Data

Spec-Pool Share Rises in 3Q, Shift to Empire State

jbancroft@imfpubs.com — Thu, 23 Oct 2025 16:40:59 -0400

Issuance of specified-pool MBS in the third quarter was up 21.5% at Freddie Mac. The biggest increase was in pools of loans on New York properties.

Non-Agency Jumbo Lending Increases in Fourth Quarter

jdohnert@imfpubs.com — Fri, 07 Mar 2025 14:23:31 -0500

Jumbo originations increased by more than double digits from the third to the fourth quarter of 2024. On an annual basis, the jumbo share of total originations held steady. (Includes data table.)

Investors Increasingly Drawn to GSE ‘Social’ Spec Pools

jbancroft@imfpubs.com — Thu, 06 Mar 2025 16:06:03 -0500

Fannie/Freddie MBS pools with maximum credit scores of 700 or less were the most sought-after “story” in 2024, with issuance jumping 64% from the previous year. (Includes data table.)

GSE Mortgage Holdings Continue to Grow

dhollier@imfpubs.com — Thu, 20 Feb 2025 16:57:47 -0500

But Fannie Mae and Freddie Mac pursued different strategies in their retained mortgage portfolios. (Includes data table.)

The Final Tally: Freddie Tops Fannie in Residential Loan Purchases

dhollier@imfpubs.com — Mon, 06 Jan 2025 12:04:00 -0500

For the first time in 33 years, Freddie out bought its crosstown rival...

DTI Ratios a Leading Cause of Mortgage Denials in 2023

sclark@imfpubs.com — Mon, 03 Jun 2024 16:05:06 -0400

High debt-to-income ratio remained the largest denial reason for purchase-mortgage applications in 2023, while credit history issues moved into the top spot for denials of refinances.

REITs Report Small Decline in MBS, Shift to Non-Agency

jbancroft@imfpubs.com — Thu, 30 May 2024 17:11:12 -0400

Most REITs reported declines in the fair value of their agency MBS during the first quarter of 2024. Non-agency MBS holdings were up, as were net TBA positions. (Includes two data tables.)

VA Volume Rises in 1Q24; FHA Endorsements Drop

mhogan@imfpubs.com — Fri, 24 May 2024 12:21:03 -0400

FHA’s share of the government-insured market declined to 60.8% in the first quarter of 2024, while VA production improved from the fourth quarter led by IRRRLs. (Includes three data tables.)

Denial Rates on FHA Loans Outpace VA Denials in 2023

mhogan@imfpubs.com — Fri, 24 May 2024 12:17:07 -0400

FHA first-lien, single-family home loan applications were turned down more often than VA home loan applications, according to an analysis of HMDA data. (Includes data table.)

Jumbo Mortgage Servicing Portfolios Flat in 1Q

jdohnert@imfpubs.com — Fri, 24 May 2024 10:56:19 -0400

Despite slight declines in portfolios among the top jumbo servicers, servicing volume for the jumbo market stayed relatively flat from the fourth to the first quarter. (Includes data table.)

Denial Rates on FHA Purchase Mortgages Decline in 2023

sclark@imfpubs.com — Mon, 20 May 2024 14:30:17 -0400

According to a new analysis of HMDA data, refi denial rates spiked in 2023 while denials on purchase mortgages held steady. (Includes data table.)

1Q Primary MI Increase Led by Refinances

jbancroft@imfpubs.com — Fri, 10 May 2024 11:59:00 -0400

Activity in the refinance sector lead to a slight push in originations for home loans with primary MI.

Banks/Thrifts Add to Mortgage Portfolios in Third Quarter

jdohnert@imfpubs.com — Fri, 15 Dec 2023 15:37:39 -0500

First-lien mortgage portfolio holdings at banks and thrifts increased by 0.8% from June to September. (Includes data table.)

M&A Shuffles First-Lien Holdings Ranking

jdohnert@imfpubs.com — Fri, 22 Sep 2023 15:20:19 -0400

Helped by its acquisition of First Republic Bank, JPMorgan Chase overtook Wells Fargo to have the largest first-lien portfolio among banks and thrifts in the second quarter. (Includes data chart.)

Jumbo Production Increases in Second Quarter

jdohnert@imfpubs.com — Fri, 25 Aug 2023 09:35:59 -0400

Originations of non-agency jumbo mortgages increased by 35% from the first to the second quarter. JPMorgan Chase’s acquisition of First Republic Bank bolstered Chase’s jumbo lending efforts. (Includes data chart.)

Non-Agency MBS Issuance Tumbles in Second Quarter

jdohnert@imfpubs.com — Fri, 14 Jul 2023 14:08:00 -0400

Non-agency MBS issuance backslid in the second quarter of 2023 after a brief surge to kick off the year. (Includes two data charts.)

ARM Originations Drop in First Quarter

jdohnert@imfpubs.com — Fri, 30 Jun 2023 14:07:00 -0400

Struggling alongside a slow purchase market, originations of adjustable-rate mortgages fell in the first quarter of the year. (Includes data chart.)

Denial Rates for Non-Agency Jumbos Hold Steady in 2022

jdohnert@imfpubs.com — Fri, 30 Jun 2023 14:04:00 -0400

As jumbo originations stagnated in 2022, jumbo loan application denial rates didn’t change very much. (Includes data chart.)

Jumbo Servicing Portfolios Continue to Grow in 1Q

jdohnert@imfpubs.com — Fri, 02 Jun 2023 15:28:59 -0400

Since the first quarter of 2022, the top 30 servicers of non-agency jumbo mortgages have grown their jumbo portfolios by 11.8%. (Includes data chart.)

Noncore Portion of GSE Business Low in First Quarter

jdohnert@imfpubs.com — Fri, 21 Apr 2023 16:12:30 -0400

Conforming jumbos, cash-out refinances and mortgages for investment properties and second homes are becoming less prevalent in deliveries to the government-sponsored enterprises. (Includes data chart.)

November MBS Gloom: Ginnie Outdoes the GSEs Yet Again

jbancroft@imfpubs.com — Fri, 09 Dec 2022 12:48:00 -0500

Purchase-money mortgages accounted for 79.3% of November issuance...

Expanded-Credit Loans Drive Increase in Non-Agency Activity

bivey@imfpubs.com — Tue, 14 Jan 2020 11:05:00 -0500

Fun fact: Expanded-credit MBS accounted for 66.6% of non-agency issuance in 2019, compared with 43.7% in the previous year.

The Top 50 Servicers: 25 are Banks and 25 are Nonbanks

jbancroft@imfpubs.com — Thu, 31 Oct 2019 11:10:25 -0400

The combined portfolio of the top five servicers actually declined slightly during the third quarter. Megabanks Wells Fargo, Chase and Bank of America shed a combined $26.8 billion during the third quarter, with $20.0 billion of that taking place at Wells. Mr. Cooper Group, the largest nonbank servicer, reported a slight $2.5 billion drop, although its subservicing portfolio grew 2.8% to $310.5 billion.

GSE Repurchase Demands Focused on 2018-19 Business

jbancroft@imfpubs.com — Fri, 20 Sep 2019 15:30:00 -0400

Seller repurchases of Fannie/Freddie loans rose 17% from the first to the second quarter, with 82% of them related to loans securitized in 2018 and 2019.

Gains in Production Income Offset 2Q Drop in Servicing

jbancroft@imfpubs.com — Fri, 20 Sep 2019 11:18:00 -0400

Data from the MBA performance study suggest that improved efficiency and strong originations were key to increased production income.

DBRS Leads in Rating MBS, S&P Tops in ABS Market

jbancroft@imfpubs.com — Thu, 19 Sep 2019 17:20:00 -0400

DBRS and Fitch were the top rating services in non-agency MBS mostly because they cover a lot of scratch-and-dent transactions. S&P excels in nonprime, Moody's in jumbo.

Subprime Servicing Portfolios on the Wane. Citadel Bucks the Trend

Tue, 17 Sep 2019 10:23:25 -0400

Ocwen Financial remains the largest subprime servicer in the nation with a portfolio north of $62 billion…

Third-Party Production Growing in FHA/VA

Fri, 01 Feb 2019 00:00:00 -0500

The FHA/VA market continued to lean more heavily on third-party loan producers in 2018, according to a new Inside FHA/VA Lending analysis of Ginnie Mae mortgage-backed securities data. [Includes four data charts.]

Nonbanks Dominate in Bulk MSR Sales

pmuolo@imfpubs.com — Fri, 01 Feb 2019 00:00:00 -0500

Nonbanks were the top buyers and sellers of bulk mortgage servicing portfolios last year, according to a tally from affiliate publication Inside Mortgage Trends. [Includes one data chart.]

House Republican’s Proposed Bill to Create a Post-GSE MBS Market Watched Warily as Industry Wants Details

Thu, 03 Nov 2011 00:00:00 -0400

Industry observers are warily eying the potential impact of a bill unveiled last week by a senior House Republican that aims to encourage private capital into the residential mortgage secondary market without the need for Fannie Mae or Freddie Mac. The Private Mortgage Market Investment Act, drafted by Rep. Scott Garrett, R-NJ, would create a heavily regulated mortgage-backed securities market made up solely of private entities that would function with no federal guarantee at all. Garrett, who chairs the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, said his proposal will...