Data/Rankings

Browse articles from IMFnews related to Data/Rankings.

September 25, 2018 - IMFnews

MBS Trading Sets a New Low for the Year

The trading peak for the year came in February at $239.2 billion.


September 25, 2018 - IMFnews

Third-Party Lenders Account for Out-Sized Share of FHA/VA Market

However, some large commercial banks are willing to remain in the market through correspondent arrangements…


September 24, 2018 - IMFnews

IO Originations Spiked by 25 Percent in 2Q18

Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.


September 21, 2018 - IMFnews

Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack

The central bank could lose its kingpin status if commercial banks continue buying…


September 20, 2018 - IMFnews

Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business

More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…


September 20, 2018 - IMFnews

Tough Times, but Wells Fargo Expects to Gain Lending Market Share

Wells SVP John Shrewsberry: “In first mortgage, I would say, we should outperform whatever the market is delivering…”


September 19, 2018 - IMFnews

A Surge in Jumbo Correspondent Acquisitions

Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…


September 17, 2018 - IMFnews

GSE Purchase Business Up Again, but Refis Rise as Well

The refi surge may be attributable to more cash-out transactions.


September 14, 2018 - IMFnews

REITs Continue to Grow MBS Investments, However…

With agency MBS spreads remaining tight, Annaly has put more emphasis on commercial real estate and whole-loan acquisitions…


September 13, 2018 - IMFnews

Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential

Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…


September 12, 2018 - IMFnews

Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year

Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…


September 12, 2018 - IMFnews

Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017

Through the first eight months of the year, Ginnie issuance was down 11.0 percent...


September 12, 2018 - IMFnews

A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales

Wedbush estimates that originations will fall by 8.0 percent this year…


September 10, 2018 - IMFnews

Mortgage Bankers Add Jobs, Brokers Trim Slightly

Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”


September 10, 2018 - IMFnews

HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead?

Analysts blamed the reduction in volume on the new lower Principal Limit Factors...


September 10, 2018 - IMFnews

Correspondent Channel a Flashpoint in Competitive Jumbo Market

While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.


September 7, 2018 - IMFnews

Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High

August often sets the high-water mark for annual purchase-loan business for the agencies…


September 6, 2018 - IMFnews

First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up…

The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…


September 5, 2018 - IMFnews

Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show

For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…


September 4, 2018 - IMFnews

GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew

Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.


August 30, 2018 - IMFnews

Home Sales Likely to be Flat this Year with an Uptick in 2019

Sam Khater, chief economist at Freddie Mac, said some prospective homebuyers didn’t complete transactions this summer due to a limited supply of homes for sale…


August 30, 2018 - IMFnews

More Lenders View Non-QMs and EC Mortgages as a Viable Option

Angel Oak and Citadel Servicing, two of the larger originators of expanded-credit products, each increased production by more than 30.0 percent from the first to the second quarter.


August 29, 2018 - IMFnews

MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…


August 29, 2018 - IMFnews

Bank ABS Investment Rebounds in 2Q18

In fact, bank ABS investment began to taper off at about the same time the supply of ABS outstanding began to grow again.


August 28, 2018 - IMFnews

Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist

But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...


August 28, 2018 - IMFnews

Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits

Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…


August 28, 2018 - IMFnews

Expanded-Credit Lending Gains, but Not as Much as Overall Market

The top-five EC lenders are: Redwood, U.S. Bank, Angel Oak, Citi and Citadel Servicing…


August 27, 2018 - IMFnews

Fear and Loathing in MBS-Land: Trading Volume Hits Low for the Year; New Product Creation Hardly Robust

Then again, it’s not the first half that market watchers are worried about – it’s the remainder of the year.


August 27, 2018 - IMFnews

FHA Forward Production Increases, but HECM Originations Slide

HECM originations plunged 40.9 percent in the second quarter as tighter reverse-mortgage regulations limited the product’s appeal to borrowers…


August 24, 2018 - IMFnews

GSE Mortgage Portfolios Continued to Shrink in Second Quarter, Emphasis on Loss Mit and New Issuance

Both government-sponsored enterprises are comfortably within the maximum $250.0 billion mortgage portfolios they are permitted to have under the terms of their conservatorship.


August 22, 2018 - IMFnews

California Remains a Rich Market for Loan Officers

Overall, California has 99,781 licensed and registered mortgage LOs, far more than any other state…


August 22, 2018 - IMFnews

Subservicing Growth Continues to Slow. M&A Ahead?

Cenlar and Dovenmuehle, which rank first and second, respectively, experienced slow growth during the period…


August 21, 2018 - IMFnews

Declining Refis Take a Bite Out of Fannie/Freddie Business

Most of the month-to-month slump was at Freddie, where MBS production fell 8.9 percent from June.


August 20, 2018 - IMFnews

GSE Sellers Continued to Stretch the Credit Box (Incrementally) in 2Q18

A year ago, just 12.1 percent of new purchase loans fell into the highest-risk category…


August 17, 2018 - IMFnews

What We’re Hearing: Two Giants May Change Hands (Or Maybe Not) / Job Cuts at Ditech / Can HL Sell Ditech Fast Enough? / Tom Marano’s Experience with Troubled Shops / CALCAP Bullish on Fix-and-Flip / A Confidential GSE File On…

It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…


August 17, 2018 - IMFnews

Mortgage Delinquency Rates Down Sharply in 2Q18

Meanwhile, the Mortgage Bankers Association this week reported a substantial decline in its seasonally adjusted mortgage delinquency data series.


August 17, 2018 - IMFnews

Banks and Thrifts Retreat Slightly from MBS Market in 2Q18

Banks still favor Fannie Mae and Freddie Mac pass-through securities, but…


August 16, 2018 - IMFnews

Short Takes: The BRAWL Continues / Don’t Worry About the Broker / An Old Complaint / Broker Market Share / Who Caused the Mortgage Crisis? / Brian Brooks, a Candidate for the Fannie CEO Job? (Probably Not)

But we will remind readers that wholesalers refinancing clients (via a retail arm) originally brought to them by a broker is a decades-old complaint…


August 16, 2018 - IMFnews

Jumbo Originations Up Sharply in 2Q18

Wells Fargo, JPMorgan Chase and Bank of America were the top producers of jumbo loans in the second quarter…


August 14, 2018 - IMFnews

Expanded-Credit Mortgage Securitization Falters Ever So Slightly in 2Q18

The biggest increase has been in the new breed of Alt A securities…


Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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