Browse articles from IMFnews related to Data/Rankings.

November 21, 2017 - IMFnews

Publicly Traded Nonbanks Post Earnings Gain for 3Q17 – Thanks to PennyMac

Excluding PennyMac, the eight remaining nonbanks had a combined $41.21 million net loss on mortgage banking activity…

November 20, 2017 - IMFnews

Short Takes: Still Hiring: Nonprime Lenders / Wiped Clean; Franklin Codel’s LinkedIn Profile / HUD Gives $5B in Hurricane Aid to Texas / Freedom Mortgage Shines / A Rare MBS from AMIPM

Franklin Codel's LinkedIn profile had been wiped clean...

November 20, 2017 - IMFnews

GSE Sellers Take Baby Steps on Risk – but at a Glacial Pace

This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...

November 20, 2017 - IMFnews

A Strong October for Freddie, GSE Takes Market Share from Fannie

Freddie officials stated that the GSE continued to incur market-adjusted pricing costs in the form of lower MBS guarantee fees.

November 17, 2017 - IMFnews

Mortgage REITs Boost Residential MBS Holdings in 3Q17

MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…

November 16, 2017 - IMFnews

Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth

Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...

November 16, 2017 - IMFnews

Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17

Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...

November 14, 2017 - IMFnews

HMDA Analysis: Higher-Priced Lending Spikes

Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…

November 14, 2017 - IMFnews

Correspondent Share of FHA Loans Nears the 49 Percent Mark

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

November 10, 2017 - IMFnews

The Red Ink Kept Flowing at Walter in 3Q17; Revenues Down 15 Percent

Walter CEO Tony Renzi: “Our operating performance is improving in many areas, and we are continuing our financial restructuring efforts…"

November 10, 2017 - IMFnews

Surprise: CMBS Has its Best Issuance Quarter Since 2Q08

Fannie, Freddie and Ginnie continued to dominate multifamily activity…

November 9, 2017 - IMFnews

Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…

November 9, 2017 - IMFnews

Private MIs Gained Ground in 3Q17, but VA Shined the Most

Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…

November 8, 2017 - IMFnews

Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope

Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…

November 8, 2017 - IMFnews

New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches

Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…

November 7, 2017 - IMFnews

As Industry Plans for Next Year, Layoffs Commence. CEO Changes Ahead?

Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…

November 7, 2017 - IMFnews

Retail Still the Largest Source of Agency Loans

Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.

November 7, 2017 - IMFnews

Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime'

Redwood Trust plans to issue expanded-prime MBS on a regular basis…

November 6, 2017 - IMFnews

Mortgage Banking Profits Declined Slightly for Banks in 3Q17

Meanwhile, the indicators point to a drop in production volume for the fourth quarter…

November 3, 2017 - IMFnews

A New Fed Chairman is Picked but that Might be the Only Major Change at the Central Bank

“There was no drama surrounding this meeting of the FOMC,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association.

November 3, 2017 - IMFnews

A Spike in Freddie MBS Issuance Helped Steady Volumes for October

But while Fannie production slumped 11.5 percent, Freddie saw a robust 23.9 percent jump in new issuance in October…

November 2, 2017 - IMFnews

Nationstar Reports a $7 Million Profit for 3Q17. Smaller MSR Markdowns

Nationstar originated $4.25 billion of new home mortgages in 3Q17…

November 2, 2017 - IMFnews

Ocwen Takes $6.1 Million Loss in Third Quarter but Results Could Have Been Worse

The loss would have been worse if not for a one-time tax benefit of $23.2 million…

November 2, 2017 - IMFnews

Fannie Mae Reports Strong Earnings for 3Q17; Hurricanes Hurt but RBS Settlement Helped

Through the first nine months of the year, Fannie has posted impressive net earnings of $9.02 billion.

November 2, 2017 - IMFnews

Minor Retreat for Top Tier Mortgage Servicers in 3Q17, Nonbanks Continue March Forward

The only top-five servicer to report an increase in volume was Nationstar Mortgage...

November 1, 2017 - IMFnews

Fannie Mae Reports Strong Earnings for 3Q17, but $1B in Hurricane-Related Charges; Large Exposure to ‘Maria’

Fannie Mae CEO Timothy Mayopoulos added: “Damage from the storms will be with us for a long time.”

November 1, 2017 - IMFnews

Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns

Look for another reverse mortgage lender to hit the auction block...

November 1, 2017 - IMFnews

Mortgage Applications Decline Again

The trade group also found that refinancings are declining as well: down to 48.7 percent of all new applications from 49.5 percent for the week ending Oct. 20.

November 1, 2017 - IMFnews

Little Change in MBS Characteristics in 3Q17

Flagstar Bank was the top originator of loans that fed prime non-agency MBS in the third quarter…

October 31, 2017 - IMFnews

Thanks (In Part) to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax)

Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."

October 30, 2017 - IMFnews

Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges

In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.

October 30, 2017 - IMFnews

FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.

October 30, 2017 - IMFnews

New Fannie Mae Survey: Humans, Not Robots Preferred

Also, lender websites don’t seem to sway consumer choices very much…

October 30, 2017 - IMFnews

Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent

In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.

October 27, 2017 - IMFnews

Fannie, Freddie Credit-Risk Transfer Deals Slowed in Third Quarter

CRT deals may be popular with legislators since they “de-risk” Fannie and Freddie, but over the long haul the transactions reduce profits for the GSEs, or so critics have charged…

October 27, 2017 - IMFnews

An Earnings Decline for MSR-Hungry New Residential; Servicing Portfolio Drops as Well

During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.

October 26, 2017 - IMFnews

Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…

October 25, 2017 - IMFnews

Mortgage Complaints Filed with the CFPB Fell Yet Again

Mortgage servicing-related gripes fell 26.3 percent in the third quarter…

October 24, 2017 - IMFnews

Short Takes: ‘Zero Capital’ Gets Zero Mention by FHFA Director Watt / Fannie CEO None-Too-Thrilled with ‘Colonial Style’ / Flagstar Cites Sweet Profits from Homebuilder Finance / No Housing Bubble, Says Arch / Capstead Gets a New CFO

Homebuilder finance is booming at Flagstar Bancorp...

October 24, 2017 - IMFnews

Flagstar Increased Residential Production by 4.5 Percent in 3Q17

Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...

October 24, 2017 - IMFnews

Large Banks Show Tepid Interest in GSE Servicing Market

The megabanks shed a combined $48.75 billion of GSE servicing during the third quarter…

October 23, 2017 - IMFnews

Big Banks Report Decent Production Figures for Third Quarter

For the nonbanks, the bellwethers to watch will be Quicken Loans, Freedom, loanDepot and United Wholesale…

October 23, 2017 - IMFnews

Agency Servicing Transfers Caught Fire in 3Q17, Reshaping MSR Market

In the third quarter, Movement Mortgage was the top seller of MSR assets via the coissuance market…

October 20, 2017 - IMFnews

Agency MBS Trading Had Strong Month in September

For traders, the good news is that MBS issuance increased to $357.2 billion in the third quarter, the strongest performance of the year...

October 20, 2017 - IMFnews

Non-Mortgage ABS Issuance Tumbled in 3Q17, But…

Bank of America Merrill Lynch and Guggenheim Securities were the top underwriters of business ABS at the three-quarter mark of 2017…

October 19, 2017 - IMFnews

Stearns Reorganizes a Bit, Cuts 159 Jobs in California, but Plans to Rehire in Texas; Seeks LOs

“We continue to be bullish on the business,” said Stearns CEO David Schneider.

October 19, 2017 - IMFnews

Agency Servicing Continued to Grow in 3Q17, Megabanks Show Little Interest

The four megabanks reduced their agency mortgage servicing rights by $59.6 billion during the third quarter…

October 18, 2017 - IMFnews

U.S. Bancorp Grows Residential Production by Almost 10 Percent

Compared to the same period a year ago, residential loan production declined by 19.6 percent...

October 18, 2017 - IMFnews

Redwood Aims for Jumbos Outside of Banks’ Focus

Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…

October 17, 2017 - IMFnews

Ranked No. 442 as an Originator, Fintech Firm Corrals $457 Million in Financial Commitments

Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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