Market Data

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

November 17, 2017 - Inside Mortgage Trends

GSE Sellers Take Baby Steps on Risk

Mortgage lenders that sell single-family loans into Fannie Mae and Freddie Mac mortgage-backed securities continued to stretch the credit envelope during the third quarter, a new Inside Mortgage Trends analysis reveals. But the increase in the share of higher-risk lending is still going at a glacial pace, and low-risk mortgages continue to dominate the government-sponsored enterprises’ business. During the third quarter, mortgages in the lowest ... [Includes two data charts]

November 17, 2017 - IMFnews

Mortgage REITs Boost Residential MBS Holdings in 3Q17

MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…

November 16, 2017 - IMFnews

Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth

Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...

November 16, 2017 - IMFnews

Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17

Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...

November 14, 2017 - IMFnews

HMDA Analysis: Higher-Priced Lending Spikes

Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…

November 14, 2017 - IMFnews

Correspondent Share of FHA Loans Nears the 49 Percent Mark

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

November 10, 2017 - IMFnews

The Red Ink Kept Flowing at Walter in 3Q17; Revenues Down 15 Percent

Walter CEO Tony Renzi: “Our operating performance is improving in many areas, and we are continuing our financial restructuring efforts…"

November 10, 2017 - IMFnews

Surprise: CMBS Has its Best Issuance Quarter Since 2Q08

Fannie, Freddie and Ginnie continued to dominate multifamily activity…

November 9, 2017 - IMFnews

Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…

November 9, 2017 - IMFnews

Private MIs Gained Ground in 3Q17, but VA Shined the Most

Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…

November 8, 2017 - IMFnews

Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope

Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…

November 8, 2017 - IMFnews

New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches

Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…

November 7, 2017 - IMFnews

As Industry Plans for Next Year, Layoffs Commence. CEO Changes Ahead?

Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…

November 7, 2017 - IMFnews

Retail Still the Largest Source of Agency Loans

Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.

November 7, 2017 - IMFnews

Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime'

Redwood Trust plans to issue expanded-prime MBS on a regular basis…

November 6, 2017 - Inside the CFPB

New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches

The CFPB recently issued some proposed policy guidance for its Home Mortgage Disclosure Act rule that could help borrowers on the data privacy front, but it might not be enough, according to one compliance attorney. “On the heels of the Equifax data breach and continued cybersecurity threats, the CFPB’s guidance is a clear attempt to alleviate concerns regarding identity theft and information security,” Alexander Koskey, an associate in the Atlanta office of the Baker Donelson law firm, said in a recent client note. “However, significant privacy concerns persist that the increase in the amount of data that is being disclosed for the first time will make it easier to discover the identity of applicants and borrowers.” Additionally, given that the ...

November 6, 2017 - Inside the CFPB

Compliance Pro IDs Major Issues, Concerns With New HMDA Rule

During the recent annual meeting of the Mortgage Bankers Association, a top compliance expert highlighted some of the biggest issues and concerns the industry faces under the new data collection and reporting regime ushered in by the CFPB’s updated Home Mortgage Disclosure Act rule. The short list of the most significant considerations, of course, includes the fair lending implications of the new requirements. Mitch Kider, chairman and managing partner of the Weiner Brodsky Kider PC law firm in Washington, DC, told attendees at one break-out session that HMDA data accuracy (or errors) sets the tone for an entire CFPB examination. “Most of the new data fields companies already have,” he said. “Do you know what story your data currently tells ...

November 6, 2017 - IMFnews

Mortgage Banking Profits Declined Slightly for Banks in 3Q17

Meanwhile, the indicators point to a drop in production volume for the fourth quarter…

November 3, 2017 - IMFnews

A New Fed Chairman is Picked but that Might be the Only Major Change at the Central Bank

“There was no drama surrounding this meeting of the FOMC,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association.

November 3, 2017 - IMFnews

A Spike in Freddie MBS Issuance Helped Steady Volumes for October

But while Fannie production slumped 11.5 percent, Freddie saw a robust 23.9 percent jump in new issuance in October…

November 2, 2017 - IMFnews

Nationstar Reports a $7 Million Profit for 3Q17. Smaller MSR Markdowns

Nationstar originated $4.25 billion of new home mortgages in 3Q17…

November 2, 2017 - IMFnews

Ocwen Takes $6.1 Million Loss in Third Quarter but Results Could Have Been Worse

The loss would have been worse if not for a one-time tax benefit of $23.2 million…

November 2, 2017 - IMFnews

Fannie Mae Reports Strong Earnings for 3Q17; Hurricanes Hurt but RBS Settlement Helped

Through the first nine months of the year, Fannie has posted impressive net earnings of $9.02 billion.

November 2, 2017 - IMFnews

Minor Retreat for Top Tier Mortgage Servicers in 3Q17, Nonbanks Continue March Forward

The only top-five servicer to report an increase in volume was Nationstar Mortgage...

November 1, 2017 - IMFnews

Fannie Mae Reports Strong Earnings for 3Q17, but $1B in Hurricane-Related Charges; Large Exposure to ‘Maria’

Fannie Mae CEO Timothy Mayopoulos added: “Damage from the storms will be with us for a long time.”

November 1, 2017 - IMFnews

Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns

Look for another reverse mortgage lender to hit the auction block...

November 1, 2017 - IMFnews

Mortgage Applications Decline Again

The trade group also found that refinancings are declining as well: down to 48.7 percent of all new applications from 49.5 percent for the week ending Oct. 20.

November 1, 2017 - IMFnews

Little Change in MBS Characteristics in 3Q17

Flagstar Bank was the top originator of loans that fed prime non-agency MBS in the third quarter…

October 31, 2017 - IMFnews

Thanks (In Part) to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax)

Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."

October 30, 2017 - IMFnews

Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges

In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.

October 30, 2017 - IMFnews

FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.

October 30, 2017 - IMFnews

New Fannie Mae Survey: Humans, Not Robots Preferred

Also, lender websites don’t seem to sway consumer choices very much…

October 30, 2017 - IMFnews

Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent

In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.

October 27, 2017 - Inside FHA/VA Lending

HUD, VA Provide Additional Relief To Areas Hit by Natural Disasters

The Department of Housing and Urban Development and the Department of Veterans Affairs have taken additional steps to provide relief to homeowners in disaster areas hit by hurricanes Harvey, Irma and Maria. This week, the FHA issued policy waivers in storm-ravaged Puerto Rico and fire-stricken counties in California, allowing damage inspections to be completed beginning Oct. 24. FHA currently requires servicers to perform a damage inspection following the close of an “incident period” as determined by the Federal Emergency Management Agency. An incident period is the period For mortgages in disaster areas that have not closed or are pending endorsement, lenders must follow FHA’s guidelines on inspection and repair escrow requirements for loans in such areas. FHA believes that situations in certain jurisdictions in Puerto Rico and California have stabilized and further damage to ...

October 27, 2017 - Inside FHA/VA Lending

FHA, VA Post Lower Denial Rates, Minorities More Likely Users of FHA

Overall denial rates for nonconventional loan applications (FHA, VA and Rural Housing Service) fell slightly in 2016 to 13.4 percent from 13.9 percent in 2015, Home Mortgage Disclosure Act data showed. In the nonconventional refinancing segment, denial rates rose to 32.9 percent last year from 30.3 percent in the previous year. Approximately 23.9 percent of FHA loan applicants were denied last year while VA turned down 20.0 percent of borrowers who sought a VA loan. An estimated 14.3 percent of FHA purchase-loan applicants were turned down. VA denied 11.4 percent of its purchase-mortgage applicants although its total purchase-loan applications are far fewer compared to FHA. According to the Federal Reserve’s overview of the 2016 HMDA data, as in past years, blacks, Hispanics and “other minority” borrowers had notably higher denial rates overall compared to white borrowers. Denial rates for ...

October 27, 2017 - IMFnews

Fannie, Freddie Credit-Risk Transfer Deals Slowed in Third Quarter

CRT deals may be popular with legislators since they “de-risk” Fannie and Freddie, but over the long haul the transactions reduce profits for the GSEs, or so critics have charged…

October 27, 2017 - IMFnews

An Earnings Decline for MSR-Hungry New Residential; Servicing Portfolio Drops as Well

During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.

October 26, 2017 - Inside Mortgage Finance

Mortgage Originations Continued to Exceed Expectations In Third Quarter, But 2017 Still Off Last Year’s Pace

Mortgage originations continued to gain momentum in the third quarter of 2017, although most experts are calling for a slowdown in the final three months of the year. An estimated $495.0 billion of first-lien home loans were originated during the third quarter, according to a new Inside Mortgage Finance ranking and analysis. That represented an 8.8 percent increase over the April-June cycle and brought year-to-date production to $1.335 trillion – off ... [Includes two data charts[

October 26, 2017 - IMFnews

Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…

October 25, 2017 - IMFnews

Mortgage Complaints Filed with the CFPB Fell Yet Again

Mortgage servicing-related gripes fell 26.3 percent in the third quarter…

October 24, 2017 - IMFnews

Short Takes: ‘Zero Capital’ Gets Zero Mention by FHFA Director Watt / Fannie CEO None-Too-Thrilled with ‘Colonial Style’ / Flagstar Cites Sweet Profits from Homebuilder Finance / No Housing Bubble, Says Arch / Capstead Gets a New CFO

Homebuilder finance is booming at Flagstar Bancorp...

October 24, 2017 - IMFnews

Flagstar Increased Residential Production by 4.5 Percent in 3Q17

Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...

October 24, 2017 - IMFnews

Large Banks Show Tepid Interest in GSE Servicing Market

The megabanks shed a combined $48.75 billion of GSE servicing during the third quarter…

October 23, 2017 - IMFnews

Big Banks Report Decent Production Figures for Third Quarter

For the nonbanks, the bellwethers to watch will be Quicken Loans, Freedom, loanDepot and United Wholesale…

October 23, 2017 - IMFnews

Agency Servicing Transfers Caught Fire in 3Q17, Reshaping MSR Market

In the third quarter, Movement Mortgage was the top seller of MSR assets via the coissuance market…

October 20, 2017 - IMFnews

Agency MBS Trading Had Strong Month in September

For traders, the good news is that MBS issuance increased to $357.2 billion in the third quarter, the strongest performance of the year...

October 20, 2017 - IMFnews

Non-Mortgage ABS Issuance Tumbled in 3Q17, But…

Bank of America Merrill Lynch and Guggenheim Securities were the top underwriters of business ABS at the three-quarter mark of 2017…

October 19, 2017 - IMFnews

Stearns Reorganizes a Bit, Cuts 159 Jobs in California, but Plans to Rehire in Texas; Seeks LOs

“We continue to be bullish on the business,” said Stearns CEO David Schneider.

October 19, 2017 - IMFnews

Agency Servicing Continued to Grow in 3Q17, Megabanks Show Little Interest

The four megabanks reduced their agency mortgage servicing rights by $59.6 billion during the third quarter…

October 18, 2017 - IMFnews

U.S. Bancorp Grows Residential Production by Almost 10 Percent

Compared to the same period a year ago, residential loan production declined by 19.6 percent...


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

vote to see results