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
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
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
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
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
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…
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