Market Data

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

February 5, 2016 - IMFnews

Monday Morning Quarterbacking: If Only the Industry Had Used Sensible Underwriting Standards, Think of the Loan Volume…

Laurie Goodman, director of the HFPC, said lenders have “plenty of room to safely ease credit.”


February 5, 2016 - IMFnews

Surprise: Mortgage Hiring Inches Up in December

Among those hiring is Jordan Capital Finance, Chicago, which seeks to add new loan reps and a senior vice president of sales and business development...


February 5, 2016 - IMFnews

Issuance of Agency MBS Down Slightly in January; But Ginnie Production Rises

Ginnie Mae even posted a 5.6 percent increase in refinance loan securitizations...


February 4, 2016 - IMFnews

PennyMac Financial Ready to Launch Wholesale Unit

Stan Kurland on PennyMac's move into wholesale/broker lending: “We are currently developing the necessary systems and infrastructure..."


February 4, 2016 - IMFnews

Residential Servicing Ready to Surpass the $10 Trillion Mark (Again)?

But there is this caveat: the steady growth of the top 50 servicers is in bold contrast to the industry’s top tier. Wells Fargo, Chase and Bank of America all reported shrinkage in their servicing businesses in 2015.


February 3, 2016 - IMFnews

Final Tally: 2015 the Second Worst for MBS Trading Volume

No wonder Wall Street firms are trimming their fixed-income desks. MBS daily trading continues to struggle…


February 2, 2016 - IMFnews

Bank Holdings of Non-Agency MBS Take a Tumble

While most players holding non-agency MBS have seen their investments decline, two types of investors actually increased their holdings...


January 29, 2016 - IMFnews

Income-Property MBS Hit Post-Crash High in 2015; GSE, Ginnie Mae Multifamily Shine

All three agencies posted big increases in multifamily MBS issuance last year, with Freddie (up 65.4 percent) and Fannie (up 36.4 percent) leading the way…


January 28, 2016 - IMFnews

Is an Interest Rate Hike for March Still on the Table?

Will mortgage lenders continue to cut their rates?


January 28, 2016 - IMFnews

The Final Word on 2015 Originations: $1.735 Trillion, Much Better Than Most Expected

What's going on with the megabanks? The origination market continued to de-consolidate and tilt toward nonbank lenders...


January 27, 2016 - IMFnews

Residential Lending Down at EverBank, Commercial Lending Up

Meanwhile, servicing income at EverBank fell 26 percent to $26.9 million. Gain-on-sale revenue also fell 26 percent – to $24.7 million.


January 27, 2016 - IMFnews

The Final MSR Transfer Count for 2015: $254 Billion; BofA a Major Seller of Ginnie Rights

Not only has BofA reduced its presence in the FHA market, but it keeps dumping its Ginnie Mae servicing rights...


January 26, 2016 - IMFnews

Short Takes: Flagstar’s Best Year Since 2003 / Depositories Not So Aggressive in Table Funding (Still) / Genworth’s Share Price Continues to Suffer / Arch Among Fast-Growing MI Firms / DB’s MBS Research Chief Departs

Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...


January 26, 2016 - IMFnews

Flagstar Admits TRID was a Problem; Originations Down 26 Percent in 4Q

Mortgages sold and securitized by Flagstar fell 29.4 percent.


January 26, 2016 - IMFnews

Third-Party Originators More Daring on Credit in 4Q15

Loan brokers were slightly more purchase-focused than retail lenders...


January 25, 2016 - Inside the CFPB

Mortgage Complaints to the CFPB Continue to Fall Broadly

In another sign that the mortgage market is continuing to heal – at least from the borrower perspective – consumer complaints to the CFPB about their mortgages continued to drop, falling broadly and by double digits in every category tracked by Inside the CFPB during the fourth quarter. Leading the way during 4Q15 was a 45.1 percent plunge in consumers disputing a company’s response to an original complaint, our analysis of information from the consumer complaint…


January 25, 2016 - IMFnews

Megabanks Show Decent Rise in Mortgage Profits for 2015

But all is not rosy. At JPM, mortgage servicing balances continue to decline and the bank’s executives expect production margins will compress as origination volumes diminish…


January 22, 2016 - IMFnews

Based on ‘Transfers,’ $254 Billion of Agency and Ginnie MSRs Changed Hands in 2015

The Ginnie Mae market was the most active of the three, with an estimated $112.6 billion in MSR sales through the first 11 months of 2015.


January 22, 2016 - IMFnews

Need to Foreclose in New Jersey? Can You Wait 1,180 Days?

The count for the Garden State is almost double the national average of 629 days...


January 21, 2016 - IMFnews

And the Beat Goes On: Nonbanks Increased Their MSR Market Share by 16 Percent

Also, the agency servicing market has continued to become less top-heavy.


January 19, 2016 - IMFnews

AmeriHome the Fastest- Growing Ginnie Issuer at 982 Percent

A huge factor in the record-setting year was the 115.5 percent surge in refinance loans securitized in Ginnie MBS.


January 19, 2016 - IMFnews

Clobbered in 2015, Have Mortgage Stocks Finally Reached a ‘Bottom’?

For investors in mortgage stocks, the question becomes: Well, how much will these beaten-down eight come back?


January 19, 2016 - IMFnews

Mortgage Production Just About Flat at BofA in 4Q15; Residential Profits Down 35 Percent

The mega banked earned $133 million from home lending and servicing in the fourth quarter, a 35 percent decline from 3Q15.


January 19, 2016 - IMFnews

Survey of Real Estate Agents Will Provide Details on the Changing Nature of Lender Referrals

Where Realtors were once the first source of information for homebuyers, increasingly independent mortgage lenders are attempting to provide leads on homes for sale and more...


January 19, 2016 - IMFnews

First Republic the Top Jumbo MBS Contributor, Quicken No. 2

Jumbo MBS issuers are not required to identify lenders that contribute less than 5.0 percent of the loans to any particular deal.


January 15, 2016 - Inside FHA/VA Lending

Broker Seeks Bids on $3 Billion GNMA Bulk Residential MSRs

Interactive Mortgage Advisors is auctioning off $3.02 billion in Ginnie Mae residential mortgage-servicing rights for an undisclosed client. According to IMA, the seller is a “well-known, independent mortgage banker with very strong net worth and well-versed in servicing transfers.” The loans are being sub-serviced by LoanCare. The MSR package consists of 17,989 loans – FHA (15,288) and VA (2,610) – with an average loan size of $168,886. The yield on the underlying mortgages is 4.069 percent. The service fee is 0.2917 percent. An estimated 8.92 percent of all loans in the deal are delinquent. Approximately 3.07 percent of the loans are either in bankruptcy or in foreclosure. The top states in the transaction are Texas, which accounted for 11.4 percent of all loans; California, 9.6 percent; Florida, 8.1 percent; and New York, 5.8 percent. The deadline for ...


January 15, 2016 - Inside FHA/VA Lending

Ginnie Mae Issuance Hits New High In Securitized VA, FHA, RHS Loans

Issuers of Ginnie Mae mortgage-backed securities pushed a record $435.80 billion of government-insured loans through the program during 2015, according to a new Inside FHA/VA Lending analysis and ranking. Last year’s total Ginnie MBS issuance topped the previous record of $429.50 billion issued during 2009. The $435.80 billion total for 2015 includes securitization of FHA home-equity conversion mortgages and other single-family loans guaranteed by FHA, the VA, and the Department of Agriculture rural housing program from Ginnie pool-level MBS data that are not truncated. Production in 2015 hit its high-water mark in the third quarter with $128.23 billion in issuance, and then fell 18.0 percent in the final three months of the year. Purchase mortgages continued to account for most Ginnie business in 2015, 58.0 percent of the agency’s forward-mortgage securitizations. But a huge factor in the ... [ Charts ]


January 15, 2016 - IMFnews

What We’re Hearing: A Big Year for Mortgage M&A? Don’t Bet On It / Jamie Dimon’s Thrift / Borrowing Short and Lending Long / When’s the Last Time a Megabank Bought a Mortgage Company? / $1.7 Trillion in Originations?

When’s the last time a regional or megabank bought a nonbank mortgage company? Wells Fargo? JPMorgan? BofA? Citigroup? Nope, none of them, that we can recall...


January 15, 2016 - IMFnews

Originations at Wells Fargo Down a Modest 14.5 Percent in 4Q

Wells' lending performance stands in contrast to its closest JPMorgan Chase, which reported a 23.3 percent sequential decline in mortgage production for the period.


January 15, 2016 - IMFnews

A Milestone: Non-Agency MBS Issuance Neared a Post-Crash High in 2015

Prime jumbo MBS issuance rebounded from a soft 2014 with $12.08 billion in issuance, a 25.4 percent gain.


January 14, 2016 - IMFnews

JPM Suffers a 23 Percent Decline in Residential Lending, but Megabank Continues to Hoard Loans for Balance Sheet

At yearend, JPM held $157.1 billion of what it calls “prime mortgages” (including option ARMs), a stunning 48 percent increase over the past 12 months.


January 14, 2016 - IMFnews

Residential Lending Could Remain Strong This Year – Thanks Partly to the TRID ‘Backlog’

Closing delays caused by TRID will push a certain amount of loan production into the first quarter of 2016. But how much?


January 14, 2016 - IMFnews

Fannie/Freddie Business with Private MI Fell in 4Q; A Shift to FHA/VA?

However, for all of 2015, private MI volume in Fannie/Freddie MBS was up 25.2 percent from 2014...


January 13, 2016 - IMFnews

Complaints Filed with the CFPB Down Sharply in 4Q15, but…

In the home mortgage sector, complaints dropped both quarterly and annually.


January 12, 2016 - IMFnews

Prospects for New Home-Equity Lending Are Looking Up

“Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor," said CoreLogic's Sam Khater.


January 12, 2016 - IMFnews

Nonbank Share of GSE Business Approaching the 50 Percent Mark

Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…


January 11, 2016 - Inside the CFPB

Complaints Fall Sharply in Nearly Every Category in Fourth Quarter

Consumer complaints to the CFPB fell by double digits in nearly every category during the fourth quarter of 2015, with total complaints down 20.1 percent for the period, despite the one area that showed an increase – prepaid cards – skyrocketing 242.1 percent, according to the latest analysis by Inside the CFPB. However, the lending industry’s performance vis-à-vis consumers generally deteriorated in most categories on an annual basis, the latest data from the CFPB consumer complaint database show. Leading the improved performance during 4Q15 was the student loan sector, which saw gripes drop by a huge 31.7 percent, followed by declines in the debt collection space (off 27.5 percent), and in the home mortgages and credit report categories, both of which saw ...


January 11, 2016 - IMFnews

Insurance Company Ups Stake in Stonegate as Lender Hits 52-week Low

Stonegate, which lost $22.8 million in 3Q15, likely will report its fourth quarter results sometime in February.


January 11, 2016 - IMFnews

Mortgage Bankers and Brokers Shed Jobs at Yearend; Loan Officers Still in Demand

Although residential lending could fall by 20 percent in 2016, the demand for retail LOs with strong ties to Realtors and home builders should remain strong.


January 11, 2016 - IMFnews

In a Fading 4Q Market, Lenders Lean More on Correspondent and Wholesale Channels

While nonbank residential lenders lean a little more on TPO channels, banks are still the driving force in the correspondent market…


January 8, 2016 - IMFnews

What We’re Hearing: TRID, a Major Crisis? / Will Public Mortgage Firms Answer the TRID Question? / Commercial Bank Rejects Most TRID Loans / Genworth, PennyMac Hit 52-Week Lows / CMLA Lists Its Priorities

Then again, we also hear reports that the worst of the TRID mess will be over by the end of February…


January 8, 2016 - IMFnews

CFPB Seeks Public Comments on the Resubmission of Mortgage Lending Data

Specifically, the bureau’s notice asks for public comment on the agency’s use of resubmission error thresholds and how they should be calculated.


January 8, 2016 - IMFnews

A Solid Year for MBS/ABS Issuance, Though Volume Faded at Yearend; A New Record for Ginnie Mae

Residential lenders issued a record $435.8 billion of Ginnie Mae securities in 2015, according to Inside MBS & ABS, a handsome 47 percent increase from the prior year.


January 7, 2016 - IMFnews

Fannie/Freddie MBS Issuance Down Sharply in 4Q; Full Year Numbers Strong

Freddie managed a bigger annual increase over 2014 levels than Fannie did, thanks in part to its more active program in securitizing seasoned loans.


January 6, 2016 - IMFnews

JPM Continues to Dominate (By Far) as a Securitizer of USDA Loans

Chase’s nine-month USDA volume translated into a 31.0 percent market share.


January 5, 2016 - IMFnews

‘Flipper’ Lender Jordan Capital Hopes to Double Volume in 2016

Jordan lends in roughly 45 states and its loans have an average life of about eight months. The nonbank extends credit at rates of 10 to 12 percent.


January 5, 2016 - IMFnews

Interest-Only Loan Volume Fails to Keep Pace; PHH Still No. 1

PHH Mortgage remained the predominant IO lender with $3.43 billion during 3Q15, but the firm’s volume fell 16.9 percent on a sequential basis.


January 4, 2016 - IMFnews

Stocks Plunge, Rates Down Slightly; Mortgage Stocks So-So

As IMFnews went to press, Stonegate Mortgage was suffering the most among real estate finance-related stocks, down 7.16 percent on the day.


January 4, 2016 - IMFnews

Jumbo MBS Issuance Declines in Q4; Outlook Not Go Great

Nine firms issued jumbo MBS in 2015 and JPMorgan Chase was the top issuer for the second year in a row.


December 31, 2015 - IMFnews

Origination of Reverse Mortgages Continues to Grow; Banks on the Sidelines

Commercial banks continue to avoid the reverse mortgage market like the plague.


Poll

A lot has been written lately regarding loan closing delays tied to the new TRID rule. What’s been the average delay at your lending shop, if at all? (Report in business days, not calendar.)

TRID has caused no delays whatsoever because we were prepared.

30%

1 to 4 days.

27%

5 to 10 days.

13%

11 to 15 days. It’s been a nightmare.

11%

We’re too embarrassed to tell you.

20%

Housing Pulse