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

July 30, 2015 - IMFnews

Short Takes: An Industry Truce with the CFPB? / No Pay Raises for You! / Bill Would Expand the QM ‘Safe Harbor’ / Quicken #1 in Customer Satisfaction / Applications Rise Ever So Slightly

But Garrett also noted: “Congress should kill the CFPB, or at least de-fang it, but until it does, total compliance is necessary.” That’s more like it…

July 30, 2015 - IMFnews

Nationstar Earns $75 Million in 2Q, Originations Rise a Modest 14 Percent

Over the past few months, several high level executives have left Nationstar Mortgage.

July 30, 2015 - IMFnews

And the Beat Goes On: Megabanks Still Backing Away from Servicing

Bank of America, ranked third, continued to unload servicing and pared its holdings by 8.9 percent during the second quarter.

July 28, 2015 - IMFnews

Loan Production Spikes at Guild Mortgage

Purchase loans made by Guild totaled $4.4 billion in the first half of 2015, accounting for 66.1 percent of all production.

July 28, 2015 - IMFnews

Flagstar Production Up Almost 17 Percent; Sells $386 Million of IOs

Meanwhile, the thrift’s gain-on-sale profit totaled 121 basis points compared to 127 in 1Q and just 82 in the second quarter of 2014.

July 28, 2015 - IMFnews

Nonbanks Top Contributors to Second Quarter Jumbo MBS

Among the top 10 contributors to jumbo MBS through two quarters this year, half were banks or associated with banks.

July 27, 2015 - Inside the CFPB

Complaints About Mortgages Rose As Originations Increased in 2Q15

The complaints that consumers filed with the CFPB about various aspects of their mortgages generally rose in the second quarter, as the mortgage market churned out new originations at elevated levels, a new analysis by Inside the CFPB found. Total consumer gripes rose 7.5 percent from the first quarter of 2015 to the second, the latest data from the bureau’s consumer complaint database show. The increase was largely driven by a surge of criticisms about the mortgage loan application and origination process, which climbed 11.8 percent during the period. Grumbling about loan modifications also increased during the period ending June 30, up 5.7 percent, a much higher rate of increase than the recent upward tick seen in default rates. Grievances ...

July 27, 2015 - IMFnews

Residential Lending Rises 44 Percent at PennyMac

PennyMac increased its servicing portfolio to $136 billion at June 30, an 18.2 percent sequential gain.

July 24, 2015 - IMFnews

What We’re Hearing: CALCAP Working on $100 Million Fund for Non-Agency / The Changing Nature of ‘Fix and Flip’ / Altisource Lures Away Ginnie’s Man on the Hill / Not So Fast on Those GSE Raises / Improving Delinquencies Kill Another Business

Serious money continues to plow into non-agency mortgage lending. Meanwhile, Altisource hires Ginnie Mae's man on the hill...

July 24, 2015 - IMFnews

Banks Continue to Gobble Up MBS, the Megabanks Especially

The 25 largest banks held $1.15 trillion in MBS at the end of June, according to an Inside MBS & ABS analysis of Federal Reserve data.

July 23, 2015 - IMFnews

Short Takes: Kill Fannie and Freddie? What, Are You Crazy? / Yet Another Book About the GSEs / The Enron-Fannie Mae Connection / Plaza Home Posts Record Originations / Two in 40. Who Are They?

Of the 40, just two firms suffered a sequential volume decline. You’ll have to see IMF to find out which ones.

July 23, 2015 - IMFnews

Top-Ranked Warehouse Lender Texas Capital Launches Correspondent Effort

One competitor to TCB said he is aware of the correspondent launch, but said “So far, they haven’t gotten any traction with our customer base.”

July 23, 2015 - IMFnews

MBA Feeling More Bullish on Purchase Lending; The Millennial Effect?

The trade group also is seeing an increase in mortgage "pull-through" rates.

July 23, 2015 - IMFnews

Surprise: Loan Production Climbs to $445 Billion in 2Q, Best in Nearly Two Years

Most mortgage origination indicators pointed higher. Notably, FHA endorsements were up an estimated 61.3 percent from the first quarter…

July 22, 2015 - IMFnews

Mortgage Applications Rise Ever So Slightly

Some originators continue to offer mortgages at rates of under 4.0 percent, depending on the loan amount and points charged.

July 21, 2015 - IMFnews

GSE Servicing Continues to ‘Deconsolidate’

Inside the GSEs found that Freddie’s business was more concentrated than Fannie’s...

July 20, 2015 - IMFnews

Ginnie Mae Securitization Volume Soars

Wells Fargo was the top issuer in 2Q with $16.0 billion, followed by PennyMac and Freedom Mortgage.

July 20, 2015 - IMFnews

Nonprime Lender Citadel on a Tear, Hires Correspondent Chief

To date, most of Citadel's mortgages have been sourced through loan brokers, but recently the company hired a correspondent manager, Alan Peviani...

July 20, 2015 - IMFnews

Is the 25-Day Loan Closing a Myth?

One senior mortgage manager, who has been in the business for 25 years., said despite what lenders may say about closing times, actual experience is probably worse. “No one is closing under 30 days,” he said. “Most will be over 50 days.”

July 20, 2015 - IMFnews

As Megabanks Retreat, Smaller Depositories Build Share in Mortgages

The titans of the industry – the four banks with over $1 trillion in total assets – shrank their mortgage portfolios by a combined 0.5 percent over that period.

July 17, 2015 - IMFnews

Non-Mortgage ABS Issuance Up Slightly in Second Quarter 2015

ABS issuance has climbed steadily since bottoming out in 2010, and this year is on track to exceed $200 billion in annual issuance for the first time in eight years.

July 17, 2015 - IMFnews

What We’re Hearing: Is Non-QM Lending a Bust? / The Pathos of Ethos / TRID May Delay Loan Closings by How Many Days? / Telling the Truth on Loan Closings / A Record Year, So Far, for United Wholesale / Little League 1, the CFPB 0

During the first six months of 2015 UWM funded $6.78 billion. “It was our best six months ever,” CEO Mat Ishbia told IMFnews...

July 17, 2015 - IMFnews

Doesn’t Anyone Want to Trade MBS Anymore?

Trading in non-agency MBS, by comparison, is almost non-existent with June's volume coming in at just $2.9 billion.

July 15, 2015 - IMFnews

Mortgage Applications Decline Slightly, Refi Share Rises

Some residential lenders are still living off of refi applications that were filed earlier in the year...

July 15, 2015 - IMFnews

Moderate Growth for Subservicers in New Ranking, Nonbanks Continue to Dominate

According to IMF’s exclusive ranking, Cenlar ranked first among all subservicers at the end of the first quarter with an estimated $252 billion of contracts...

July 15, 2015 - IMFnews

BofA Posts Slower Origination Growth Than Peers, Continues to Hire LOs

The mortgage division is housed in BofA’s consumer banking division, which employed 65,818 workers at the end of June.

July 14, 2015 - IMFnews

Rent Low, Buy High for Some Counties

The “major” counties where it’s cheaper to rent are all in Southern California...

July 14, 2015 - IMFnews

Wells and JPM Report Gains in Residential Lending; Applications Are Another Story

JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.

July 14, 2015 - IMFnews

Mortgage Complaints Filed with the CFPB Down 11 Percent, But…

Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.

July 13, 2015 - IMFnews

Jumbo MBS Tumbles Almost 33 Percent in Second Quarter

Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.

July 10, 2015 - Inside FHA/VA Lending

Issuance of Government-Backed Ginnie MBS Increases in 2Q15

Ginnie Mae issuance of government-insured mortgage-backed securities rose a whopping 47.3 percent in the second quarter of 2015 from the previous quarter, powered by a robust FHA refinancing volume, according to an Inside FHA/VA Lending analysis of agency data. Government-backed Ginnie MBS production in the second quarter totaled $117.5 billion, up from $79.8 billion in the prior quarter. Volume year-to-date also increased by 57.7 percent from the first six months of last year. From May to June, government-backed securitization increased a modest 2.9 percent. FHA loans comprised 62.6 percent of Ginnie MBS issuance in the second quarter while VA accounted for 33.7 percent. Securitized loans with a Rural Housing Service guaranty represented 3.6 percent of total Ginnie MBS issuance during the period. FHA loan securitization was robust in the second quarter, as volume ... [ Charts ]

July 10, 2015 - IMFnews

What We’re Hearing: A Bullish Sign for Mortgage Banking: PIMCO and Blackstone / Paying Up on Servicing-Released Premiums / Another Executive Departure at Nationstar / NSM Insider Sells Shares / Former NFL Player Builds $8B a Year Originator

FUN FACT: PIMCO owns almost 12 percent of PHH Corp., the parent of the nation's ninth largest residential servicer.

July 10, 2015 - IMFnews

Bad News for the Non-Agency MBS Revival: Issuance Slumped in 2Q15

The worst news: Prime jumbo MBS issuance fell 32.5 percent from the first quarter to the second.

July 9, 2015 - IMFnews

Short Takes: Mortgage M&A Deal About to Happen? / SRPs Holding Up / JPMorgan Almost Done with Loss Mitigation Obligations / Refi Applications Worrisome / Hires Former Altisource Official

We’re told a sale contract could be signed any day now, but as far as a public announcement is concerned, it may not happen right away…

July 9, 2015 - IMFnews

Final Tally on Inside Mortgage Finance Poll: Production Staff in Demand

The jobs that seem to be the least in demand include technology support (4 percent) and secondary marketing positions.

July 9, 2015 - IMFnews

Private MI Business Spikes in 2Q15 as GSE High LTV Lending Gains Steam

It was the biggest quarter in GSE private MI activity since the third quarter of 2013...

July 7, 2015 - IMFnews

Investors Keeping MBS – For Now? Worries About Greece, China, PR?

The highest reading of the year came in January, $245.9 billion, a time when interest rates were still declining.

July 3, 2015 - Inside MBS & ABS

MBS & ABS Issuance Jumped Higher in 2Q15 As Agency Single-Family Market Heated Up

Residential MBS production continued to gain speed in the second quarter of 2015 while non-mortgage securitization remained strong, according to a new Inside MBS & ABS analysis. A total of $419.42 billion of single-family MBS and non-mortgage ABS were issued during the second quarter, an increase of 21.2 percent from the first three months of the year. It was the strongest new issuance total since the third quarter of 2013 and marked the fifth straight quarterly increase since the market hit a cyclical low at the beginning of last year. Most of the gain came from the agency MBS sector, which totaled $352.73 billion in new issuance, a gain of 29.7 percent from the first quarter. All three agencies posted hefty gains, with the biggest coming at Ginnie Mae, where new issuance jumped 46.7 percent to hit $120.36 billion. A lot of Ginnie’s growth is coming from an unusual surge of refinance activity, which accounted for ... [ charts]

July 2, 2015 - IMFnews

Short Takes: More Servicing Deals on the Way? / Another Top Executive Departs Wingspan? / BofA Gaining on Wells? / Impac Gets a Line of Credit / Ex-Lenders One Chief Lands at Embrace

Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...

July 1, 2015 - IMFnews

GSEs Securitized $232 Billion in 2Q15, Best Showing Since 3Q 2013

However, refinance loans continued to account for the lion’s share of GSE business, Inside Mortgage Finance found.

July 1, 2015 - IMFnews

Fitch Ranked First in ABS Ratings During Early 2015

Fitch raised its ABS rating share from 55.0 percent for all of 2014 to about the same level it had back in 2013.

June 30, 2015 - IMFnews

Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic

With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...

June 30, 2015 - IMFnews

A Final Tally From the FHFA: Record G-Fees/LLPAs in 2014

Prior to the financial crisis and the government takeover of Fannie and Freddie, some seller-servicers had “strategic alliance” deals that allowed them to pay under 15 basis points in g-fees...

June 29, 2015 - IMFnews

Bank Holdings of Non-Agency MBS Dwindle

Bank holdings of non-agency MBS declined by 16.1 percent compared with the first quarter of 2014...

June 26, 2015 - Inside FHA/VA Lending

Handbook FAQs Hold No Surprises, But More Guidance Expected

The frequently-asked-questions guidance to using the FHA’s consolidated Single Family Policy Handbook is good to have though it shows just how complicated the FHA’s mortgage origination process is, according to lenders. In fact, the updated FHA handbook could still be confusing to borrowers simply because a lot more information is concentrated in one source, lenders said. According to the FHA, the more than 290 FAQs will enable lenders to make operation adjustments before the handbook goes into effect on Sept. 14, 2015. The FAQs are for information purposes only and do not apply to current FHA policies. They do not establish or modify policy contained in the handbook. The FAQs reiterate information in the handbook under headings such as Credit Underwriting, Closing and Insuring, FHA System Support and Consumer Information. Industry observers noted that the FAQs did not ...

June 26, 2015 - IMFnews

What We’re Hearing: Lowering the Boom on LPMI? / Ex-Goldman Sachs MGDs In Love With Subprime? / Leaving Mortgages for Weed / PIMCO’s Non-Agency MBS Plans / Industry Vet Mike McMahon Retires

Former Goldman Sachs officials sure like the nonprime mortgage space. (It's all about yield.)

June 26, 2015 - IMFnews

Still Rising: The Market Share of Nonbank Mortgage Originators

But don’t count out depositories quite yet: Banks and thrifts still play the biggest role in the top 100, even if it’s shrinking.

June 26, 2015 - IMFnews

Bank Use of Principal Reduction Loan Modifications Spiked in First Quarter

The eight banks tracked by the OCC’s Mortgage Metrics report – including Wells Fargo and JPMorgan Chase – completed 7,571 principal reduction mods in the first quarter...

June 25, 2015 - Inside Mortgage Finance

QM ‘Patch’ for Fannie and Freddie Has Opened GSE Market for $133 Billion in Additional Business

The Consumer Financial Protection Bureau boosted Fannie Mae and Freddie Mac business by some $132.9 billion when it gave the two government-sponsored enterprises a free pass on the debt-to-income ratio requirements of the qualified-mortgage rule. For the non-agency world, a qualified mortgage has to have a DTI ratio of 43 percent or less. While the government-insured market has its own QM rules that effectively ignore DTI, a loan eligible for sale to the GSEs is considered a qualified mortgage if it meets all the QM criteria – such as no interest-only payments – other than the DTI cap. From the beginning of 2014 through the end of the first quarter of this year, about 16.3 percent of the loans securitized by Fannie and Freddie had...[Includes two data tables]

June 25, 2015 - IMFnews

QM ‘Patch’ Yields $133 Billion in Additional Business for Fannie/Freddie

From the beginning of 2014 through the end of 1Q15, roughly 16 percent of the loans securitized by Fannie and Freddie had DTI ratios exceeding 43 percent...


A lot has been written about the ‘Millennial Generation’ being key to the future of the housing/mortgage market, but how much of your mortgage workforce includes Millennials – those born roughly between the years 1980 to 1999?

Less than 10 percent


11 to 30 percent


Greater than 30 percent


It’s so small we can’t even measure it.


We’re tired of reading about how important Millennials are…


Housing Pulse