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Volume 11 - Number 22

November 2, 2018

Downloads Available: Channel Profile of FHA and VA Loans Securitized in Ginnie Mae MBS/FHA/VA Loan Characteristics: 2013-3Q18

Downloads Available: Ginnie Mae Issuer Profile: 9M18

Downloads Available: Seller Profile: FHA Loans Securitized in Ginnie Mae MBS: 3Q18

Downloads Available: Seller Profile: VA Loans Securitized in Ginnie Mae MBS: 3Q18


Brokers Gain Share in FHA Lending, But Fall Back in VA Production

Wholesale-broker production of FHA loans was up 8.1 percent from the second to the third quarter of 2018, making it the fastest-growing channel in the program, according to a new Inside FHA/VA Lending analysis of Ginnie Mae mortgage-backed securities data. However, the volume of brokered VA loans securitized during the third quarter fell 4.0 percent from the previous period, the only channel to show a loss over that period. Correspondent production remained king in the FHA segment, with volume rising 7.4 percent from the second quarter. Correspondents generated 48.9 percent of FHA loans delivered into Ginnie MBS pools over the first nine months of the year. PennyMac Financial and Amerihome Mortgage duked it out as the top correspondent platforms in the third-quarter FHA market. Retail was runner-up with a 35.6 percent share of FHA year-to-date business, with wholesale-broker accounting for just ... [Charts]

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Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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