Data/Rankings

Browse articles from IMFnews related to Data/Rankings.

February 22, 2018 - IMFnews

Refi Bump Helped Boost Retail Share in Late 2017, Correspondent Suffered

Wells Fargo was the top retail and correspondent lender in 2017 while United Wholesale Mortgage took home the gold in the wholesale/broker category…


February 21, 2018 - IMFnews

Seniors Had Fewer Mortgage-Related Complaints in 2017

Most complaints from seniors over the past two years centered on conventional mortgages…


February 20, 2018 - IMFnews

GSE Credit Box Continues to Loosen, but Not by Much

Borrowers with credit scores below 700 accounted for 22.03 percent of GSE purchase loans last year…


February 16, 2018 - IMFnews

What We’re Hearing: Death, Taxes and the GSEs / Sweet Tax Cows / Not a Peep Out of Pershing Square and Fairholme / The Wrath of Jeb / MSR Market Heats Up / A Huge Profit for Annaly / Citizens Bank Gets a New Mortgage Chief

Suffice to say, Fannie and Freddie are two cash cows that only a crazy person would eliminate, unless that crazy person doesn’t like money…


February 16, 2018 - IMFnews

Revised MI Data Show Lower Government Share in 2017

With $269.01 billion in flow MI business for the year, private MIs recorded a modest 0.6 percent increase from 2016.


February 16, 2018 - IMFnews

Banks Increased MBS Holdings in Late 2017, but Individual Trends Differed

JPMorgan Chase and U.S. Bancorp each took different routes in shrinking their MBS portfolios…


February 15, 2018 - IMFnews

Freddie, Like Fannie, Sees 4Q Results Get Smacked Around Because of Tax Changes, Will Need a $312 Million Check from Treasury

Prior to release of 4Q17 results, the GSEs had an “account balance” of $103.0 billion with Uncle Sam: $291.4 billion of dividends paid to Treasury versus $188.4 billion of assistance received.


February 15, 2018 - IMFnews

Mortgage Insurers Lost Market Share Late in the Year, but Industry Gained Overall in 2017

After surging to an unusually high level of 26.6 percent in 2016, market share for the VA home-loan guaranty program eased to 24.1 percent last year…


February 14, 2018 - IMFnews

New Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit

As National Association of Realtors Vice President Joe Ventrone put it: “It’s an unintended consequence of the tax bill rather than falling into the bailout narrative.”


February 13, 2018 - IMFnews

New GOP Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA Expected to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit

The DTA hit Fannie took and the resulting net loss was fully expected and likely won’t cause an uproar on Capitol Hill. However, one lobbyist quipped: "Ah, the first taxpayer bailout of a large financial institution since the Great Recession."


February 13, 2018 - IMFnews

A Rosy Picture: Strong Performance for Non-QMs in MBS

The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets.


February 12, 2018 - IMFnews

The Correspondent Share of the FHA Market: 48.6 Percent

The correspondent share of the FHA market rose to 48.6 percent last year…


February 12, 2018 - IMFnews

Origination of Non-Agency Jumbos Fell 18 Percent in 2017

Wells Fargo had a more diverse product mix than its nearest rivals…


February 9, 2018 - IMFnews

PennyMac Financial Posts a $123.9 Million Profit in 4Q, Originations Down by 10.0 Percent; Lender Set to Launch New Products

PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channel


February 9, 2018 - IMFnews

Agency MBS Production Down a Modest 6.9 Percent in January. Turbulence Ahead?

January volume was the lowest monthly total since May 2017…


February 8, 2018 - IMFnews

Short Takes: The Top VA IRRRL Lenders / Tax Cuts Coupled with More Government Spending, a Recipe for Disaster? / If Habib’s Interest Rate Prediction Comes True, Watch Out Below / CFPB Wants Feedback on Enforcement Processes / A New Title for Amy Brandt

Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…


February 8, 2018 - IMFnews

Ginnie Mae Lays Down Law on VA Churning, Warns Select Group of Issuers They Face Banishment

Issuers cited by Ginnie Mae are expected to deliver a corrective action plan...


February 8, 2018 - IMFnews

Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending

The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…


February 7, 2018 - IMFnews

Retail Loans Less Risky in Agency Market

Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…


February 6, 2018 - IMFnews

Mortgage Profits at Depositories Tumbled 29 Percent in 2017

Many lenders cited increased competition in a declining market for the weaker results…


February 2, 2018 - IMFnews

GSE Credit-Risk Transfers Slowed Significantly in 4Q17

Fannie and Freddie issued just $2.01 billion of structured credit notes during the fourth quarter, a sharp 44.5 percent drop from the previous period…


February 1, 2018 - IMFnews

Nonbanks Reach Another MSR Milestone: A 43 Percent Market Share Among the Top 50

The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…


January 31, 2018 - IMFnews

PHH CEO Robert Crowl Gets a New Contract, Could Earn $2 Million-Plus This Year

Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record…


January 30, 2018 - IMFnews

Industry Starts to Worry as Yield on the 10-Year Hits Yearly High; Insolvencies? PHH Falls to 52-Week Low

The only firms that are feeling overly bullish are nonprime shops such as Angel Oak and Citadel Servicing…


January 29, 2018 - IMFnews

Mortgage Bankers Have Tough Time Reducing LO Compensation

Industry consultant Joe Garrett: “Commissions to retail loan officers are still just about the biggest expense in the industry.”


January 25, 2018 - IMFnews

Short Takes: You Cannot be a Guarantor and a Lender / Trade Groups on the Same GSE Page / NY Lender Opens New Office in NJ / A Strong Profit for Old Republic / DocMagic Reaches a Milestone

The Community Mortgage Lenders of America is also against the concept of guarantors being lenders or having lending affiliates.


January 25, 2018 - IMFnews

Refinancings Boost GSE Volume in 4Q17

Growth was strongest in the wholesale-broker channel…


January 25, 2018 - IMFnews

LendingTree’s Share Price Stable After Getting Clocked on Wednesday

LendingTree’s price-to-earnings ratio is in nose bleed territory and short-sellers smell blood…


January 25, 2018 - IMFnews

Home Lending Tapered Off in 4Q17, but Full Year Better Than Expected

Residential lenders funded $1.810 trillion of home mortgages in 2017, beating expectations…


January 24, 2018 - IMFnews

GSE Servicing Market Became More Top-Heavy in Fourth Quarter

Chase Home Finance still held second place in the GSE servicing arena, though its portfolio has been shrinking slightly…


January 24, 2018 - IMFnews

A Large 4Q17 Loss for Capital One. Mortgage Charges Part of the Hit

In November of last year, Capital One disclosed it would exit the mortgage business, which it entered eight years ago by purchasing Chevy Chase Bank.


January 23, 2018 - IMFnews

A Delinquency Crisis: Hurricanes Wreak Havoc on FHA Performance. Nearly 30 Percent of FHA PR Loans ‘Past Due’

A staggering 15.8 percent of the island commonwealth’s FHA loans were more than 90 days late as of Dec. 31, and another 13.0 percent were 30-90 days in arrears.


January 23, 2018 - IMFnews

HomeStreet’s Originations Declined in 4Q, but Mortgage Net Income Boosted by Tax Changes

HomeStreet ranks 41st among all residential lenders, according to Inside Mortgage Finance…


January 23, 2018 - IMFnews

An Origination Gain for Flagstar Bancorp, but Company Posts Loss Because of Tax Bill

Flagstar's serviced-for-others portfolio increased to 442,000 loans from 415,000 in 3Q17, but a large chunk of that represents subservicing arrangements.


January 22, 2018 - IMFnews

Redwood’s Net Income Increased as the REIT Boosted ‘Expanded-Credit’ Activity

Redwood said profit margins exceeded its "long-term expectations" of 75 to 100 basis points...


January 22, 2018 - IMFnews

The Money Source Poised for a Production Boom, Wants to Hire 134 LOs

The Money Source wants to hire 134 retail loan officers this year and 60 account executives…


January 22, 2018 - IMFnews

A Boom Year for Mortgage Servicing Transfers, Though 4Q Cooled Somewhat

The bulk market was dominated by New Residential Mortgage…


January 19, 2018 - IMFnews

Most Large Banks Report a Production Decline for 4Q17

The lone bank bucking the trend was U.S. Bank, Minneapolis, which funded $12.5 billion, a 3.3 percent improvement from the prior period.


January 19, 2018 - IMFnews

Non-Mortgage ABS Issuance Hit a Post-Crisis High in 2017

Total non-mortgage ABS production climbed to $211.72 billion in 2017, the market’s strongest year for new issuance since 2007…


January 18, 2018 - IMFnews

The Trend is Clear: Nonbanks Poised to Have a 50 Percent Agency MSR Share

The nonbank share of agency servicing grew by 4.7 percentage points during 2017.


January 17, 2018 - IMFnews

A Slight Production Decline for BofA in 4Q17, but MB Profits Take a Hit

According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.


January 16, 2018 - IMFnews

Ginnie Mae MBS Program Faltered in 2017…

The agency – which still doesn’t have a permanent president – issued $443.2 billion of MBS backed by forward single-family mortgages in 2017, a 10.8 percent decline from the previous year.


January 16, 2018 - IMFnews

Wells Fargo Reports Lower Originations for 4Q17, Lower Mortgage Profits and Branch Closings

Thanks to the new bill signed by President Trump, Wells enjoyed a $3.35 billion after tax benefit. However, the company also recorded a $3.25 billion pre-tax expense tied to “litigation accruals for a variety of matters, including mortgage-related regulatory investigations..."


January 16, 2018 - IMFnews

Residential Production at Chase Fell 9.2 Percent in 4Q17; Servicing Revenue Nicked

Chase continues to grow the volume of residential whole loans kept on its balance sheet: $197.3 billion at yearend compared to $181.2 billion at the end of 2016.


January 12, 2018 - IMFnews

Short Takes: PNC Bank's Mortgage Revenue Declined/KBRA Expects Growth in PLS/Fed Reserve Bank of NY Positive on 2018 Outlook

PNC Bank made a relatively paltry $29 million in noninterest income on its mortgage business in the fourth quarter of 2017.


Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

vote to see results