Mortgage Profitability Report 1Q16 Print Edition, with US shipping, 1Q16 edition
Mortgage banking profits tumbled in 1Q16, dropping 27 percent from 4Q and hitting their lowest levels in five years. Yet fewer than three dozen firms—of more than 1,100 reporting on call reports—had a negative earnings quarter. JPMorgan Chase, SunTrust, Goldwater Bank, Fremont Bank and Capital One were among those whose first quarter was a huge improvement over the preceding period. Flagstar, BB&T, Citi and Crockett National Bank all took big turns the wrong way and ended up in negative territory.
Production profits dropped, but not as much as originations did. And servicing took a hit, mostly because hedging efforts didn’t keep up with servicing rights writedowns.
Learn more about the financial twists and turns at mortgage companies with Inside Mortgage Finance’s Mortgage Profitability Report. Issued quarterly, this report digs into the financial performance for hundreds of lenders, so you know what’s contributing—or detracting—from their bottom lines.
The report includes exhaustive lender-by-lender rankings of the latest mortgage-banking earnings and sales activity figures as well as orderings showing the current state of lenders’ repurchases and mortgage servicing rights assets. In addition to the micro detail by lender, the report provides marketwide analysis of these important performance measures and additional profitability information on the industry’s biggest players.
Use the Mortgage Profitability Report to get a firm handle on how well your own efforts are faring compared to the competition and the industry as a whole. You’ll also have the information you need to see where the market is going so you can get there with, or before, it.
You’ll have in-depth numbers on
- Bank Mortgage-Banking Earnings
Net income results for all institutions (784 institutions in 1Q16) and the market.
- Mortgage Earnings Snapshot
Quarterly earnings for a selection of institutions based on earnings reports.
- Mortgage Profitability: Production vs. Servicing
Comparison of production and servicing income for top firms.
- Bank Mortgage Sales Activity
Mortgage sales results for the banking operations of all lenders (821 lenders) and the market.
- Bank/Thrift Mortgage Repurchase/Indemnification Activity
Ranking of institutions (138 institutions) by repurchase volume
- Bank Mortgage Servicing Rights Assets
Unpaid principal balance of servicing for others and fair market value of MSRs for all institutions (1,552 institutions).
Choose "PDF Format" for immediate download of document. You will also be able to access the document, at any time, through the "My Account" feature on insidemortgagefinance.com.