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

May 5, 2016 - IMFnews

Short Takes: The New Mortgage Normal: Volatility / When Red Turns to Black / Citadel on a Hiring Spree / Stearns Gets a New CFO / Would Your Lending Shop Accept Private Flood Insurance?

Is the end near for servicing writedowns? Hedging marks?

May 5, 2016 - IMFnews

A Sale of PHH/Assets Looms Large After 1Q Loss, Declining Revenue and Falling Originations

Earlier this year, management signaled that the nonbank is considering its options...

May 5, 2016 - IMFnews

Two Harbors Takes $88.93 Million Net Loss in 1Q Due to MSR ‘Fair Value’ Changes

Two Harbors was the first – and thus far only – firm to issue a jumbo MBS with loans subject to the TRID mortgage disclosure rule.

May 5, 2016 - IMFnews

Fannie Mae’s Net Profit Fell 54 Percent After the GSE Took a $2.8 Billion Hit on Derivatives

G-fees – which have been rising in recent years – are ultimately paid by borrowers.

May 5, 2016 - IMFnews

Top-Five Servicers Continue to Pull Back; Receivables Drop Almost 8 Percent YoY

U.S. Bank was the only top-five servicer that has been growing its portfolio…

May 4, 2016 - IMFnews

Hammered by MSR Writedowns, Nationstar Posts $133 Million Loss for 1Q16

When are falling rates a bad thing? Answer: When you own a ton of mortgage servicing rights.

May 4, 2016 - IMFnews

Too Much Regulation? A 70 Percent Spike in Mortgage Exams at the CFPB Last Year; Nonbank Servicers Under Intense Scrutiny Compared to Peers

The exam outlook is even worse for nonbank mortgage servicers..

May 3, 2016 - IMFnews

Freddie Books $4.56 Billion Hedging Loss for 1Q. But Net Loss is Just $354 Million. No Assistance From Uncle Sam (At This Time)

For the past several weeks, speculation was rife that if the yield on the 10-year bond remained under 2.0 percent at March 31 Freddie might book a large hedging loss...

May 3, 2016 - IMFnews

Walter’s Stock Crushed After $173 Million Loss For 1Q; Inks Deal to Sell MSRs

Walter/Ditech originated $5.0 billion of new mortgages in 1Q16, down 10.7 percent from the previous quarter.

May 3, 2016 - IMFnews

Banks Report Modest Improvement in Mortgage-Banking Income for 1Q16

What some bank-watchers may not realize: Most depositories do not factor in personnel and other key expenses when calculating mortgage-banking income…

May 2, 2016 - IMFnews

Fannie and Freddie Rocking ‘n’ Rolling in Multifamily MBS; $100 Billion This Year?

Over at Freddie Mac, the GSE did $10.8 billion in issuance for the first quarter, mostly in its K-deal program, along with its small balance program, otherwise known as “SB deals.”

May 2, 2016 - IMFnews

‘Middle Tier’ Servicers Keep Gaining GSE Market Share; The Big Boys Give Up?

As a group, the 45 companies that ranked sixth through 50th had a combined portfolio of $1.668 trillion, equal to 37.5 percent of the market.

April 29, 2016 - Inside Mortgage Trends

Data: Top Sellers of TPO Originations - 3M2016

A ranking of the top 100 sellers of third-party originations in the first three months of 2016. Based on loan-level mortgage-backed security disclosures for MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae.

April 29, 2016 - IMFnews

Time to Worry Again? Agency MBS Trading Hits Low for the Year. The ‘New Normal’?

Christopher Whalen, senior managing director at KBRA, noted that most of the megabanks “are showing lower mortgage banking lines, which includes MBS desk P&L [profit and loss]. Gain-on-sale is also down about 50 percent year-over-year, so that’s another factor in the balance.”

April 29, 2016 - IMFnews

BofA, JPMorgan Chase Differ on Loans Not Sold to the GSEs

Chase continues to retain large amounts of conforming mortgages in portfolio...

April 29, 2016 - IMFnews

Impac Bucks the Trend and Increases Lending in 1Q, Expects More Growth; Earnings Marred by ‘Adjustments’

Impac's residential servicing portfolio increased by 45 percent on a sequential basis to an unpaid principal balance of $5.2 billion.

April 29, 2016 - IMFnews

A Slump for Commercial MBS in 1Q16, Including GSE Multifamily

Fannie, Freddie and Ginnie continue to dominate in multifamily mortgage securitization, capturing a combined 93.6 percent of the market in the first quarter.

April 28, 2016 - IMFnews

More Bad News for Ocwen: No Word on When MSR Purchases Can Commence; Lending Falls

The publicly traded servicer/originator took in $330.7 million in revenue, a 35.2 percent decline from 1Q15. Its origination revenue was a meager $23.2 million…

April 28, 2016 - IMFnews

Delinquencies Continue to Fall but Foreclosure Timelines Hit New Highs

Molly Boesel, a senior economist at CoreLogic, noted that in judicial states, servicers must provide evidence of delinquency to the courts in order to move a borrower into foreclosure.

April 28, 2016 - IMFnews

The Final Origination Tally for 1Q16: A Slight Decline but Results Vary Among Lenders

Quicken Loans, for example, reported a 4.9 percent increase in total originations compared to 4Q15. An estimated 81.0 percent of the nonbank’s production in 2015 was refinance loans…

April 26, 2016 - IMFnews

BB&T Reports Warehouse Commitments of $2.8 Billion

Warehouse consultant Larry Charbonneau noted that he knows of at least two new entrants to the business.

April 26, 2016 - IMFnews

Flagstar Boosts Originations and Income in 1Q16, Is Comfortable with TRID

Flagstar is the only depository that ranks among the nation’s top-five wholesale/broker lenders, according to Inside Mortgage Finance.

April 26, 2016 - IMFnews

Declining Rates Hurt MSR Values in 1Q16; 58 BPs for BofA?

A spokesman for BofA declined to provide any color on the mark, but provided a link to past financial filings where the bank talks about its hedging activities which are based on “model and other cash flow” assumptions.

April 22, 2016 - IMFnews

Non-Mortgage ABS Production Rebounds in Early 2016, But…

Roughly $41.42 billion of non-mortgage ABS were issued in the first quarter, up 35.8 percent from the unusually low volume at the end of 2015.

April 21, 2016 - IMFnews

Six Months After TRID Implementation, Closing Times Finally Start to Improve … But Not By Much

Closing times are improving but not by leaps and bounds.

April 21, 2016 - IMFnews

The Mortgage MSR Evolution Continues: From Banks to Nonbanks

Nonbanks serviced $2.085 trillion of agency MBS at the end of March, a 2.9 percent increase from the fourth quarter.

April 20, 2016 - IMFnews

Mortgage Complaints Down Across the Board – According to the CFPB

Wells Fargo was the subject of more mortgage complaints than any other player in the sector. Then again, Wells is both the largest lender and servicer.

April 20, 2016 - IMFnews

Fannie Mae Captured a Slice of Market Share in a Slumping 1Q16

Wells Fargo was the top seller to the GSEs in the first quarter with $22.75 billion, followed by Quicken Loans ($11.33 billion) and JPMorgan Chase ($6.87 billion).

April 19, 2016 - IMFnews

Short Takes: Wells Fargo Stays the Course on FHA / But FHA Production Drops / A Large MSR Auction from Prestwick / A FHLB Deal from Phoenix / New Hires for New Penn and Ellie Mae

Wells Fargo spokesman Tom Goyda called FHA lending an “important tool” for the bank.

April 19, 2016 - IMFnews

Mortgage Websites Get the Thumbs Down from Realtors on Customer Leads

Researcher Tom Popik said lenders may be missing opportunities to leverage strong homebuyer contacts acquired through the mortgage preapproval process.

April 18, 2016 - Inside the CFPB

Consumer Complaints About Their Mortgages Down Across the Board

In another sign that the mortgage market continues to heal, consumer complaints to the CFPB about their residential mortgages continued to fall broadly during the first quarter and on an annual basis, according to a new ranking and analysis by Inside the CFPB. The latest data from the bureau’s consumer complaint database show that total gripes about mortgages are down 6.7 percent from the fourth quarter, and off 4.1 percent from year-ago levels. Borrower kvetching about loan modification issues was even better, down 9.8 percent and 13.9 percent, respectively, for the two periods...

April 14, 2016 - IMFnews

GSEs Securitized Fewer Private MI Loans in 1Q16 as Purchase Market Slowed

Private mortgage insurance firms adjusted their pricing in early 2016…

April 14, 2016 - IMFnews

Wells Fargo Reports 10 Percent Decline in Originations; Applications Strong

Wells reported mortgage banking non-interest income of $1.6 billion for the first quarter, a $62 million decline from the prior period.

April 14, 2016 - IMFnews

BofA Reports Weakening Mortgage Profits; Originations Down in 1Q16

Meanwhile, BofA’s “legacy assets and servicing” unit lost $40 million in the first quarter of 2016.

April 13, 2016 - IMFnews

MBA Urges the CFPB to Move Slowly on HMDA Resubmission Guidelines; TRID Mess Cited

Because of continuing problems in implementing the TRID integrated disclosure rule, lenders have not been able to focus on the new HMDA requirements...

April 13, 2016 - IMFnews

Residential Originations Down 9.3 Percent at JPM in 1Q16 as Megabank’s CEO Laments the Mortgage Business

Maybe one of these days JPM will exit mortgages entirely. But for now, Jamie Dimon is staying put...

April 12, 2016 - IMFnews

Interest-Only (Non-QM) Residential Production on the Rise in 2015

Four of the five largest IO lenders in the group are commercial banks…

April 11, 2016 - IMFnews

Merrill Lynch Tells PHH to Take a Hike on Private-Label Contracts; Stock Clobbered

PHH isn't saying much on the touchy subject of Merrill Lynch at this time...

April 11, 2016 - IMFnews

Lending Home Claims to be the Largest ‘Marketplace’ Lender in Mortgages

Marketplace lenders connect borrowers with institutional and individual investors while eschewing traditional warehouse lines of credit...

April 11, 2016 - IMFnews

Ginnie Mae Market Slumped in 1Q16, But...

Early 2016 was the slowest market in a year for Ginnie MBS production...

April 8, 2016 - Inside FHA/VA Lending

GNMA Market Slumped in 1Q16, But Monthly Data Show Rebound

Ginnie Mae issued $93.41 billion of single-family mortgage-backed securities during the first three months of 2016, an 8.6 percent drop from the previous quarter, according to a new Inside FHA/VA Lending analysis of loan-level MBS data, excluding FHA reverse-mortgage activity. Early 2016 was the slowest market in a year for Ginnie MBS production, though it still was stronger than most of the agency’s pre-2015 business. And issuance in the first quarter of 2016 was 17.0 percent ahead of the volume produced during the same period last year. The soft spot in the first quarter was FHA lending, especially purchase-mortgage activity. Issuers delivered $54.44 billion of FHA loans into Ginnie MBS during the period, a 12.1 percent drop from the fourth quarter, including a 15.0 percent decline in FHA purchase mortgages. Securitization of VA loans fell by a ... [4 charts].

April 8, 2016 - IMFnews

New Study: Realtors Like the ‘Call Center’ Lending Model

Of course, Quicken isn't the only lender that uses call centers to produce retail loans...

April 8, 2016 - IMFnews

Non-Mortgage ABS Up Almost 30 Percent From 4Q15, But…

In 1Q, the residential MBS sector was down 7.1 percent from 4Q15 with $277.05 billion in new issuance. It was the lowest output since the second quarter of 2014...

April 7, 2016 - IMFnews

GSE MBS Issuance Takes a Breather in 1Q16; Refis Head North Again

There was a modest 1.8 percent increase in refinance business, and refi loans accounted for over half (52.1 percent) of GSE business in the first quarter – the first time refi activity exceeded purchase lending since early last year.

April 6, 2016 - IMFnews

Equifax, Experian Top the CFPB Complaint List; Mortgage Gripes Down

Total gripes to the bureau slid 5.0 percent in the first quarter and were off 3.0 percent on an annual basis...

April 5, 2016 - IMFnews

$128 Billion of GSE Loans Didn’t Meet the QM Test. The ‘Patch’ Saves the Day

This so-called agency “patch” was set up to last for seven years, or until 2021...

April 5, 2016 - IMFnews

The Shifting Sands of Subservicing: Growth for Cenlar; Ocwen Loses Big

At yearend, Cenlar ranked first in subservicing contracts...

April 4, 2016 - Inside the CFPB

Consumer Complaints Are Generally Trending Downward

Overall consumer complaints to the CFPB reached their lowest level in at least a year and a half, according to a new analysis and ranking by Inside the CFPB. Total gripes to the bureau slid 5.0 percent in the first quarter and were off 3.0 percent on an annual basis, data from the CFPB consumer complaint database show. Kvetching about residential mortgages was down slightly more, falling 6.7 percent and 4.1 percent, respectively, for those two time periods. In fact, mortgage-related belly-aching hasn’t been this low since the fourth quarter of 2013. The most dramatic change was seen in the prepaid card space, where criticisms plunged 73.3 percent in 1Q16. ... [with exclusive data chart] ...

April 4, 2016 - IMFnews

Mortgage Banking Jobs Take it on the Chin in February

Although BLS reported declines, recent interviews conducted by IMFnews suggest that some nondepositories are in a hiring mode this spring, especially for retail loan officers.

April 4, 2016 - IMFnews

Final Tally: Bank Loan Sales Fell in 4Q16; A Weak Year Overall

The link between loan sales and mortgage-banking income can be squishy…


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