March 21, 2019

Latest from Inside Mortgage Finance

Subservicing up 9.8%

The nation’s subservicing vendors ended the fourth quarter with $2.47 trillion worth of contracts on their books, according to figures compiled by Inside Mortgage Finance.

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. [Includes two data charts.]

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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. [Includes one data chart.]

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 The GSEs

GSE Mortgage Buybacks Hit A Record Low Last Year

Mortgage sellers repurchased just $833.7 mil-lion of single-family loans from Fannie Mae and Freddie Mac mortgage-backed securities last year, according to a new Inside the GSEs analysis.

Inside MBS & ABS

Banking Sector Elbows Fed to Second in MBS Holdings

The Federal Reserve lost its top ranking among residential MBS investors during the fourth quarter of 2018, giving way to the commercial banking sector, according to a new In-side MBS & ABS analysis. [Includes three data charts.]

Inside Mortgage Trends

4Q18 Income Down Sharply For Public Nonbank Lenders

Several publicly held nonbank lenders took a beating on servicing hedges and other factors during the fourth quarter of 2018, according to a new Inside Mortgage Trends analysis of earnings reports. Seven public firms reported a combined loss of $120.53 million on mortgage banking activity during the fourth quarter. An eighth nonbank, Ditech Financial, has not reported yearend earnings and entered bankruptcy protection for a second time ...[Includes one data chart]

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 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 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.

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