GSE Seller Profile: 1Q14 Print edition with Shipping Outside of U.S.
The lion’s share of mortgage originations continue to find their way into Fannie Mae and Freddie Mac securities, making sales to the GSEs a good indicator of what is happening in the mortgage market as a whole.
In its quarterly report GSE Seller Profile, Inside Mortgage Finance examines GSE sales lender by lender—for every lender that made a sale to a GSE during the three-month period. You’ll have detailed information on where the loans are coming from—retail, correspondent or broker. You’ll have particulars on the loan demographics—FICO score, loan-to-value, debt-to-income and loan size averages. You’ll also see how the sales break down by product type—refinance or purchase. Dig deeper into the channel-specific data to get even more narrowly focused information on loan demographics and product type.
The particulars allow you to compare and contrast your results, as well as your products and processes, with the rest of the market to root out refinements and new approaches that will improve your own results.
The current report looks at the 1,853 sellers to the GSEs in the first quarter of 2014 and reports on their activity. You’ll find:
Ranking of the 1,853 sellers by volume with detail on their market share, volume by channel, volume by loan purpose and average loan characteristics.
An alphabetical listing with rank, total volume and market share and detail on each seller’s volume by channel, volume by loan purpose and average loan characteristics.
Separate rankings of GSE sellers by channel with channel volume and market share. These rankings provide separate detail on average credit score, DTI, LTV and loan size for refinance and purchase loans.
Average coupon for the Top 100 sellers for each month in the quarter. You’ll find coupon rate for all loans as well as for each purpose and each channel.
The data in the GSE Seller Profile are derived by IMF’s research team from Fannie Mae and Freddie Mac loan-level mortgage securities disclosures.
Find out who’s doing what to score more business. For example:
Whose production relies heavily on correspondent lending;
Where the high FICO scores are;
Where the business is getting done—where opportunities lie;
What’s the average size of the loans your competitors are making;
By lender, what are the average FICO, DTI, LTV, size, refi share, and channel breakdown;
Analyze production strategies for competitive advantage and partnering potential.