Browse articles from IMFnews related to Data/Rankings.

July 16, 2018 - IMFnews

A 23 Percent Increase in Home Lending for Bank of America

Bank of America no longer breaks out mortgage income separately.

July 13, 2018 - IMFnews

Mixed Trends for Residential MBS Issuance Halfway Through 2018

Some $315.95 billion of single-family MBS was issued in the second quarter, up 8.2 percent from the previous quarter, according to Inside MBS & ABS.

July 12, 2018 - IMFnews

GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

All of the growth in GSE volume came from the purchase-mortgage side of the business…

July 10, 2018 - IMFnews

Flagstar Hires Regions Bank Executive to Head Retail

In the first quarter of 2018, Flagstar funded $7.88 billion of home mortgages, just $960 million of which came through the retail channel...

July 10, 2018 - IMFnews

Purchase Market Springs to Life in 2Q18, Freddie Regains Market Share

The net result was a strong gain in Freddie’s share of the GSE market…

July 10, 2018 - IMFnews

On the Decline: Mortgage and Student Loan Complaints

Gripes against Experian came in at 14,914 over the six-month period…

July 9, 2018 - IMFnews

Agencies Leaning More on the ‘QM Patch’

The share of high-DTI loans has continued to go up this year…

July 6, 2018 - IMFnews

CFPB Set to Implement HMDA Relief Later This Summer

The relief comes from the Dodd-Frank reform act, which was signed into law in May...

July 6, 2018 - IMFnews

DBRS Tops in Rating Non-Agency MBS

Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…

July 6, 2018 - IMFnews

Fannie Mae Servicer Seterus the Foreclosure King of California?

Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…

July 5, 2018 - IMFnews

MBA: Mortgage Applications Post a Slight Decline

Brace yourself, new mortgage employment figures will be released Friday morning…

July 5, 2018 - IMFnews

Despite Higher Rates, ARMs Slow to Catch On

The top six ARM lenders are all commercial banks, led by Bank of America…

July 3, 2018 - IMFnews

Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal

TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.”

July 3, 2018 - IMFnews

A Big Decline for Interest-Only Originations

Among all IO originators, First Republic Bank ranked first with $1.54 billion…

July 3, 2018 - IMFnews

Banks Boost First-Lien Holdings in 1Q18 but a Slight Drop at Wells Fargo

The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…

July 2, 2018 - IMFnews

Rising Rates Take a Bite out of FHA Lending

Fairway Independent Mortgage ranked first among all FHA purchase lenders with $880.8 million in 1Q18...

July 2, 2018 - IMFnews

Ten Years After the Housing Crisis, Wells Still No. 1 in Mortgages. However…

But the most telling sign of how the banking industry has lost its grip on home lending rests in the number of depositories that rank among the top 20…

June 29, 2018 - IMFnews

Nonbanks Increasingly Taking Over Agency MBS Production

The tally: nonbanks grew their GSE business by 1.5 percent during the first five months of the year. Banks retrenched by 16.2 percent…

June 28, 2018 - IMFnews

The Wells Fargo Layoff Tally for June: 400 and the Month’s Not Over Yet

Wells Fargo is the nation’s largest home lender and a bellwether for the overall market.

June 28, 2018 - IMFnews

More Pain, No Gain for Nation’s Largest Home Lenders

With loan production hitting a wall at the megabanks, layoffs are likely to ensue...

June 27, 2018 - IMFnews

A Decline in FHLB Advances. Big Drops for JPM and Wells

The figures show that compared to the first quarter of 2017, both JPM and Wells greatly reduced their FHLB borrowings…

June 27, 2018 - IMFnews

Bank Loan Sales Down Sharply in First Quarter, JPM Especially

Second-ranked JPMorgan Chase reported a hefty 48.3 percent decline in mortgage sales.

June 26, 2018 - IMFnews

Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official

Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…

June 26, 2018 - IMFnews

A Spike in Fannie Mae Loan Repurchases

Virtually all of the repurchase activity is now focused on newer production.

June 25, 2018 - IMFnews

Wells Fargo Cuts 100 Workers at South Carolina Location

Applications have picked up in April, May and June but firms that focused too heavily on refis are now feeling the heat.

June 22, 2018 - IMFnews

Securitization Rate Holds Steady in Early 2018, but GSEs Lost Market Share

Mortgage lenders started diverting high-balance GSE-eligible loans into non-agency MBS last year…

June 21, 2018 - IMFnews

The Bank Retreat from the MSR Market Begins to Slow

Also, credit unions and thrifts both increased their MSR holdings...

June 20, 2018 - IMFnews

On the Ascent: Jumbo Servicing Balances

One of the fastest growing jumbo servicers is Shellpoint Mortgage…

June 19, 2018 - IMFnews

A 13.5 Percent Gain for ‘Expanded-Credit’ Originations

Citadel, one of the earliest entrants to the new expanded-credit market, funded $295.0 million of loans in the first quarter, a 19.4 percent sequential increase…

June 18, 2018 - IMFnews

HECM Originations Spiked in 1Q18. (That’s Not a Misprint)

Reverse production increased 18.5 percent when measured against 1Q17.

June 15, 2018 - IMFnews

What We’re Hearing: There Goes the GSE Footprint / MBA Chief Tackles GSE Stock Speculators / Underwater: Pershing Square / Fannie-Freddie Charter Creep or are They Just Helping the Little Guy? / New Hires for TCF

It’s official: The Treasury Department’s goal is to reduce the footprint of Fannie Mae and Freddie Mac. Who says so? Treasury counselor Craig Phillips...

June 15, 2018 - IMFnews

CFPB Doesn’t Have to Make Complaints Public. However…

The CFPB is considering cutting off public access to the complaint database, which was launched in 2012 under former Director Richard Cordray.

June 15, 2018 - IMFnews

MBS Outstanding on a Steady Growth Track. Ginnie MBS Balance: $1.83 Trillion

Year over year, MBS outstanding grew by 4.8 percent, according to a new tally from Inside MBS & ABS…

June 14, 2018 - IMFnews

Jumbo Mortgage Production Down Sharply in First Quarter

Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America…

June 13, 2018 - IMFnews

MBS Business Up Modestly, but GSE Credit Box Unchanged

In the first quarter, average credit scores on purchase mortgages were virtually unchanged…

June 12, 2018 - IMFnews

Retail Channel Gained Share in Some Markets

Mortgage brokers actually gained some share in the government market…

June 11, 2018 - IMFnews

Bank MSR Holdings Decline Again in 1Q18, but Valuations Hit Record High

Banks have been reducing their servicing for others since late 2009…

June 8, 2018 - IMFnews

So Much Home Equity, But Not Much Lending. Reason: Tight Underwriting

Home equity outstanding hit a peak of $13.43 trillion in the first quarter of 2006 then tumbled during the financial crisis...

June 8, 2018 - IMFnews

On the Rise Again: Agency Single-Family MBS Issuance

All three agencies saw gains from April volume with Fannie posting the biggest increase…

June 7, 2018 - IMFnews

Home-Equity Lending Starts the Year on a Flat Note

Bank of America once again ranked first in terms of new HELOC commitments, according to Inside Mortgage Finance…

June 6, 2018 - IMFnews

Lenders Lost Money on Originations in 1Q18; Servicing to the Rescue…

Personnel expenses averaged $5,899 per loan in 1Q18 compared to $5,560 in the fourth quarter, up 5.7 percent…

June 6, 2018 - IMFnews

Ditech Posts $467 Million Profit for 1Q18 – Thanks to BK Filing and Debt Cancellation

Ditech CEO Tom Marano: “I am pleased with the improving performance of our servicing business; however, I am disappointed with the performance of the origination business...”

June 5, 2018 - IMFnews

Despite Production Decline, FTHB Market Expected to Remain Robust

The number of first-time homebuyers has increased 50 percent over four years…

June 5, 2018 - IMFnews

Tepid Increase in Subservicing Contracts During 1Q18

“There could be some sector consolidation down the road,” noted Allen Price, senior vice president in charge of business development for RoundPoint Mortgage…

June 4, 2018 - IMFnews

Mortgage Brokers Gain Ground in Government-Insured Market

Correspondent production remained the biggest source of FHA/VA loans, accounting for 53.5 percent of the survey sample…

June 4, 2018 - IMFnews

HMDA: Purchase Share of Jumbos Increased in 2017

Meanwhile, Guaranteed Rate, Flagstar and HomeBridge Financial more than doubled their jumbo lending in 2017...


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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