwise block opportunities.” According to the CFPB, there are 26 million Americans who are credit invisibles. “Another 19 million consumers have a credit history that has gone stale, or is insufficient to produce a credit score under most scoring models,” said the agency. The ...

February 27, 2017 - IMFnews

GSE Seller Buybacks Tumbled to Record Low in 4Q16

For the full year, GSE seller repurchases totaled just $1.101 billion, a record annual low…

February 24, 2017 - Inside Mortgage Trends

GSE Seller Buybacks Tumble to Record Low in 4Q16, More Unresolved Cases

Fannie Mae and Freddie Mac reported record lows in the volume of mortgages that sellers repurchased during the fourth quarter of 2016 because of manufacturing defects, an exclusive new Inside Mortgage Trends analysis reveals. Mortgage seller repurchases or other indemnification to the two government-sponsored enterprises totaled $207.31 million in the final three months of 2016. That was down 37.0 percent from the previous quarter and ... [Includes two data charts]

February 24, 2017 - IMFnews

What We’re Hearing: Okay, So Mnuchin is One of Them, But… / Where Were You When We Were Bailing Out Fannie and Freddie? / Remember Hank Greenberg? / Maybe Servicing Compensation is Too Low / The Next Bank to Quit Servicing…

Once the GSEs turned it around and showed a whiff of profit the speculators pounced and bought the shares on the cheap...

February 24, 2017 - IMFnews

Growing Mortgage Indebtedness Helps Drive Household Debt Near Crisis Peak

“Since reaching a trough in mid-2013, the rebound in household debt has been led by student debt and auto debt, with only sluggish growth in mortgage debt,” said one New York Fed official.

February 24, 2017 - IMFnews

Creeping Upward: The Debt Burden of FHA and VA Borrowers

Average credit scores in the FHA program drifted slightly lower, while climbing 1.9 points for VA loans.

February 24, 2017 - IMFnews

Redwood Earned $25 Million in 4Q, Sees Strong Jumbo MBS Pricing, Will Expand ‘Choice’

Redwood CEO Marty Hughes said pricing for jumbo MBS is currently strong, with execution on issuance better than execution for whole loan sales.

February 23, 2017 - IMFnews

Wholesale-Broker Production Suffers the Most in 4Q16, Down 6.7 Percent

Caliber Home Loans climbed into second place in the wholesale-broker market thanks to a huge 63.7 percent gain in annual funding volume.

February 23, 2017 - IMFnews

An ‘Alt’ Theory Emerges on the Spike in FHA Delinquencies. MSR Transfers the Culprit?

Higher FHA delinquencies may have been caused by administrative mistakes…

February 22, 2017 - IMFnews

Uncle Sam’s Haul from Mortgage Lending and Financial FCA Cases in 2016: $1.6 Billion

Consequently, top-tier banks that offered FHA-insured mortgages have opted to either restrict their government business or exit the program altogether…

February 22, 2017 - IMFnews

Thanks to Rising Rates, MSR Gains Boost Nationstar’s 4Q16 Bottom Line; Strong Revenue Growth Overall

Nationstar said it expects to board $144 billion of additional contracts in 2017, $111 billion of which is subservicing for New Residential Investment Corp.

February 21, 2017 - IMFnews

Banks Increase MBS Holdings – Went on a Buying Spree of Ginnie Mae Product in 4Q16

Bank holdings of Fannie Mae and Freddie Mac pass-through securities were up a more modest 0.6 percent from the third quarter…

February 21, 2017 - IMFnews

House Financial Services Chair Praises Decision by Trump to Block MIP Reduction, Citing Higher FHA Delinquencies in 4Q

David Stevens, MBA president and chief executive officer, said the FHA’s newer books of business have great credit quality, which makes the spike in 30-day delinquencies more surprising.

February 21, 2017 - IMFnews

Trouble in the Jumbo Sector? Originations Decline for Second Consecutive Quarter; Market Share Down Too

Meanwhile, it appears that JPMorgan Chase is ready to surpass Wells Fargo as the market leader in jumbo production…

February 17, 2017 - IMFnews

Fannie Mae Has a Blowout 4Q16: Net Profit Hits $5 Billion; A Perfectly Good Storm?

Fannie Mae CEO Timothy Mayopoulos is setting the table for challenging times ahead, issuing caution about the GSE’s dwindling capital position…

February 17, 2017 - IMFnews

Private MIs Expanded Market Share in 2016 Despite a Surge from the VA Guaranty Program

Most of the gain in private MI market share came at the expense of the FHA program…

February 16, 2017 - IMFnews

A Blowout 4Q16 Profit for Fannie Mae: $5 Billion; $3.9 Billion in Gains from Derivatives

In a conference call with reporters Friday morning, Fannie CEO Tim Mayopoulos noted: “While we expect to remain profitable on an annual basis for the foreseeable future, due to our declining and limited capital reserves and the potential for significant volatility in our financial results, we could experience a net worth deficit in a future quarter.”

February 16, 2017 - IMFnews

Short Takes: What Does Bruce Berkowitz Think? / Freddie Exploring SFR Market / BB&T Building New Servicing Center / CoreLogic CEO on Medical Leave / loanDepot Executive Jumps Ship for Wisconsin Lender

While most banks are running away from the business of servicing home mortgages, BB&T appears to like the space...

February 16, 2017 - IMFnews

Freddie Mac Hits an Earnings Grand Slam in 4Q16: $4.8 Billion in Net Income; Gains from Derivatives Top $6.3 Billion

In a few weeks, almost all of that profit will be swept into the coffers of the U.S. Treasury, which supported the GSE during its money losing years...

February 16, 2017 - IMFnews

More Red Ink for PHH in 4Q16; Nonbank Continues to Sell Assets; CEO Messina Sees Future as a ‘Capital Light’ Business

Over the past two years, PHH has lost $347 million, much of it caused by a private-label origination model that has fallen on hard times and rapidly declining interest rates…

February 15, 2017 - IMFnews

Short Takes: Branch Manager Departures at loanDepot / Nationstar a Candidate for PHH MSRs? / Delinquencies Spike in Some Categories / Still in Love with Ocwen: Bill Erbey / Coming Soon: Warehouse Ranking

Bill Erbey, who was forced out by financial regulators two-plus years ago, controls 16.8 percent of Ocwen Financial...

February 15, 2017 - IMFnews

SoftBank of Japan Agrees to Buy Fortress, Largest Investor in Nationstar Mortgage

It’s unclear at this point what the takeover might mean, if anything, for Nationstar, whose own share price has rallied the past few months.

February 15, 2017 - IMFnews

Tennessee Investor Pares Holdings in Walter Investment Management

Walter Investment/Ditech has yet to establish a date for the release of its fourth quarter results…

February 14, 2017 - IMFnews

Short Takes: Strong Earnings for Arch / More Subprime MBS Deals May Hit the Market / A New Loan Program from Citadel / CFTC Issues No Action Letter

In the nonconforming market, Citadel Servicing Corp., Irvine, CA, has just rolled out a new 12-month bank statement loan program…


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.