Market Data
Browse articles from all of our Newsletters related to Market Data.
October 19, 2018 - Inside FHA/VA Lending
FHA, VA Delinquencies Tip Slightly Higher in 3Q18 GNMA MBS Pools
The amount of single-family Ginnie Mae mortgage servicing rights increased a modest 0.9 percent during the third quarter, according to a new analysis and ranking by Inside FHA/VA Lending. Some $1.858 trillion of Ginnie mortgage-backed securities were outstanding at the end of September, a 6.2 percent gain over the previous 12 months. Loans guaranteed by the VA continued to be the fastest growing segment of the Ginnie market. Volume was up 1.3 percent from the end of June, hitting $630.9 billion, an 11.0 percent increase from the same time last year. The FHA segment remained far bigger: $1.114 trillion at the end of the third quarter. However, its growth rate has been slower: 0.7 percent from June and 3.9 percent compared to September 2017. Loan performance deteriorated slightly in both programs. Some 92.9 percent of FHA loans were current at the end of September, down from ... [Charts]
October 19, 2018 - IMFnews
The Money Source Takes Aim on Subservicing
TMS President Ali Vafai said there’s a huge “void” of subservicers that can effectively handle high-touch product, especially Ginnie Mae receivables.
October 18, 2018 - IMFnews
Agency MSR Market Grew Modestly in 3Q18 as Nonbanks Continued Their March Forward
Fun fact: Nonbanks went over the 60.0 percent threshold in Ginnie Mae market share during the third quarter.
October 17, 2018 - IMFnews
A Slight Gain in Originations for U.S. Bank in 3Q18
Loan production increased at U.S. Bank but mortgage revenue declined…
October 17, 2018 - IMFnews
Complaints Filed with the CFPB Fell by Double Digits in 3Q18
The three major credit reporting bureaus – Experian, Equifax and TransUnion – continued to rank first, second and third, respectively, in the number of complaints filed…
October 16, 2018 - IMFnews
FHA Market Grows Riskier in 2018
FHA debt-to-income ratios are also deteriorating…
October 16, 2018 - IMFnews
Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over
CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...
October 15, 2018 - IMFnews
GSE Single-Family Business Up 10 Percent in 3Q18
Fannie enjoyed a 29.9 percent quarterly increase in purchase business, nearly double Freddie’s 15.4 percent gain.
October 15, 2018 - IMFnews
Correspondent Platforms Gain Share in 3Q18 Agency Market
The correspondent share of the market rose to 39.5 percent, the highest it has been in years...
October 12, 2018 - Inside The GSEs
GSE 1-Family Business Up 10% in 3Q18 as Purchase Market Grows
Seasonal housing-market factors pushed GSE single-family mortgage business higher in the third quarter, according to a new Inside The GSEs analysis of mortgage-backed securities data. Fannie Mae and Freddie Mac issued $213.81 billion of single-family MBS in the third quarter, a 10.4 percent increase from the previous period. The gain came from a 23.4 percent surge in purchase-mortgage business, which offset a 15.5 percent downturn in GSE refi activity. [Includes two data charts.]
October 12, 2018 - IMFnews
Wells Fargo Reports a Decline in Home Lending for 3Q18. A Small Gain at JPM
JPM and Wells do not use loan brokers, avoiding the wholesale channel. Both have large warehouse lending programs and acquire mortgages from the nonbanks they also finance.
October 12, 2018 - IMFnews
Non-Agency MBS Issuance Drops Sharply in 3Q18 as Nonprime Tops Prime
The highlight of the third quarter was the steady growth of the nonprime market…
October 11, 2018 - IMFnews
Mortgage Rates Near 5 Percent. Analyst Habib Says Keep an Eye on the 10-Year Treasury
Habib told IMFnews that if yield on the benchmark breaks 3.25 percent it could quickly shoot up to 3.63 percent…
October 11, 2018 - IMFnews
Mortgage Insurance Firms Gained Market Share in 3Q18
On a year-to-date basis, the volume of private MI loans delivered into GSE MBS was up 9.8 percent from the first nine months of 2017…
October 10, 2018 - IMFnews
Non-QM Lenders Angel Oak and Citadel Post Record Production Quarters in 3Q18
Angel Oak and Citadel continue to hire while the megabanks are cutting back...
October 10, 2018 - IMFnews
Wells Fargo is Back! Megabank Launches First Post-Crisis Non-Agency MBS
New nonagency deals are pending from loanDepot and New Residential as well…
October 9, 2018 - IMFnews
Mortgage Analysts Look Into Their Crystal Balls and Don’t Like What They See
Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”
October 9, 2018 - IMFnews
DBRS: Losses on Non-QM MBS are Rare, Investors Feel Protected
Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…
October 8, 2018 - IMFnews
Ginnie MBS Production Down 11 Percent Through Sept. 30
Issuers pooled $19.63 billion of FHA and VA refi loans during the third quarter, down 11.6 percent from the previous period…
October 8, 2018 - IMFnews
Mortgage Brokerage Firms Slash Jobs. More Carnage to Come?
With originations expected to fall, lenders of all different stripes are carefully examining their staffing needs…
October 5, 2018 - Inside FHA/VA Lending
Solid Gains in Purchase-Mortgage Business Offset 3Q18 Refi Slump
Ginnie Mae issuance of single-family mortgage-backed securities rode a homebuying wave during the third quarter of 2018, according to a new Inside FHA/VA Lending ranking and analysis. Ginnie issuers produced $105.63 billion of new MBS backed by forward mortgages during the July-September cycle, a 7.1 percent increase from the second quarter. That brought year-to-date production to $296.88 billion – down 11.3 percent from the first nine months of 2017. Purchase mortgages provided the boost for the Ginnie market. Some $75.69 billion of FHA and VA purchase mortgages were pooled in Ginnie MBS in the third quarter, a sturdy 13.1 percent increase from the previous period. Purchase loans accounted for 75.1 percent of FHA and VA loans securitized in the third quarter, compared to 64.7 percent for all of last year. Although production of these loans has gone up since the first quarter, year-to-date volume ... [Charts]
October 5, 2018 - IMFnews
Securitization Market Limped Through 3Q18 with Help From Agency MBS Issuance
The major driver was a 16.8 percent jump in Fannie Mae issuance…
October 4, 2018 - IMFnews
Eli Global Founder the Subject of Federal Subpoenas. A Mortgage M&A Deal was in Progress
As press time, Lindberg’s spokesman, Chuck Norman of S&A Communications, had not returned several emails and telephone calls regarding the subpoenas.
October 4, 2018 - IMFnews
Refi Market Continued to Slip in 3Q18, but Purchases Lift Fannie/Freddie Business
Purchase mortgages accounted for 71.4 percent of third-quarter GSE business…
October 3, 2018 - IMFnews
CMLA Criticizes Brookings Report on Nonbank Mortgage Firms
Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”
October 3, 2018 - IMFnews
Nonbanks Gained Market Share in 2Q18
As a result, the nonbank share of new production edged up to 53.9 percent, its highest level since the second quarter of 2017.
October 1, 2018 - IMFnews
Bank MSR Values the Highest They’ve Been Since 2007
Banks valued these servicing rights at $46.4 billion, $5.6 billion more than in March…
September 28, 2018 - Inside The GSEs
FHLBank Advances Rebound to Record High in Second Quarter
The Federal Home Loan Banks reported a record $736.70 billion of advances outstanding at the end of June, rebounding from a sharp decline during the first quarter of the year. Outstanding advances at the midyear point were up 5.4 percent from March even though the volume of new advances originated fell 5.9 percent during that period. Still, advance originations exceeded the repayment of existing loans, which declined ... [Includes two data charts}
September 27, 2018 - IMFnews
Non-QM Lenders See a 10 Percent Market Share as a Reasonable Goal
Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year.
September 27, 2018 - IMFnews
A Milestone: Nonbanks Pass Banks in MSR for the First Time
The bank retreat from agency MBS servicing is mostly taking place at the top…
September 26, 2018 - IMFnews
CFPB Seeks Input on Data Collection Practices
The new request for information, issued Tuesday, solicits comments on all aspects of data collection...
September 26, 2018 - IMFnews
Banks, Thrifts and First Liens, the Love Affair Continues
Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.
September 25, 2018 - IMFnews
MBS Trading Sets a New Low for the Year
The trading peak for the year came in February at $239.2 billion.
September 25, 2018 - IMFnews
Third-Party Lenders Account for Out-Sized Share of FHA/VA Market
However, some large commercial banks are willing to remain in the market through correspondent arrangements…
September 24, 2018 - IMFnews
IO Originations Spiked by 25 Percent in 2Q18
Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.
September 21, 2018 - Inside FHA/VA Lending
Government Share of Originations Down Slightly in Second Quarter
Originations of government-insured mortgages rose 11.2 percent from the first to the second quarter of 2018, according to Inside Mortgage Finance estimates. That increase was slightly lower than the 17.1 percent gain in total first-lien originations over that period. The big winner for the second quarter was the jumbo sector, where loan volume surged 33.5 percent from the first three months of the year. On a year-to-date basis, government lending was down 12.6 percent from the first half of 2017. This reflects the steep decline in refinance lending in general, which affected FHA/VA production significantly. Jumbo lending was also down, by 6.6 percent, from the first six months of last year, but the conventional-conforming market saw a 4.2 percent gain at the midway point in 2018. FHA/VA loans accounted for 22.8 percent of first-lien originations in the first half of 2018. The government share for all of last year was ... [Chart]
September 21, 2018 - IMFnews
Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack
The central bank could lose its kingpin status if commercial banks continue buying…
September 20, 2018 - IMFnews
Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business
More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…
September 20, 2018 - IMFnews
Tough Times, but Wells Fargo Expects to Gain Lending Market Share
Wells SVP John Shrewsberry: “In first mortgage, I would say, we should outperform whatever the market is delivering…”
September 19, 2018 - IMFnews
A Surge in Jumbo Correspondent Acquisitions
Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…
September 17, 2018 - IMFnews
GSE Purchase Business Up Again, but Refis Rise as Well
The refi surge may be attributable to more cash-out transactions.
September 14, 2018 - Inside The GSEs
Purchase-Mortgage Business Up Again, Plus Unlikely Refi Jump
Single-family mortgage business at Fannie Mae and Freddie Mac grew substantially from July to August, according to an Inside The GSEs analysis of mortgage-backed securities data. The two firms issued $79.34 billion of single-family MBS last month, a 20.5 percent increase from July’s volume. That brought year-to-date volume to $523.40 billion, down 6.1 percent from the first eight months of 2017. [Includes two data charts.]
September 14, 2018 - IMFnews
REITs Continue to Grow MBS Investments, However…
With agency MBS spreads remaining tight, Annaly has put more emphasis on commercial real estate and whole-loan acquisitions…
September 13, 2018 - IMFnews
Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential
Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…
September 12, 2018 - IMFnews
Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year
Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…
September 12, 2018 - IMFnews
Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017
Through the first eight months of the year, Ginnie issuance was down 11.0 percent...
September 12, 2018 - IMFnews
A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales
Wedbush estimates that originations will fall by 8.0 percent this year…
September 10, 2018 - IMFnews
Mortgage Bankers Add Jobs, Brokers Trim Slightly
Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”
September 10, 2018 - IMFnews
HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead?
Analysts blamed the reduction in volume on the new lower Principal Limit Factors...
September 10, 2018 - IMFnews
Correspondent Channel a Flashpoint in Competitive Jumbo Market
While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.
Training
Industry Reports
Poll
Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?
- The broker. It’s his/her client.
35%
- The wholesale/table funder. They’re taking the financial risk.
30%
- The broker, but only for the first year. After that, the borrower is fair game.
13%
- Hard to answer. It’s a complicated issue.
22%
Most Popular Stories
- MBA Panelists Express Grave Concerns about the Current Profit Picture
- Complaints Filed with the CFPB Fell by Double Digits in 3Q18
- What We’re Hearing: One Last Criticism from Jeb Hensarling Regarding the FHFA / In Agreement on 80 Percent / Departing Fannie, Freddie Directors May Pose a Challenge / Two Major Concerns: Originations and Profit Margins / Plaza Home Wants AEs / Bill Ashmore’s New Job?
- Short Takes: Trump’s Point Man on GSE Reform: Yank Fannie and Freddie’s Charters / New 52-Week Lows / Ginnie Issuer Gets its Ticket Pulled / Uncle Sam is Spending Too Much Money (Again) / A Name Change for Ocwen?
- Ginnie Mae Terminates 360 Mortgage Group from Program
