Market Data

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

January 18, 2019 - Inside FHA/VA Lending

Plan Afoot to Reintroduce VA ‘Orphan Loan’ Measure

Congress reportedly plans to reintroduce legislation that would restore Ginnie Mae eligibility for hundred-million dollars’ worth of so-called orphan VA streamline refinance loans. H.R. 6737, Protect Affordable Mortgages for Veterans Act of 2018, was passed by the House by voice vote on Sept. 26 last year and was sent to the Senate, where it was stalled on a technicality. The bill aimed to clarify new seasoning requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act (S. 2155) that specifically applied to VA’s Interest Rate Reduction Refinance Loans and which became effective upon enactment. The requirements were designed to curb churning of VA loans that were triggering unusually fast prepayments in Ginnie Mae mortgage-backed securities. Some lenders and brokers were soliciting homeowners to refinance their VA mortgages more than once to ...


January 18, 2019 - IMFnews

Megabanks’ Originations Weak, MSR Values an Issue

Publicly traded nonbank giants, including PennyMac and Mr. Cooper, have yet to report results, but there’s nothing to suggest these shops will fare much better…


January 18, 2019 - IMFnews

ABS Issuance Hits Post-Crisis High Despite Soft Landing

The only ABS to show increased production in 4Q18 were deals backed by business loans.


January 17, 2019 - IMFnews

Mortgage Employment Falls to 10-Month Low

Conventional lenders will have a tougher time of it this year...


January 17, 2019 - IMFnews

‘Digital’ Lender Better Mortgage Triples Originations

Better said the company’s LOs originate an average of 40 loans per month versus the industry average of 4.2 loans...


January 17, 2019 - IMFnews

Nonbanks Significantly Increase Agency Servicing Market Share

Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…


January 16, 2019 - IMFnews

Private MIs Boost Share of Agency Purchase Loans

The FHA share of insured purchase loans has been falling…


January 16, 2019 - IMFnews

Residential Lending Declines for Both BofA and U.S. Bank

A top ten lender, U.S. Bank produced $9.1 billion of mortgages in 4Q18, a 19.1 sequential decline...


January 16, 2019 - IMFnews

GSE Market Shifted Toward Megabanks in 4Q18

Chase’s secondary market patterns are typically herky-jerky…


January 16, 2019 - IMFnews

JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

Roughly 42 originators are providing collateral for the JPM MBS…


January 15, 2019 - IMFnews

Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank

Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...


January 15, 2019 - IMFnews

First Republic Bucks the Trend and Increases Mortgage Originations

Jumbo mortgages account for the vast majority of First Republic’s single-family production.


January 15, 2019 - IMFnews

Residential Production Down by Almost 24 Percent at No. 2-Ranked JPMorgan Chase

JPM valued its MSR portfolio at 117 basis points at the end of the fourth quarter, reducing the mark from 122 bps in 3Q18...


January 15, 2019 - IMFnews

Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge

Management blamed the lower figures on “seasonality.”


January 14, 2019 - Inside the CFPB

Consumer Groups Seek Limits on Debt Collectors

Consumer advocacy groups have urged the CFPB to impose strict limits on debt collection agencies in order to protect consumers from abusive practices.


January 14, 2019 - IMFnews

Citigroup Sees Retail Residential Production Drop by Almost 15 Percent

Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...


January 14, 2019 - IMFnews

Hedging Losses Likely for Fannie and Freddie in 4Q18?

The more exaggerated the rate moves, the greater the gain or loss.


January 14, 2019 - IMFnews

Retail Channel Continues to Lose Market Share as Correspondent Surges

Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...


January 11, 2019 - IMFnews

Non-Agency MBS Issuance Faded in Fourth Quarter

The ECM sector was one of the few that recorded MBS production gains during the fourth quarter…


January 11, 2019 - IMFnews

CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More

The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…


January 10, 2019 - IMFnews

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…


January 9, 2019 - IMFnews

Angel Oak Expects Sustained Non-QM Growth in 2019

The non-QM market is booming, said Angel Oak executive Tom Hutchens…


January 8, 2019 - IMFnews

The Final Ginnie Mae Issue Tally for 2018: $388 Billion

Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…


January 7, 2019 - IMFnews

loanDepot Hires Caliber Executive John Bianchi to Head National Sales

loanDepot founder and CEO Anthony Hsieh: “We believe in distributed retail…”


January 7, 2019 - IMFnews

Non-Agency MBS Issuance Nearly Doubled in 2018

JPMorgan Chase and Redwood Trust are the dominant issuers of non-agency MBS…


January 4, 2019 - IMFnews

MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…


January 3, 2019 - IMFnews

A Very Ugly Application Reading for the Week Ending Dec. 28. Surprise?

Brian Benjamin of Two Rivers Mortgage & Investment in Red Bank, NJ, noted that since the bond market rally in late December, “I’ve seen a pickup in calls, but refis are still dead.”


January 3, 2019 - IMFnews

A Not-So-Pretty 4Q18 for GSE MBS Issuance

Fannie and Freddie continued to see a slippage in the purchase market…


January 2, 2019 - IMFnews

PennyMac Financial Cuts New Employment Deals with Top Officers

Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.


January 2, 2019 - IMFnews

Employee Satisfaction at the CFPB Plunges

A CFPB spokesperson said that 2018 was, no doubt, “a tumultuous year of great change.”


December 31, 2018 - IMFnews

Interest-Only Lending Declines in Third Quarter

First Republic Bank, the top IO lender in the group, originated $1.68 billion of product…


December 28, 2018 - IMFnews

Surprise: Production-Related Activity Saw Profit Boost in 3Q18

However, servicing income was down substantially…


December 27, 2018 - IMFnews

Lion Point Capital Declares 50 Percent Stake in Ditech

The investment banking firm Houlihan Lokey has been fielding offers for Ditech…


December 27, 2018 - IMFnews

Nonbanks Continue to Build Market Share

Nonbanks among the top 100 reported a mild 0.9 percent drop in new business, while depository institutions saw production fade 4.0 percent.


December 26, 2018 - IMFnews

Short Takes: Trouble Ahead for FHA? / Steve Mnuchin’s Christmas Eve Massacre / Significant Players in the Mortgage Market / Who Knows / Who Put the Thought in the Treasury Secretary’s Head? / Craig Phillips Rising? / A New Hire for StoneHill

Was it Mnuchin’s idea to call the six bank CEOs or did President Trump put him up to it? That storyline has yet to be fully explored…


December 26, 2018 - IMFnews

GSE Seller Buybacks Hit Record Low, Uptick in Unresolved Claims

Buybacks by GSE seller/servicers set a new quarterly low…


December 26, 2018 - IMFnews

CFPB Details HMDA Data Fields That will be Released Publicly, Opts for Borrower Privacy

The loan originator’s unique identifier assigned by the Nationwide Mortgage Licensing System and Registry will not be disclosed publicly…


December 21, 2018 - Inside The GSEs

Banks Hold $553 Billion of FHLB Advances

Banks held $553.4 billion of Federal Home Loan Bank advances at the end of the third quarter, according to Inside The GSEs analysis of call reports.


December 21, 2018 - Inside The GSEs

GSEs G-Fees Held Steady in 2017, FHFA Says in Annual Report

The average guarantee fee charged by Fannie Mae and Freddie Mac was unchanged at 56 basis points in 2017, according to an annual report from the Federal Housing Finance Agency.


December 21, 2018 - IMFnews

Securitization Rates Nudge Higher in 3Q18 as Issuance Catches Up with Primary Market

The securitization rate increased to 71.6 percent in 3Q18 compared to 65.0 percent in the previous period…


December 21, 2018 - IMFnews

ARM Share Drops in the Third Quarter

The ARM share typically goes up when interest rates rise, but not this time around…


December 20, 2018 - IMFnews

Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritized single-family mortgages in portfolio as of Sept. 30…


December 19, 2018 - IMFnews

PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…


December 18, 2018 - IMFnews

ARM Share Drops in the Third Quarter

The ARM share typically goes up when interest rates rise, but not this time around…


December 17, 2018 - IMFnews

MBS Trading Hammered. Will the Stock Market Carnage Continue, Leading to Lower Rates?

The latest reading is a sign that liquidity is suffering and the creation of new agency securities is in the doldrums...


December 14, 2018 - IMFnews

Non-Agency MBS Outstanding Nears the End of an 11-Year Tunnel

Roughly $458.6 billion of single-family non-agency MBS were outstanding at September 30, a scant 0.1 percent drop from June…


December 13, 2018 - IMFnews

Mr. Cooper Lands New Vice Chair and CFO – for $4.3 Million a Year

Marshall has a long resume in financial services, including stays at Bank of America, The Blackstone Group and other shops…


December 13, 2018 - IMFnews

Home-Equity Lending Still Can’t Gain Traction Despite Strong Residential Values

The home-equity market peaked back in 2007 at $1.133 trillion in outstandings. It has been in an 11-year swoon since then.


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…


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