Nonbank Agency Seller Servicers: First Quarter 2015 Spreadsheet Format

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With each quarter, more of the mortgage business moves to nonbanks. In 1Q15, nonbanks accounted for 43.3 percent of originations made by the top 40 lenders, while in 2011 they claimed just 7.5 percent.

In the servicing end of the business, nonbanks held 29 percent of the top 50’s portfolio at the end of the first quarter, up from 27 percent a year earlier.

Learn more about the nonbanks in the mortgage business by exploring their agency production and servicing. In its new quarterly report, Nonbank Agency Seller Servicers, Inside Mortgage Finance lists the nondepositories selling to Fannie Mae, Freddie Mac and Ginnie Mae or servicing agency loans and provides particulars of their agency business.

The 1Q15 report looks at more than 480 nonbanks and reports on their activity. You’ll find:

• Ranking of sellers by volume, with detail on their market share and breakouts by agency, channel, and loan purpose.
• Lender-by-lender accounting of average loan characteristics such as credit score, loan-to-value ratio, debt-to-income ratio and loan size for each agency.
• Breakout of government-insured coverage for each Ginnie Mae issuer.
• Ranking of servicers by volume of agency loans serviced and breakouts (volume and market share) by agency.

From Nonbank Agency Seller Servicers: First Quarter 2015, you would learn:

• Gateway Mortgage Group grabbed 0.2 percent of the total agency business in the first quarter. Two-thirds of its $503 million in sales were purchase loans, and 40 percent of its sales originated with correspondents.
• Across all sellers, bank and nonbank, the average credit score for loans sold to Fannie Mae was 745.5 and to Freddie Mac was 747.5. The averages for all nonbanks were just points below these marks. And within the universe of nonbank sellers to Fannie Mae, the average was almost unfailingly in the 700 to 799 pool. But the picture was far more varied when nonbanks sold their loans to Freddie Mac. For example, Freedom Mortgage Corp. clocked an average FICO of 645.0 while Wendover Financial Services came in at 804.0.
• VA guaranties backed the bulk of sales from several lenders, including Mortgage Research Center where all loans had VA coverage, New Day Financial (99.4 percent), and United Security Financial Corp. (95.6 percent).
• Of the $31.4 billion in agency loans that Franklin American Mortgage serviced at the end of the first quarter, $12.7 billion were Fannie loans, $11.0 billion were Freddie’s, and $7.7 billion were Ginnie’s.

Find the nonbanks that would be your ideal partners and prospects. Order Nonbank Agency Seller Servicers today.