Agency MSR Transfers Off Sharply in Early 2019

Agency MSR sales fell sharply from the fourth quarter of 2018 to the first three months of this year, according to an exclusive Inside Mortgage Trends analysis. Much of the downturn resulted fr...

Servicing

Top Nonbanks Surge in Ranking of GSE Servicers

A handful of nonbanks with limited production capacity saw significant gains in their GSE servicing portfolios during the first quarter, including New Residential Investment, Matrix Financia...

Securitization

Expanded-Credit MBS Issuance Hits Record High in 1Q

Issuance of expanded-credit mortgage-backed securities hit $5.97 billion in the first quarter of 2019, a record for the sector. It also topped prime non-agency MBS volume for the third conse...

Non-Agency MBS Market Starts 2019 on Solid Footing

Big gains in prime and expanded-credit MBS issuance are driving the market, although production of scratch-and-dent deals fell sharply in the first quarter.

News

Bank Repurchase Volume Falls to Record Low in 2018

Mortgage repurchases by banks and thrifts fell to $2.29 billion in 2018, the lowest annual total since institutions began reporting this activity on quarterly call reports in 2007. It would hav...

News

Subservicing is Growing but Vendor Landscape is Shifting

The nation’s subservicing vendors ended the fourth quarter with $2.47 trillion worth of contracts on their books, a 9.8% sequential gain and a handsome 23.5% annual increase, according to figur...

Inside MBS & ABS

PIMCO, MetLife Entering Non-Agency MBS Market

April 11, 2019

After years of acquiring mortgages as whole loans, PIMCO and MetLife are set to issue separate non-agency MBS stocked with seasoned mortgages. An affiliate of PIMCO plans a $382.56 million issuance while...

JPMorgan the First Big Bank to Issue Non-QM MBS

April 9, 2019

In a positive sign for the non-agency MBS market, JPMorgan Chase is set to issue a $440.54 million MBS stocked with non-qualified mortgages for primary residences. It will be the the first big bank...

Court Rules MBS Could be Subject to ERISA Standards

April 9, 2019

A recent court ruling in the case of Powell v. Ocwen Financial could significantly expand liability for non-agency MBS participants by subjecting MBS transactions to the Employee Retirement...

Prime Auto Loan ABS Expects Better Performance

April 10, 2019

Rating agencies set lower loss expectations for recent prime auto deals, but for subprime auto ABS, it's a different story.

More Inside MBS & ABS

Inside Nonconforming Markets

Issuance of Prime Non-Agency MBS Slows; Projections Slashed

April 10, 2019

Issuance of prime non-agency mortgage-backed securities slowed in the first quarter of 2019, prompting industry analysts to reduce their volume projections for the full year.

Nonprime Lenders Increase Production in First Quarter

April 10, 2019

Citadel Servicing and Angel Oak Companies reported a sharp increase in origination of nonprime mortgages for the first quarter. Demand from borrowers for non-qualified mortgages remains strong....

ARM Lending and Market Share Decline in 2018

April 11, 2019

Originations of adjustable-rate mortgages declined 11.6% in 2018, driven by sharp decreases at a number of banks that dominate ARM production. The sector also lost some market share during the year.

...

Interest-Only Mortgage Lending Declines in 2018

April 11, 2019

Interest-only mortgage originations in 2018 declined 12.1% among a group of top-ranked lenders. The decline was slightly greater than the drop in total first-lien originations.

More Inside Nonconforming Markets

Inside Mortgage Trends

Coissue Market Holds Steady Despite Strong Whole-Loan Bid

April 19, 2019

Loan originators have to look for a good fit when they're searching for a coissuance partner for their servicing rights, experts say. That may mean leaving some cash on the table in exchange for predictabil...

Megabanks Post Tremendous Market Share Losses in Servicing

April 19, 2019

Eight years ago, there was just one nonbank ranked among the nation's top 10 residential servicers. Today, it's a whole new ball game.

Just How Ugly Was 1Q19 for Mortgage Lending Megabanks?

April 19, 2019

So far, five major banks — Wells Fargo, JPMorgan Chase, Bank of America, U.S. Bancorp and Citigroup — have reported first-quarter results, including limited details about home lending. The bo...

BofA Ups Minimum Wage, Putting Others Under Pressure to Follow Suit

April 19, 2019

The nation's largest lenders are under political pressure to pay workers a fair living wage even as elevated costs of originating loans remain a headache for the mortgage industry.

More Inside Mortgage Trends

Inside FHA/VA Lending

2019 Starts Meekly as Flow of Purchase Loans Slows

New Ginnie Mae mortgage-backed securities volume in the first quarter of 2019 declined to the lowest level in nearly five years. Total single-family MBS production fell 15.7% sequentially to $76.97...

Dreamers' FHA Eligibility Again in Question

Conflicting interpretations of the law brings into question Dreamers' eligibility for FHA loans.

GNMA's Additional VA Seasoning Guidance Provides Certainty

Ginnie Mae issues additional guidance on loan seasoning in a variety of VA refinancing scenarios.

Quicken, DOJ Sent to Mediation on FHA Claims Case

A U.S. district court judge in Detroit has directed Quicken Loans and DOJ to settle via mediation their dispute over poorly underwritten FHA loans. But will they?

More Inside FHA/VA Lending

Premium Newsletter Content

Inside Mortgage Trends

Agency MSR Transfers Off Sharply in Early 2019

Agency MSR sales fell sharply from the fourth quarter of 2018 to the first three months of this year, according to an exclusive Inside Mortgage Trends analysis. Much of the downturn resulted from a return to more nor...

Inside Mortgage Finance

Private MI Business Down Sharply in Early 2019

The sharp downturn in purchase-money loans going into Fannie and Freddie MBS was accompanied by an even bigger drop in deliveries of loans with private mortgage insurance.

Inside Nonconforming Markets

Expanded-Credit MBS Issuance Hits Record High in 1Q

Issuance of expanded-credit mortgage-backed securities hit $5.97 billion in the first quarter of 2019, a record for the sector. It also topped prime non-agency MBS volume for the third consecutive quarter.

Inside MBS & ABS

Non-Agency MBS Market Starts 2019 on Solid Footing

Big gains in prime and expanded-credit MBS issuance are driving the market, although production of scratch-and-dent deals fell sharply in the first quarter.

Inside the CFPB

Volume 30:08 April 22, 2019

Inside The GSEs

Top Nonbanks Surge in Ranking of GSE Servicers

A handful of nonbanks with limited production capacity saw significant gains in their GSE servicing portfolios during the first quarter, including New Residential Investment, Matrix Financial Services and Pingora...

Inside FHA/VA Lending

2019 Starts Meekly as Flow of Purchase Loans Slows

Inside The GSEs

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