Market Data

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

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

What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count

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…

November 6, 2018 - IMFnews

Another Quarterly Loss for Ocwen, New CEO Messina Calls for ‘Re-engineering’ the Cost Structure

Ocwen is planning a re-engineering of its cost structure...

November 5, 2018 - IMFnews

Ahead of 3Q18 Results, Impac’s Share Price Falls to a 52-Week Low

Impac’s share price fell to a new 52-week low Monday: $5.10.

November 5, 2018 - IMFnews

Mortgage Brokers Gain Share in FHA Lending, but Lose Ground on VA

United Shore Financial Services ran the top FHA wholesale-broker program, generating $1.53 billion during the third quarter.

November 2, 2018 - Inside FHA/VA Lending

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]

November 2, 2018 - IMFnews

A Sequential Earnings Decline for Fannie Mae, but a Strong Profit Nonetheless

In less than two weeks, the Senate Banking Committee will hold an oversight hearing on controversial pilot programs launched by Fannie and Freddie...

November 2, 2018 - IMFnews

PennyMac Posts Net Income of $56.2 Million, Founder Sees Consolidation Ahead

Stan Kurland: “We expect to see consolidation in the mortgage market, and successful firms will be the ones that have the size, scale and technological capabilities to compete."

November 2, 2018 - IMFnews

Non-Agency MBS Market Revels in a Banner Year, But…

The nonprime sector has split off from jumbo, and there are now roughly 70 investors in the sector.

November 1, 2018 - IMFnews

Short Takes: Should the GSEs Increase Servicing Compensation? / Hanging with Mr. Cooper at No. 3 / PennyMac’s Amended Repo Line / Strong Underwriting Income for Arch, KBW Likes Radian

David Fleig of MorVest: “We have numerous active conversations with clients thinking about selling MSRs and I am sure our competitors do as well.”

November 1, 2018 - IMFnews

First Pacific Advisors Discloses a 30.9 Percent Stake in Ditech

First Pacific is an institutional money management firm...

November 1, 2018 - IMFnews

Second-Tier Servicers Continued to Gain Market Share in 3Q18

Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…

November 1, 2018 - IMFnews

New Residential Readies Additional Offering of Stock. MSRs on the Shopping List?

According to Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with a $384.0 billion portfolio at Sept. 30.

October 31, 2018 - IMFnews

Nonbanks Kept Growing Origination Share in 3Q18

Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.

October 30, 2018 - IMFnews

Digital Footprint Useful for Predicting Loan Defaults

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.

October 30, 2018 - IMFnews

Mortgage Complaints Took a Dive in 3Q18

Wells Fargo once again led the complaint pack…

October 26, 2018 - IMFnews

Commercial Mortgage Securitizations Slowed in 3Q18 but MF Surged

Thanks to Fannie Mae and Freddie Mac, multifamily securitizations surged 44.7 percent…

October 25, 2018 - IMFnews

The Final Tally for 3Q18 Originations: $435 Billion. Modest Declines Expected in the Quarters Ahead

The mortgage market was somewhat more top-heavy in the third quarter, with the top 25 lenders accounting for 57.7 percent of total production…

October 25, 2018 - IMFnews

New Residential Reports Strong 3Q18 Results, Bought $43B of MSR During the Period

The New York-based real estate investment trust has been on an MSR acquisition tear the past three years...

October 24, 2018 - IMFnews

Trouble Brewing? FHA and VA Delinquencies on the Rise

No wonder Ginnie Mae Acting President Michael Bright is nervous: Short-term default rates showed the biggest increases…

October 24, 2018 - IMFnews

Industry Consultant Dave Lykken: Fourth Quarter will be a ‘Blood Bath’

Rick Roque, managing director of Menlo Company, sees tough times ahead as well...

October 24, 2018 - IMFnews

Jumbo-Conforming Spread Closer than Perceived

During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…

October 23, 2018 - IMFnews

Short Takes: A 52-Week Low for Texas Capital / But Strong Earnings / Concern over the Future of Warehouse Lending? / TIAA’s Third Non-agency MBS / HomeStreet Sees Lower Production, Dark Clouds

TIAA is preparing to issue its third prime non-agency mortgage-backed security of the year...

October 23, 2018 - IMFnews

Flagstar’s Originations Up Slightly in Third Quarter, GOS Takes a Hit

Correspondent production accounted for 76.1 percent of Flagstar’s originations during the quarter...

October 23, 2018 - IMFnews

Purchase Mortgages Dominate Jumbo MBS Issuance in 3Q18

Prime jumbo MBS issuance continues to be dominated by 30-year FRMs, with few interest-only products represented…

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.]


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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