March 21, 2019

Latest from Inside Mortgage Finance

ARM Share Drops in Third Quarter

Adjustable-rate mortgages accounted for a smaller share of originations in 3Q18, despite rising interest rates. The decline may reflect slower production in the ARM-heavy jumbo market.

Read more in Inside Nonconforming Markets.

Agency Servicing Grows in 4Q18, Banks Say No Thanks

The mortgage servicing market continued to grow in the fourth quarter of 2018, with most of the gains coming in the agency market, according to a new Inside Mortgage Finance analysis.

More

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 figures compiled by Inside Mortgage Finance.

Nonbanks Increasing Originations of Non-QMs

Several nonbanks are increasing their originations of non-qualified mortgages, a bright spot in an otherwise declining volume environment.

Feature Stories

Inside FHA/VA Lending

GNMA MBS Production Down Sharply in February

Ginnie Mae issuers produced just $22.84 billion of new mortgage-backed securities in February, the lowest monthly total in nearly five years, according to a new Inside FHA/VA Lending analysis. [Includes two data charts.]

Inside Nonconforming Markets

Strong Growth for Jumbo Servicing in 2018

The amount of jumbo mortgage servicing handled by the top servicers increased at a much faster rate in 2018 than the total amount of outstanding residential mortgages, according to a new ranking and analysis by Inside Nonconforming Markets. [Includes one data chart]

Inside MBS & ABS

REITs Add to Agency MBS Holdings, Non-Agency Down

Real estate investment trusts increased their holdings of agency MBS during the fourth quarter of 2018, capping a solid year of growth, according to an Inside MBS & ABS analysis. [Includes one data chart.]

Inside the CFPB

Kraninger to Focus on Prevention of Harm

Kathy Kraninger, now into her fourth month as CFPB director, seems to have adopted an industry-friendly approach at the agency, but she’s being less dramatic than her predecessor Mick Mulvaney.

Inside Mortgage Trends

Broker Business Gained Market Share in 2018

Retail mortgage lending remained the dominant originations channel in 2018, but it lost some luster to third-party production channels. [Includes two data charts]

Inside The GSEs

Freddie’s MBS Business Rebounds in February

Freddie Mac increased its production of single-family mortgage-backed securities at a time when its two secondary market competitors saw significant declines in volume. [Includes two data charts.]

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