Market Data

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

September 3, 2015 - IMFnews

GSEs’ Alt A Performance Improves, Losses Persist

Alt A mortgages accounted for 31.3 percent of the credit losses the GSE took through two quarters in 2015.


September 3, 2015 - IMFnews

Purchase Lending Likely Hit Post-Crisis High in 2Q15, But Refis Still a Factor

Meanwhile, refinance lending rose just 0.9 percent from the first to the second quarter, but still accounted for just over half of new originations during the period.


September 2, 2015 - IMFnews

GSE Reduced-Downpayment Programs Still Struggling?

Ginnie’s big advantage is that it gets all the FHA and VA loans, while the GSEs so far have not gotten much traction in their reduced-downpayment programs.


August 31, 2015 - IMFnews

GSE Buyback Activity Slows Again in 2Q15; A New Low

Almost 60 percent of the repurchases made in the first half of 2015 involved loans that were securitized by the GSEs in 2013 and 2014.


August 28, 2015 - Inside The GSEs

GSEs Losing Race for First-Time Homebuyers to FHA/VA Financing

First-time homebuyers make up a significant part of the purchase-mortgage market, but Fannie Mae and Freddie Mac have a hard time competing with Ginnie Mae, according to a new Inside The GSEs analysis of loan-level data.The three agencies securitized $118.90 billion of first-time buyer mortgages during the first six months of 2015, but Ginnie accounted for over half (52.4 percent) of the business. Ginnie’s big advantage is that it gets all the FHA and VA loans, while the GSEs so far have not gotten much traction in their reduced-downpayment programs. First-time buyers typically have less savings for a downpayment and often have less-stellar credit profiles. In the first half of this year, the average loan-to-value ratio for...(charts)


August 28, 2015 - IMFnews

What We’re Hearing: Will Banks Ever Return to Wholesale? / $354 Million for Stearns Lending? / Eventually, There Will be a Merger / The Dave Stevens ‘Flip-Flop’ Controversy / MBA’s Top Paid Consultants

What do nonbanks think about depositories avoiding the wholesale/broker sector? They love it.


August 28, 2015 - IMFnews

Depositories Clean Up on Mortgage Banking in 2Q

Fun fact: it was the highest mortgage-related income posted by the banking industry since the second quarter of 2013.


August 27, 2015 - IMFnews

Short Takes: Fannie Gets the Origination Blues / Hopefully, It Won’t Come True / Marix Gets Freddie Approval / Freddie Grows. Don’t Tell FHFA / MIAC Hires Trading Desk Chief

If Fannie Mae's origination forecast comes true, just $615 billion in loans will be written from July 1 to Dec. 31, an ugly outlook indeed…


August 27, 2015 - IMFnews

Slip Sliding Away: Subprime Servicing Rights; Here Comes Caliber?

Only one servicer among the top 15 – Caliber Home Loans – avoided a decrease in subprime MSRs...


August 26, 2015 - IMFnews

Short Takes: About That Fed Hike in Rates… / Rates Under 4 Percent with No Points / But Apps are Flat – For Now / LA is Too Much for the Borrower / Auction.com Hires eBay Executive

A quick check of rates this morning found that firms such as Sebonic and Aurora Financial were offering 30-year fixed-rate loans at 3.75 percent with no points.


August 26, 2015 - IMFnews

CFPB Finds Mortgage-Related Complaints Declining, Led By Ocwen and Nationstar

Among the top 10 companies in the complaint database, two mortgage servicers showed improved performance: Ocwen and Nationstar.


August 25, 2015 - IMFnews

MBA: Origination Profit at Independents Almost Flat in 2Q

The results are based on 354 lenders that submitted production data to the trade group.


August 21, 2015 - Inside FHA/VA Lending

HUD Publishes Latest Updates to FHA Single Family Policy Handbook

The FHA will not issue a new case number for any FHA-to-FHA refinance if the current mortgage has a repair or rehabilitation escrow account in FHA Connection. The change, which is one of several updates to FHA Single Family Policy Handbook 4000.1, applies only to FHA streamline refis. It aims to ensure that escrow funds of the mortgage being refinanced are properly applied as well as conform to system requirements. The updated sections become effective on Sept. 14, 2015. Another change clarifies that the payoff statement for the mortgage being refinanced is the only document required when calculating the maximum mortgage amount for simple refi transactions. In addition, guidance for loan-to-value limits for cash-out refis has been updated to clarify that the 85 percent LTV restriction applies only to cash-out refis. HUD also noted that appraisers have flexibility in regards to when inspections should ...


August 19, 2015 - IMFnews

S&P Leads Rating Share for Non-Mortgage ABS, Lags in Ratings on Non-Agency MBS

DBRS was the most active rating service in the non-agency mortgage-backed security market halfway through 2015.


August 17, 2015 - IMFnews

2Q Profit Tally: Servicing Rebounded From Rough 1Q, But Production Margins Fell

Although all 13 firms reported positive earnings on their origination and sales activity, many noted that production-related revenue did not keep pace...


August 17, 2015 - IMFnews

U.S. Timeshare Delinquencies at Lowest Level in Eight Years

Timeshare collateral has displayed consistent year-over-year improvement since 2012.


August 17, 2015 - IMFnews

GSE MBS Issuance Continues to Increase, Partly Due to Seasoned Loans

A big part of Freddie’s sharp increase in issuance came from the $8.00 billion of seasoned loans the company securitized in July.


August 14, 2015 - IMFnews

What We’re Hearing: Who’s Going Public? / The FIG of Houlihan Lokey Has Been Busy / loanDepot’s Investor? / Thank You, China / Chinese Nationals Need to Pay in Dollars / Mortgage Debt Should Rise Soon / How Donald Trump Might Pay Off Our Bills

When a nonbank unveils a nonconforming product that can’t be securitized the first question we ask is this: where will the loans ultimately reside?


August 14, 2015 - IMFnews

Value of REIT MBS Holdings Continues to Slip

It was the group’s lowest MBS portfolio valuation since the fourth quarter of 2011.


August 14, 2015 - IMFnews

Neighborhood Watch Remains ‘Dark’ as HUD Grapples for a Fix

HUD said it has been “working aggressively” with its web contractor, which it did not identify, to restore the system.


August 13, 2015 - IMFnews

Total Past-Due Rate Increased in 2Q; $575 Billion in Arrears

Overall, delinquencies remained below levels seen a year ago...


August 13, 2015 - IMFnews

MIs Post Huge Jump in New Insurance Written, Best Showing Since the Crash

The sharp increase in purchase-mortgage lending during 2Q helped float the private MI boat higher.


August 12, 2015 - IMFnews

Thanks to China, Another Refi Wave May be Upon Us. Or Not. MSR Markdowns?

If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.


August 12, 2015 - IMFnews

Mortgage Lenders Still Playing it Safe on Loans Sold to Fannie and Freddie

In the second quarter of 2015, 66.4 percent of loans sold to the GSEs had credit scores of 740 or higher.


August 11, 2015 - IMFnews

VA Securitization Gains in 2Q, but FHA Really Takes Off

Meanwhile, $69.1 billion in FHA purchase and refi loans were securitized in 2Q, a whopping 93.9 percent sequential gain.


August 11, 2015 - IMFnews

First Tennessee Shows Strong Growth in Warehouse Unit

First Tennessee has 172 warehouse customers, compared to 160 a year ago.


August 10, 2015 - Inside the CFPB

Consumer Complaints About Student Loans Up at Mid-Year

Consumer complaints about their student loan debt obligations rose slightly at the six-month mark, up 4.8 percent versus the previous year, according to a new analysis by Inside the CFPB. Month over month, gripes were down 4.0 percent. There was a good bit of variation in the numbers, company to company, during both time periods. But there was also a good bit of consistency within individual companies, with six of the top 10 rising or falling according to both metrics. For instance, top-ranked Navient saw consumer criticisms fall 6.8 percent quarter over quarter and 14.8 percent at the mid-year point compared with last year. Meanwhile, at second-ranked Genesis Lending, consumer complaints spiked 29.9 percent QOQ and skyrocketed more than 1,000 ...


August 10, 2015 - IMFnews

Jumbo Originations Surge; Fierce Competition on Pricing, More

A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent.


August 7, 2015 - IMFnews

Mortgage Bankers and Brokers Continue to Hire, 1400 Positions Added

Servicing employment has been under pressure the past few years as loan processors such as Ocwen Financial, Nationstar Mortgage and others move to offshore as many back office workers as possible.


August 6, 2015 - IMFnews

Short Takes: Stand by Your PHH / The New (Regulatory) Norm for the Mortgage Industry / MPF Jumbo a Dud? / Commercial Production on the Rise / A New Guardian for Guardian

Is now a time to buy into PHH?


August 6, 2015 - IMFnews

Fannie Mae Posts Net Profit of $4.6 Billion; CEO Predicts Less Credit Overlays

Thanks to second quarter profits posted by Fannie Mae and Freddie Mac, the Treasury Department will be richer by $8.3 billion...


August 6, 2015 - IMFnews

The Fastest Growing Loan Types in 2Q: Jumbos and FHA/VA

Over the winter, the VA program had quietly become a much more significant factor in the government-insured market...


August 5, 2015 - IMFnews

Rates Fall, Applications Rise

Residential lenders funded $445 billion in the second quarter, one of the best readings in two years, according to figures compiled by Inside Mortgage Finance.


August 5, 2015 - IMFnews

Two Stunners: Ginnie Issuers Pump Out a Record $45.5 Billion; Ginnie Issuance Tops Fannie’s

The last time Ginnie Mae was the top agency issuer was in January of 2009...


August 4, 2015 - IMFnews

Freddie Mac Earns Almost $4.2 Billion in 2Q, Will Ship $3.9 Billion to Uncle Sam

Freddie CEO Don Layton noted that, “G-fees now account for more than 40 percent of income and is becoming a growing revenue source.”


August 4, 2015 - IMFnews

GSE ‘Jumbo’ Share Rising With Heavy Refi Volume

Conforming-jumbos accounted for almost 10 percent of GSE business on single-unit properties in the first half of this year...


August 3, 2015 - IMFnews

Banks Report Strongest Mortgage Profits in Two Years

At the midway point of 2015, the group’s $8.061 billion in year-to-date mortgage-banking income was up 15.1 percent from the first six months of 2014.


July 31, 2015 - IMFnews

The Shifting Sands of Agency MBS Issuance: ARM Volume Down Significantly

ARM MBS production by Fannie and Freddie in the first half of 2015 was down 20.1 percent from a year ago.


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.”


Poll

During the first half of 2015 all residential lenders originated a better-than-expected $805 billion of home mortgages, according to Inside Mortgage Finance. What do you expect in the second half?

Just as good. We like what we’re seeing.
Better. Applications are strong.
Worse. We’re worried about rates, seasonality.
A lot worse. The fourth quarter could be a killer.

vote to see results
Housing Pulse