December 6, 2018

Latest from Inside Mortgage Finance

Jumbo Lending Surges in 2Q18

Overall jumbo volume recovered from the the first quarter slump, but conforming-jumbo securitization continued to slip.

Read more in Inside Mortgage Finance.

Purchase-Loan Market Began Softening in 3Q18 But Outlook Still Relatively Firm

Cracks began to appear in the housing market during the third quarter of 2018, leading to a modest decline in purchase-mortgage originations, but industry experts continue to predict a rebound next year. [Includes four data charts.]


Purchase Mortgage Volume Expected to Increase In 2019 Despite Higher Mortgage Interest Rates

The volume of purchase mortgage originations will increase in 2019 even though interest rates will be higher, according to industry economists. Purchase mortgage originations will be boosted to some extent by a rise in employment and wages along with demographic shifts.

Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’

Subservicing vendors ended the third quarter of 2018 with $2.33 trillion of contracts on their books, up 4.5 percent from June and 12.0 percent higher than a year ago, according to a new Inside Mortgage Finance ranking. [Includes one data chart.]

Feature Stories

Inside the CFPB

Kraninger Confirmed as CFPB Director. Will She Bring Change?

The Senate last week confirmed Kathy Kraninger as the second permanent director of the CFPB, on a 50-49 party-line vote.

Inside Mortgage Trends

Bank Servicing for Others Changes Tack with 3Q18 Gain, Valuations Rise Again

The outstanding volume of mortgages serviced for other investors by banks and thrifts has been falling almost constantly in the aftermath of the financial crisis, but the third quarter of 2018 saw a relatively rare increase. Banks and thrifts serviced $3.627 trillion of residential mortgages for other investors – typically mortgage-backed securities trusts – at the end of September, according to a new Inside Mortgage Trends analysis of call-report data ... [Includes one data chart]

Inside MBS & ABS

Strength in Refi Market and Batch of Seasoned Loans Help Buoy Agency MBS Production in November

Issuance of single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae held steady in No-vember, according to a new Inside MBS & ABS analysis of securities disclosures. [Includes two data charts.]

Inside The GSEs

GSE Single-Family Business Steady in November Thanks to Freddie

Single-family mortgage business volume fell slightly from October to November, while refinance activity actually grew. [Includes two data charts.]

Inside Nonconforming Markets

Correspondent Channel Gains More Market Share of Jumbo Originations in Third Quarter

The correspondent channel has continued to gain market share of jumbo mortgages as production of such loans has shifted to purchase financing, according to a new analysis by Inside Nonconforming Markets. Correspondents accounted for 21.7 percent of third-quarter jumbo mortgages originated by lenders that report data to Inside Mortgage Finance. The sector’s market share has increased for three consecutive quarters. Correspondents accounted... [Includes one data chart]

Inside FHA/VA Lending

FHA Forward Volume Down Sharply, Weak Purchase Business Fuels Fall

FHA forward mortgage production plunged in the third quarter, precipitated by a substantial drop in purchase activity. [Includes two data charts.]


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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