Data/Rankings

Browse articles from IMFnews related to Data/Rankings.

May 25, 2018 - IMFnews

Bank Holdings of ABS Increase Slightly in First Quarter

jbancroft@imfpubs.com Commercial banks and savings institutions held $113.75 billion of non-mortgage asset-backed securities in portfolio at the end of March, a scant 0.1 percent increase from the previous quarter, according to a new ranking and analysis by Inside MBS & ABS. The biggest factor in the small uptick was the significant growth in the two largest ABS portfolios in the industry: TD Bank and Charles Schwab Bank. Combined, the firms accounted for nearly half of the industry’s…


May 24, 2018 - IMFnews

Correspondent Channel Gains Market Share as Originations Decline

The correspondent channel accounted for 32.9 percent of total first-lien originations, up from a 32.4 percent share the previous quarter.


May 22, 2018 - IMFnews

FVA, VA Lending Down in First Quarter with Some Variations in Refi Business

Most of the decline in FHA business was in purchase-mortgage lending while VA business took a hit due to reductions in the Interest Rate Reduction Refinance Loan program.


May 16, 2018 - IMFnews

Mortgage Performance Improves in First Quarter; But FHA/VA Delinquencies Increase on an Annual Basis

The higher delinquency rates on FHA/VA loans are likely tied to hurricanes that struck select markets last fall.


May 16, 2018 - IMFnews

Provident and Stearns Lending Lost Money in 2017: Moody’s

Moody’s detailed profitability levels for four large private nonbanks: Freedom Mortgage, Provident Funding Associates, Quicken Loans and Stearns Lending.


May 15, 2018 - IMFnews

As Originations Slow, Warehouse Providers Face Tight Profit Margins, Riskier Credits

According to a tally by Inside Mortgage Finance, few warehouse providers bucked the trend of falling commitments.


May 14, 2018 - IMFnews

GSE Credit Window for Purchase Loans Opened Slightly in 1Q18

In the first quarter, 12.61 percent of purchase loans sold to the GSEs fell into the highest risk category…


May 11, 2018 - IMFnews

What Ails the Mortgage Market? For Starters, a Lack of Homes to Buy…

Flagstar says the problem is exacerbated by a lack of inventory in certain geographic markets…


May 11, 2018 - IMFnews

REITs Pull Back from MBS Investments Ever So Slightly

It’s not clear if the REIT sector will amp up its participation in credit-risk transfer deals offered by Fannie Mae and Freddie Mac…


May 10, 2018 - IMFnews

Private MIs Lost Market Share in Early 2018 but Insurance in Force Topped $1 Trillion

Arch maintained its large market share lead in insurance-in-force, while Radian ranked first in terms of new insurance written…


May 9, 2018 - IMFnews

Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count

It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...


May 9, 2018 - IMFnews

Another Quarter and More Red Ink for PHH Corp.

PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."


May 9, 2018 - IMFnews

Retail, Mortgage Brokers Dominate in Expanded-Credit Lending

MBS from Angel Oak Companies had the highest share of broker originations…


May 8, 2018 - IMFnews

Risk Factors Creep Higher in FHA and VA Loans During Early 2018

The average credit score for FHA loans in Ginnie MBS issued during the first quarter was 671.1, the lowest level since the agency began reporting loan-level data…


May 8, 2018 - IMFnews

Origination Profit Margins Stay Ugly. Is Relief on the Way?

One consultant said he’s conducted 14 warehouse reviews on lenders this year with 11 of them turning a profit and three losing money.


May 7, 2018 - IMFnews

Jumbo Production Declines in 1Q18, but Optimism for the Spring

“Los Angeles, San Francisco and Boston continue to be quite supply-constrained,” said First Republic CEO James Herbert.


May 4, 2018 - IMFnews

PennyMac’s Net Income Declines as Nonbank Cites Intense Competition for Originations

PennyMac entered the broker channel in January and took in $7 million worth of product during the first quarter…


May 4, 2018 - IMFnews

Finally, Agency MBS Issuance Heads North After a Weak 1Q18

Freddie Mac had the biggest monthly increase at 22.9 percent…


May 3, 2018 - IMFnews

Chimera More than Doubles Profit with Focus on Seasoned Loans, Sees Promise in Jumbos

Chimera CIO Mohit Marria: “The thirst for yield from the investor base remains strong.”


May 3, 2018 - IMFnews

Fannie Mae Has a Blowout 1Q18, Will Make a $938M Dividend Payment to Treasury

Come June, Fannie Mae will cut a new dividend check to Uncle Sam...


May 3, 2018 - IMFnews

Nonbanks Continue Their Gains in the Servicing Market; Top Tier Loses Ground

Compared to March 2017, the combined nonbank servicing business was up 14.7 percent, while banks in the top 50 saw a 2.4 percent decline from a year ago.


May 2, 2018 - IMFnews

Impac’s Two $6M Men Got Their Pay Slashed in 2017

Impac has yet to disclose when it might release first quarter results.


May 2, 2018 - IMFnews

Net Income of $8.3M for Great Ajax, REIT Looks to Acquire More RPLs

Great Ajax’s forte is buying re-performing mortgages…


May 1, 2018 - IMFnews

Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

Even though the GSE posted a strong profit, it saw MBS issuance fall 37.2 percent in the first quarter...


May 1, 2018 - IMFnews

Consumer Mortgage Complaints Take a Dive

Total gripes filed during 1Q18 were down 36.3 percent from a year ago…


May 1, 2018 - IMFnews

The Nonbank Share of GSE Servicing Now Stands at 37.5 Percent – and Growing

Matrix Financial Services is another nonbank rapidly climbing the GSE servicing ranks…


April 30, 2018 - IMFnews

1Q18 Roundup: Megabanks Suffered Mega Declines in Lending

In an unusual development for a top mortgage lender, BofA announced that it would no longer report any information about its mortgage banking operations.


April 30, 2018 - IMFnews

Agency Servicing Transfers Slowed in Early 2018

In 1Q18, the top three coissuance sellers of servicing rights were Fairway Independent Mortgage, Finance of America, and Movement Mortgage.


April 27, 2018 - IMFnews

What We’re Hearing: GSE Reform? How About 2021? / The Return of Ed DeMarco? / No Political ‘Protection’ for Fannie and Freddie / RMS Scores a Repo Line from Barclays / Bucking the Production Trend: Home Point / New Hires for Plaza Home

Mel Watt has roughly eight more months in office, but already industry lobbyists and GSE watchers are playing “guess who the next FHFA director might be.”


April 27, 2018 - IMFnews

MSR-Investing REIT New Residential Has a Blowout 1Q18: A Profit of $614.3 Million

New Residential said during and subsequent to the first quarter, it entered into agreements to buy $38.0 billion of mortgage servicing rights...


April 26, 2018 - IMFnews

Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale

Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...


April 26, 2018 - IMFnews

Mortgage Origination Volume Tanked in 1Q18, Hitting the Lowest Level Since 4Q14

Production numbers were down sharply in nearly every category.


April 25, 2018 - IMFnews

Short Takes: Another Milestone for Angel Oak / Going After Bayview? / Mortgage Layoffs at HomeStreet / Genworth Unveils Rate Card Reductions / A Promotion at PRMI

HomeStreet Bank, Seattle, revealed in its earnings statement this week that it chopped 86 full-time positions.


April 25, 2018 - IMFnews

PHH’s CEOs Took Home (Combined) $5.26 Million in Compensation Last Year

Crowl’s base pay for 2017 totaled $554,808 while Messina’s came to $485,962.


April 25, 2018 - IMFnews

VA Servicing Continues to Grow at a Nice Clip

Don’t look now, but Ginnie Mae MBS outstanding is approaching the $2 trillion mark…


April 24, 2018 - IMFnews

Originations Fall 19 Percent at Flagstar; Bank Keeps Selling MSRs

Flagstar sold $12 billion of mortgage servicing rights as well…


April 24, 2018 - IMFnews

The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent

According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017...


April 24, 2018 - IMFnews

Stars May be Aligned for Strong Profits at Fannie and Freddie

Both GSEs likely will be “winners” when it comes to hedging their derivative positions simply because interest rates were higher at March 31 compared to yearend.


April 23, 2018 - IMFnews

PennyMac Executive Chairman Stan Kurland Took Home $9.5M in 2017

Last year, PennyMac, a publicly traded real estate investment trust, earned $102.5 million in 2017, a 35 percent improvement from the year before.


April 23, 2018 - IMFnews

Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors

Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…


April 20, 2018 - IMFnews

Verus Aims to be a Significant Player in Nonprime (Non-QM)

Verus counts among its competitors Angel Oak, Caliber Home Loans, Citadel Servicing, Deephaven Mortgage and SG Capital Partners.


April 20, 2018 - IMFnews

It May be a Trying Time for Mortgages, but ABS Issuance Roars Out of the Starting Gate in Early 2018

It was the best showing for ABS since the second quarter of 2008…


April 19, 2018 - IMFnews

Nonbanks Continue to Gobble Up More of the Agency Servicing Market

Nonbank servicing of agency MBS has nearly doubled since March 2014…


April 18, 2018 - IMFnews

MBA: Lower Lending Profits, and Fewer Firms Making Money

An ominous sign: 80 percent of mortgage companies surveyed earned a pre-tax financial profit for the year, compared to 94 percent tin 2016.


April 18, 2018 - IMFnews

Complaints Filed with the CFPB Surged in 1Q18

Acting CFPB Director Mick Mulvaney is considering removing the CFPB complaint database from public view…


April 18, 2018 - IMFnews

Strong 1Q Earnings for MGIC, but NIW Declines; Freddie’s IMAGIN Pilot Gets a Mention…

In 1Q18, MGIC wrote $10.6 billion of new MI policies compared to $12.8 billion in 4Q17 and $9.3 billion in the first quarter of last year.


April 17, 2018 - IMFnews

Prime Non-Agency MBS Issuers Getting More Creative…

Due diligence reviews can be costly, especially when the mortgages being produced are pristine.


April 17, 2018 - IMFnews

Ditech Finally Releases 4Q17 Results – A Loss and a Warning About 2018

Ditech added that under new leadership, the lender/servicer “continues to develop and execute various strategies to improve” its performance.


April 16, 2018 - IMFnews

A Steep 1Q18 Decline in Residential Production for BofA

BofA also produced $3.75 billion of home equity loans in the first quarter...


April 13, 2018 - IMFnews

A 19 Percent Drop in Residential Lending at Wells Fargo; Megabank Says Regulators Want $1B to Settle Auto and Mortgage RLC Charges

Wells said the CFPB and OCC have asked the megabank for a $1 billion settlement in the matter.


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