Market Data

Browse articles from all of our Newsletters related to Market Data.

December 12, 2018 - IMFnews

Cost-Benefit Analysis Likely Focus of New CFPB Leadership

The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500.

December 11, 2018 - IMFnews

Retail Lost Share in Major Product Groups

However, retail remains king of the jumbo sector…

December 11, 2018 - IMFnews

Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’

Gordon Albrecht of FCI said he’s not surprised the subservicing sector is doing well “because of all the states that keep adding regulations.”

December 10, 2018 - IMFnews

Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider

The warehouse lending sector has experienced a noticeable decline in profit margins…

December 10, 2018 - IMFnews

Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…

December 7, 2018 - IMFnews

What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home Point Goes All-TPO / The Midwest Mortgage Mecca

If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...

December 7, 2018 - IMFnews

Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

Agency production last month was buoyed by an increase in securitization of refinance loans…

December 6, 2018 - IMFnews

Purchase-Loan Market Began Softening in 3Q but Experts Anticipate a Rebound

Purchase loans accounted for over 80.0 percent of third-quarter production at Wells Fargo, PennyMac Financial, Caliber Home Loans, U.S. Bank and Amerihome…

December 5, 2018 - IMFnews

Jumbo Servicing Portfolios Largely Increasing

Shellpoint Mortgage Servicing had the highest sequential growth rate among jumbo servicers…

December 4, 2018 - IMFnews

Warehouse Commitments Shrink as Nonbanks Struggle with Originations

Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.

November 30, 2018 - IMFnews

Seasonality and Higher Rates Spell Layoffs for Many

Mortgage recruiter Rick Glass: "Expenses are simply out of alignment. Many shops are telling me they have no more room."

November 30, 2018 - IMFnews

Bank ABS Holdings Slide Lower in 3Q18

Bank investment in ABS backed by commercial and industrial loans grew by 30.6 percent from the midway point in the year.

November 30, 2018 - IMFnews

Retail Channel Posted Highest FICO Scores in 3Q18

However, average debt-to-income ratios were all over the map…

November 29, 2018 - IMFnews

MBA: Origination Profits Down 48.3 Percent from a Year Ago

Lenders and their warehouse providers have been openly worrying about thinning profit margins for several quarters now with liquidity a primary concern.

November 29, 2018 - IMFnews

Agency Share of Jumbo Mortgage Lending Increased in 3Q18

Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…

November 28, 2018 - IMFnews

GSE Purchase Market Lost Steam in October

Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…

November 27, 2018 - IMFnews

New NMLS Figures Reveal a Decline in Mortgage-License Holders

In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…

November 27, 2018 - IMFnews

Losses Nearly Nonexistent on Expanded-Credit MBS with Loans from Caliber

Caliber’s loans are generally underwritten to a full documentation standard for income, assets and employment.

November 27, 2018 - IMFnews

Banks Report Sharp Drop in Mortgage Banking Income for 3Q18

Through the first nine months of the year, mortgage banking income was up 20.9 percent from the same period in 2017.

November 26, 2018 - IMFnews

Bank Holdings of MBS Drifted Lower in 3Q18

A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.

November 21, 2018 - IMFnews

Facing a Cloudy Future, Impac Bets the House on Non-QM Lending

Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”

November 21, 2018 - IMFnews

Correspondent Platforms Gained Market Share in 3Q18

Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…

November 20, 2018 - IMFnews

Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale

Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...

November 20, 2018 - IMFnews

Largest Holders of MSRs Leave the Asset Values Unchanged

The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent.

November 20, 2018 - IMFnews

Non-Agency Jumbo Sector Loses Market Share in 3Q18

The decline in market share for jumbos has occurred as interest rates have risen.

November 19, 2018 - IMFnews

Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager

Rates were in a decline Monday morning...

November 19, 2018 - IMFnews

As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void

The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…

November 16, 2018 - Inside FHA/VA Lending

GNMA’s Liquidity Concerns Prompt Demand for Contingency Plans

Increasingly worried about the financial condition of its largest nonbank issuers amid declining market conditions, Ginnie Mae in late October shot off a liquidity letter to 14 companies, asking them to develop contingency plans. The identity of the firms was not revealed to Inside FHA/VA Lending, but it’s no secret which companies rank among the top echelon of issuer/servicers. The five largest nonbank Ginnie MBS servicers as of Sept. 30 are PennyMac Financial Services, Lakeview Loan Servicing, Freedom Mortgage, Quicken Loans and Mr. Cooper. According to the letter, a copy of which was obtained by this publication, Ginnie wants the companies to develop strategies to right-size their operations. One of the agency’s goals is to lay the groundwork for financial stress tests that all issuer/servicers eventually must meet. Ginnie expects to sit down with the executive management teams of the ...

November 16, 2018 - Inside FHA/VA Lending

Ginnie Mae Continues to Tighten Issuer Standards, Accountability

This week, Ginnie Mae issued an all-participants memo dictating new standards for firms seeking to become issuers, including the stipulation that applicants submit to a corporate credit evaluation. Ginnie said the financial exercise will be “similar to those employed by credit rating agencies.” The evaluation will determine whether an applicant is qualified to be an issuer or whether additional criteria should be imposed even if the basic standards are met. Applicants that rely on a subservicer arrangement will be scrutinized even more. The bulletin also notes that, effective immediately, the agency is implementing new notification requirements for MBS issuers engaged in “certain subservicer advance or servicing income agreements, which do not require prior Ginnie Mae approval, but can impact an issuer’s ongoing liquidity position and financial obligations.” While Ginnie currently permits subservicers to advance ...

November 16, 2018 - Inside FHA/VA Lending

MMIF is Sound, Latest Audit Finds; Forwards Cover More HECM Losses

The FHA’s Mutual Mortgage Insurance Fund is generally healthy but for its Home Equity Conversion Mortgage program, according to the latest FHA audit of the MMIF. In its 2018 report to Congress this week, the Department of Housing and Urban Development had good and bad news regarding the financial condition of the insurance fund. The good news is that the economic value of the MMIF, which backs the FHA’s single-family loan programs, increased to $34.7 billion in fiscal 2018 from $26.7 billion a year ago. Total capital resources rose to $49.2 billion from $40.9 billion during the same period. For the fourth consecutive year, the fund exceeded its statutory capital reserve ratio of 2.00 percent. The ratio rose to 2.76 percent in 2018 from 2.18 percent last year. Premium reductions, had they been in effect, would have reduced the fund’s economic net worth and dropped its capital ratio, industry ...

November 16, 2018 - IMFnews

What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller

A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...

November 16, 2018 - IMFnews

After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD.

November 16, 2018 - IMFnews

REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand

Non-agency MBS holdings by REITs grew slightly faster than agency securities…

November 15, 2018 - IMFnews

After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”

November 15, 2018 - IMFnews

Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums…

The fund's value has improved, but FHA premiums will not be cut...

November 15, 2018 - IMFnews

More Red Ink for Ditech in 3Q and Another Potential Trip into Bankruptcy

Ditech said the company is in talks with “certain” corporate debt holders regarding another possible "court supervised" Chapter 11 process...

November 15, 2018 - IMFnews

Private MIs Gobble Up More Market Share in 3Q18 Despite Growth in FHA Sector

Arch Mortgage Insurance led the pack in terms of new insurance written in 3Q18 with $21.43 billion, followed by Radian Guaranty ($15.78 billion), and MGIC ($14.57 billion).

November 14, 2018 - IMFnews

A Blood-curdling Stat: Refi Index Falls to (Almost) 20-Year Low

One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”

November 14, 2018 - IMFnews

Nonbank Profits a Mixed Affair in Third Quarter

Ocwen Financial has not been a model of prosperity...

November 13, 2018 - IMFnews

CFPB Exams Continue Apace Despite the 'Mulvaney Effect’

MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…

November 12, 2018 - IMFnews

September Proves to be a Turning Point for Mortgage Employment, and Not in a Good Way

One loan broker said business has been so slow that it’s like, “going into a hockey rink overnight: Dead quiet.”

November 12, 2018 - IMFnews

GSE Credit Box Opened Slightly Wider in 3Q18

The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.

November 9, 2018 - IMFnews

What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count

The first move expected is a possible lowering of GSE loan limits...

November 9, 2018 - IMFnews

CFPB and FHFA Release First Loan-Level Dataset for Public Use

The CFPB and FHFA have been compiling the survey data but have never released the results.

November 9, 2018 - IMFnews

Agency Single-Family MBS Production Softened in October as Purchase Market Deflated

Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…

November 8, 2018 - IMFnews

Impac Suffers Another Loss. Revenue and Originations Take a Hit. Layoffs Too

About 41 percent of Impac's volume now entails non-QM lending...

November 8, 2018 - IMFnews

Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter

Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”

November 8, 2018 - IMFnews

Mr. Cooper Reports $54 Million Profit for 3Q18, Agrees to Buy $10B Originator

Several months ago, rumors began to surface that Pacific Union might be for sale...

November 8, 2018 - IMFnews

Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend

A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…

November 7, 2018 - IMFnews

Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High

Risk layering remains uncommon on the new breed of expanded-credit mortgages…


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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