Market Data

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

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…

August 13, 2018 - IMFnews

VA Production Spikes 30.2 Percent, Thanks to Strong Purchase Lending

However, VA refi business struggled in the second quarter with production falling 7.0 percent…

August 10, 2018 - Inside FHA/VA Lending

USDA Issuance Down at Midpoint From 2017, Up in Second Quarter

Fewer rural single-family mortgages and modified home loans with a USDA guarantee were securitized during the first six months of 2018 compared to last year. Delivery of USDA loans into Ginnie Mae pools over the last two quarters totaled $8.6 billion, down 10.1 percent from the same period last year but up 12.4 percent in the second quarter from the prior period. PennyMac topped all USDA issuers with $1.7 billion worth of rural housing MBS issued during the first half of 2018, up 22.1 percent year-over-year. New issuance also rose 30.0 percent in the second quarter from the previous quarter, enough for a 20.2 percent share of the securitized USDA market. ... [chart]

August 10, 2018 - IMFnews

Commercial MBS Issuance Rebounds from a Slow Start

Meanwhile, Fannie Mae and Freddie Mac accounted for 82.5 percent of all multifamily loans securitized in the first half…

August 9, 2018 - IMFnews

Impac Reports Large Loss for 2Q18, Blames Cash Call. Is Keen to Grow Non-QM Production

A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.

August 9, 2018 - IMFnews

More of the Same from Ditech: A Net Loss, Lower Originations and Liquidity Concerns

In June, Ditech agreed to sell MSRs to New Penn Financial...

August 9, 2018 - IMFnews

Private MIs Boost Market Share in 2Q18, Report Post-Crisis Record in Earnings

Arch wrote $19.94 billion of traditional policies in the second quarter, ranking first overall, according to exclusive figures compiled by Inside Mortgage Finance. Radian was second with $16.36 billion…

August 8, 2018 - IMFnews

Redwood Reports Lower Earnings, but a Rise in Loan Purchases

At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.

August 8, 2018 - IMFnews

Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion

At the end of July, Citadel serviced $1.75 billion of non-QMs…

August 8, 2018 - IMFnews

Mortgage Banking Income Fades at Banks

Second-ranked JPMorgan Chase had a similarly disappointing quarter.

August 7, 2018 - IMFnews

Nonbank Market Share of Ginnie MSRs: 59.9 Percent and Growing

Wells Fargo’s agency servicing volume dropped by $9.4 billion…

August 3, 2018 - Inside The GSEs

Fannie and Freddie Report $7.0 Billion in Combined Profits for 2Q

The GSEs posted a combined net profit of $6.96 billion for the second quarter, with Fannie accounting for the lion’s share having earned $4.46 billion. The combined number is down slightly from the $7.19 billion recorded for the first quarter. Fannie Mae’s chief financial officer, Dave Benson, attributed the 4.6 percent quarterly increase partly to higher credit-related income. [Includes one data chart.]

August 3, 2018 - IMFnews

What We’re Hearing: Fannie Mae’s Next CEO Might Be… / Thanks Congress / Amazon Still in the Hunt? / The Top Gainer: Fairway Independent Mortgage / Talking to Ed DeMarco / Gateway Gets a New CEO

No wonder why Fannie and Freddie topped Business Insider’s list of the most profitable companies per employee…

August 3, 2018 - IMFnews

PennyMac Boosts Profit, Originations, Servicing – and Unveils Corporate Reorganization

The lender/servicer also unveiled plans for a corporate reorganization that could triple the firm’s market capitalization rate…

August 3, 2018 - IMFnews

Agency MBS Business Lays an Egg in July. Refis Set New Cyclical Lows

The fundamentals just weren’t there...

August 2, 2018 - IMFnews

Servicing Market Continues Deconsolidation Trend, Big Banks Keep Slipping

The biggest gainer among the top 50: New American Funding in California…

July 31, 2018 - IMFnews

Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6B Dividend Payment is Expected

Once the $1.6 billion is upstreamed to Treasury, Freddie will have an account surplus of $42.4 billion...

July 30, 2018 - IMFnews

FHA/VA Serious Default Rates Down in 2Q18

FHA officials are worried about rising concentrations of higher-risk loan characteristics…

July 27, 2018 - IMFnews

How Large a Profit for Fannie and Freddie in 2Q18?

As GSE investor James Fenkner put it: “Yes, the U.S. Treasury will be cashing in again nicely next week.”

July 27, 2018 - IMFnews

Non-Mortgage ABS Issuance Slowed in 2Q18, but Production is Ahead of Last Year’s Pace

Most of the major product categories had some slippage in the second quarter.

July 26, 2018 - IMFnews

A Very Busy New Residential Posts a Smaller Profit

In early July, the REIT closed on its previously announced $190 million purchase of Shellpoint Partners, an acquisition that includes mortgage banking firm New Penn Financial.

July 26, 2018 - IMFnews

Mortgage Originations Rebounded in 2Q18, but Market Lags 2017 Production

An estimated $445.0 billion of first-lien home loans were originated during the second quarter, an 18.7 percent sequential gain…

July 25, 2018 - IMFnews

Flagstar Posts Decent Originations but Expresses Concern About GOS

At June 30, Flagstar serviced $120.3 billion in home mortgages, but 77.5 percent of that represents subservicing contracts…

July 23, 2018 - IMFnews

Another Record Non-QM Production Quarter for Angel Oak. Head Count Reaches 527

Since 2015, Angel Oak Capital Advisors has completed seven non-QM securitizations...

July 23, 2018 - IMFnews

Nonbanks Continue Gaining Share in GSE Servicing Business

The top grower in the nonbank world was Freedom Mortgage, which upped its GSE servicing by $19.36 billion, 29.7 percent…

July 20, 2018 - IMFnews

What We’re Hearing: Not So Fast on Those New Products, Fannie and Freddie / A Flashpoint: Financing a Corporate SF Landlord / Industry Input? / UWM Firing on All Cylinders / Non-QMs? No Thank You / PHH Executive Leaves for Due Diligence Firm

The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products.

July 20, 2018 - IMFnews

Top Lenders Report Solid Increase in Production, but Profit Margins a Major Concern

Rick Sharga of Carrington: “Refi volumes will continue to contract, and lenders will have to accelerate their shift towards more purchase business in order to maintain volume.”

July 20, 2018 - IMFnews

A Post-Crisis High for Non-Agency MBS Issuance: $20.7B for 2Q18

Slightly over half were deals backed by newly originated mortgages…

July 19, 2018 - IMFnews

Strong Purchase Market in 2Q18 Buoys Mortgage Insurance Firms

FHA officials have fretted about rising DTI ratios for some time…

July 18, 2018 - IMFnews

U.S. Bancorp Posts a 10 Percent Gain in Mortgage Production

The Minneapolis-based depository posted $191 million of mortgage banking revenue for the second quarter…

July 18, 2018 - IMFnews

MBA Chairman-Elect: Lenders in a Game of ‘Chicken’ on LO Compensation

MBA Chairman-Elect Chris George said the CFPB could make some adjustments to LO comp regulations, providing lenders with more flexibility…

July 18, 2018 - IMFnews

Executives at Online Mortgage Brokerage Firm Top Survey of Nonbank Earners

At times, LendingTree’s share price has been highly volatile…

July 17, 2018 - IMFnews

Nationstar Reports 2Q18 Results: Income and Servicing Down, Originations Up

Nationstar said it continues to “evaluate significant servicing growth opportunities” and expects to end 2018 with at least $530 billion of MSRs...

July 16, 2018 - IMFnews

Non-Agency MBS (Backed by New Production) Hits Another Quarterly Record

Prime jumbo mortgages continue to account for the majority of non-agency MBS issuance…

July 16, 2018 - IMFnews

A 23 Percent Increase in Home Lending for Bank of America

Bank of America no longer breaks out mortgage income separately.

July 13, 2018 - Inside FHA/VA Lending

HUD Issues Interpretive Rule to Fix Ginnie Mae’s VA IRRRL Snafu

The Department of Housing and Urban Development has issued an interpretive rule to clear up some of the confusion created by the recently approved Dodd-Frank reform act regarding the eligibility of certain VA refinance loans to serve as Ginnie Mae collateral. Although interpretive rules are exempted from public comment under the Administrative Procedures Act, HUD is seeking public input on its interpretation of the loan-seasoning provision of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which President Trump signed into law on May 24, 2018. Among other things, the statute prohibits Ginnie from guaranteeing payment on a security backed by a mortgage that does not meet its seasoning requirements. The protective measure was designed to deter lenders from encouraging veterans to refinance their loans often and repeatedly. Loan churning led to faster prepayment speeds on the ...

July 13, 2018 - Inside FHA/VA Lending

Seasonal Factors Boost Ginnie Mae MBS Issuance in Second Quarter

The spring homebuying season fueled a relatively modest increase in production of Ginnie Mae single-family mortgage-backed securities during the second quarter of 2018, according to a new Inside FHA/VA Lending ranking and analysis. Lenders issued $98.66 billion of Ginnie MBS backed by forward mortgages during the April-May cycle. That was up 6.6 percent from the first three months of the year, but 2018 continued to lag behind the pace set in 2017 by 10.7 percent. Given current trends, annual Ginnie MBS issuance in 2018 could fall short of the $400 billion mark for the first time since 2014. The flow of FHA and VA purchase mortgages was up a solid 23.7 percent from the first to the second quarter, bringing the total for the first half of the year to $121.01 billion. However, that was down 4.7 percent from the same period in 2017. Ginnie securitized $75.02 billion of FHA purchase loans in the ... [Charts]

July 13, 2018 - IMFnews

Mixed Trends for Residential MBS Issuance Halfway Through 2018

Some $315.95 billion of single-family MBS was issued in the second quarter, up 8.2 percent from the previous quarter, according to Inside MBS & ABS.

July 12, 2018 - IMFnews

GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

All of the growth in GSE volume came from the purchase-mortgage side of the business…

July 10, 2018 - IMFnews

Flagstar Hires Regions Bank Executive to Head Retail

In the first quarter of 2018, Flagstar funded $7.88 billion of home mortgages, just $960 million of which came through the retail channel...

July 10, 2018 - IMFnews

Purchase Market Springs to Life in 2Q18, Freddie Regains Market Share

The net result was a strong gain in Freddie’s share of the GSE market…

July 10, 2018 - IMFnews

On the Decline: Mortgage and Student Loan Complaints

Gripes against Experian came in at 14,914 over the six-month period…

July 9, 2018 - IMFnews

Agencies Leaning More on the ‘QM Patch’

The share of high-DTI loans has continued to go up this year…

July 6, 2018 - IMFnews

CFPB Set to Implement HMDA Relief Later This Summer

The relief comes from the Dodd-Frank reform act, which was signed into law in May...

July 6, 2018 - IMFnews

DBRS Tops in Rating Non-Agency MBS

Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.


11% to 25%. It’s a challenging market.


25% to 40%. It’s going to be very ugly.


No opinion.