Market Data

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

January 19, 2018 - IMFnews

Most Large Banks Report a Production Decline for 4Q17

The lone bank bucking the trend was U.S. Bank, Minneapolis, which funded $12.5 billion, a 3.3 percent improvement from the prior period.

January 19, 2018 - IMFnews

Non-Mortgage ABS Issuance Hit a Post-Crisis High in 2017

Total non-mortgage ABS production climbed to $211.72 billion in 2017, the market’s strongest year for new issuance since 2007…

January 18, 2018 - IMFnews

The Trend is Clear: Nonbanks Poised to Have a 50 Percent Agency MSR Share

The nonbank share of agency servicing grew by 4.7 percentage points during 2017.

January 17, 2018 - IMFnews

A Slight Production Decline for BofA in 4Q17, but MB Profits Take a Hit

According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.

January 16, 2018 - IMFnews

Ginnie Mae MBS Program Faltered in 2017…

The agency – which still doesn’t have a permanent president – issued $443.2 billion of MBS backed by forward single-family mortgages in 2017, a 10.8 percent decline from the previous year.

January 16, 2018 - IMFnews

Wells Fargo Reports Lower Originations for 4Q17, Lower Mortgage Profits and Branch Closings

Thanks to the new bill signed by President Trump, Wells enjoyed a $3.35 billion after tax benefit. However, the company also recorded a $3.25 billion pre-tax expense tied to “litigation accruals for a variety of matters, including mortgage-related regulatory investigations..."

January 16, 2018 - IMFnews

Residential Production at Chase Fell 9.2 Percent in 4Q17; Servicing Revenue Nicked

Chase continues to grow the volume of residential whole loans kept on its balance sheet: $197.3 billion at yearend compared to $181.2 billion at the end of 2016.

January 12, 2018 - IMFnews

Short Takes: PNC Bank's Mortgage Revenue Declined/KBRA Expects Growth in PLS/Fed Reserve Bank of NY Positive on 2018 Outlook

PNC Bank made a relatively paltry $29 million in noninterest income on its mortgage business in the fourth quarter of 2017.

January 8, 2018 - Inside the CFPB

Complaints About Student Loans, Credit Reports Surged Last Year

Consumer complaints overall continued their downward trajectory in the fourth quarter, but it was a different story when it came to areas such as student loans and credit reports, both of which shot upwards on an annual basis. Overall, total gripes from end users of the financial system fell 24.1 percent year over year and 23.1 percent from the third quarter of 2017 to the fourth. But criticisms about student loans surged 109.9 percent on an annual basis, despite a drop of 30.1 percent from 3Q17 to 4Q17. Credit reports were similarly slammed, with a 99.8 percent leap in complaints year over year, a 32.2 percent fall off quarter to quarter notwithstanding. On the other hand [includes exclusive data chart] ...

January 8, 2018 - IMFnews

A $1.688 Trillion Production Year?

Mortgage lenders seem somewhat cheerier about the new year than the dismal scientists…

January 4, 2018 - IMFnews

Angel Oak Raises Almost $300 Million for Non-QM Investments

Angel Oak has securitized $850 million of non-QM loans since 2015.

January 4, 2018 - IMFnews

Surprise: In 4Q17, GSE MBS Issuance Actually Increased

Fact: Fannie and Freddie securitized more purchase-money mortgages in 2017 – $472.77 billion – than in any year since 2007.

January 3, 2018 - IMFnews

Short Takes: Morgan Stanley and PHH? / Share Price? / Subservicing Rules the Roost / Embrace Hires Legal Affairs Chief / A Name Change for Mortgage Lending Services

At Sept. 30, 2017, PHH had a total servicing portfolio (including subservicing contracts) of $162.7 billion...

December 29, 2017 - IMFnews

MBS Analysis: Looks Like the GSEs are Taking Market Share from FHA

Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…

December 29, 2017 - IMFnews

A Gain for Correspondents in Jumbo Market Share

Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…

December 28, 2017 - IMFnews

Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…

December 28, 2017 - IMFnews

Banks Continue to Add Home Mortgages to Portfolio

JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…

December 21, 2017 - IMFnews

Ginnie Mae – the Fastest-Growing Component of the Agency MSR Market

While combined GSE servicing still accounted for a hefty 44.9 percent of single-family mortgages, it has continued to drift lower over the course of 2017…

December 20, 2017 - IMFnews

Thanks to FTHBs, GSE High LTV Programs Begin to Catch Fire

Bill Banfield, EVP of capital markets for Quicken, said he’s noticed an increase in the use of the conventional low-downpayment programs this year….

December 20, 2017 - IMFnews

Meanwhile ... More Lenders Reveal Hiring Plans for 2018

The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”

December 19, 2017 - IMFnews

Short Takes: Money Source Sets its Sights on Being a $100B Servicer / RoundPoint Looks to Add Contracts / FHA Defaults Spike, Reason: Hurricanes / MIAC Selling Whole Loans / Ellington’s CFO Sets Retirement Date

Overall, The Money Source expects to hire more than 400 new team members in 2018...

December 19, 2017 - IMFnews

Subservicing Contracts Gain Once Again with Nice Increases for Nationstar and PHH

At Sept. 30, roughly $2.09 trillion – or 19.9 percent of total residential mortgages outstanding – were being subserviced by a vendor that didn’t own the underlying servicing strip…

December 18, 2017 - IMFnews

Surprise: Banks Report Small Increase in ‘Servicing for Others’

But the gain was largely attributable to one bank – Wells Fargo – which acquired an agency servicing portfolio of about $51.0 billion from Seneca Mortgage…

December 15, 2017 - IMFnews

Continued Growth for Agency MBS in 3Q17

The fastest-growing segment is the Ginnie Mae market…

December 14, 2017 - IMFnews

Another Industry Group Calls for Delay in New HMDA Requirements

Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the proposed changes…

December 14, 2017 - IMFnews

Home-Equity Lending Declined in 3Q17 but Not by Much

Banks and thrifts continued to retreat from the home-equity business in 3Q17 while credit unions pressed forward…

December 13, 2017 - IMFnews

Jumbo MSR Market Increases, Wells Fargo Continues Dominance

Moody’s noted that mortgages acquired by Chase’s jumbo conduit have performed exceptionally well…

December 12, 2017 - IMFnews

Jumbo Delinquency Rate Increased in 3Q17, but in Line with Overall Market

Late-payment rates rose due to a number of factors…

December 11, 2017 - IMFnews

Surprise: The Subprime Delinquency Rate Jumps in 3Q17

The dollar volume of outstanding subprime mortgages continues to decline…

December 11, 2017 - IMFnews

VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed

USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.

December 8, 2017 - IMFnews

Agency MBS Issuance Up Slightly in November. Another Big Month for Freddie

It was Freddie Mac’s second-largest month of the year...


How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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