Mortgage Originations Mortgage Origination Activity Mortgage Market Statistical Annual 2017 Yearbook Table of Contents Mortgage Origination Indicators: 1995-2016... 3 Mortgage Originations by Product: 2000-2016... 4 Originations by Production Channel: 2000-2016... 5 Channel-Loan Type Detail 2015-2016... 6 Jumbo Mortgage Originations: 2008-2016... 6 Mortgage Originations by State (HMDA Data): 2015... 7 Jumbo Mortgage Originations by State (HMDA Data): 2015... 8 Top Mortgage Originators Top Mortgage Lenders: 2016... 9 Top Direct-Funded Originators: 2016... 11 Top Retail Originators: 2016... 12 Top Third-Party Origination Channels: 2016... 12 Top Correspondent Channels: 2016... 13 Top Broker Channels: 2016... 13 Top Purchase-Mortgage Producers: 2016... 14 Top Refinance-Mortgage Producers: 2016... 15 Top Lender Channel/Loan Purpose Detail: 2016... 16 Top Conventional-Conforming Producers: 2016... 17 Top Government-Insured Producers: 2016... 17 Top Conventional-Conforming Lenders Channel Analysis: 2016... 18 Top Government-Insured Lenders Channel Analysis: 2016... 19 Top ARM Producers: 2016... 20 Top Non-Agency Jumbo Mortgage Producers: 2016... 21 Top Jumbo Lenders Channel Analysis: 2016... 22 Top Originators of Securitized Jumbo Mortgages: 2016... 23 Top Interest-Only Originators: 2016... 24 Top Federally Insured Credit Union Mortgage Originators: 2016... 25 Home-Equity Originations Top HEL Originators: 2016... 26 Government-Insured Lending FHA Trends: 2009-2016... 27 Top FHA Lenders: 2016... 28
Top VA Lenders: 2016... 30 Top HECM Lenders: 2016... 32 Top FHA Jumbo Lenders: 2016... 34 Streamlined FHA Refinances by Lender: 2016... 36 FHA Production by State: 2016... 37 Streamlined FHA Refinances by State: 2016... 38 VA Production by State: 2016... 39 USDA Production by State: 2016... 40 Mortgage Servicing Mortgage Servicing 1-4 Family Mortgage Servicing Outstanding: 2003-2016... 43 Trends in Mortgage Servicing: 2016... 43 Top Mortgage Servicers Top Mortgage Servicers: 2016... 44 Top Agency MBS Servicers: 2016... 46 Top GSE MBS Servicers: 2016... 48 Top MSR Buyers in Coissuance: 2016... 50 Top Ginnie Mae Issuer/Servicers: 2016... 51 Top Ginnie Mae Issuer/Servicers: FHA Loans: 2016... 52 Top Ginnie Mae Issuer/Servicers: VA Loans: 2016... 53 Top Jumbo Servicers: 2016... 54 Top Subprime Mortgage Servicers: 2016... 55 Top Mortgage Subservicers Top Residential Subservicers: 2016... 55 Mortgage Delinquency Rates Large Mortgage Servicer Delinquency Rates: 2016... 56 Large Servicer Delinquency Index: 2016... 57 Delinquency Status of FHA and VA Loans in Ginnie Mae MBS: 2014-2016... 58 Mortgage Portfolio and Servicing Rights Bank/Thrift MSR Trends: 2016... 59 Agency Servicing Transfers: 2015-2016... 61 Top Players in Agency MSR Transfers: 2016... 62 Top Bank/Thrift First-Lien Residential Mortgage Portfolios: 2016... 63 Home-Equity Lending Activity: 1999-2016... 65
Top Depository Institutions in Total HEL Business: 2016... 66 Private Mortgage Insurance Private Mortgage Insurance Activity Primary Mortgage Insurance Activity: 2004-2016... 71 Primary Mortgage Insurance for Purchase Mortgages by State: 2016... 72 Total Private MI New Insurance Written: 2016... 73 Traditional Private MI New Insurance Written: 2016... 73 Private MI Earnings: 2016... 74 Trends in GSE MI-Insured Business: 2013-2016... 75 Top Sellers of GSE Loans with Private MI: 2016... 76 Mortgage and Asset Securitization The Mortgage-Related Security Market Mortgage and Asset Securities Issuance: 1990-2016... 81 Outstanding Mortgage Securities: 2000-2016... 82 The ARM Security Market ARM Securitization by MBS Type: 1986-2016... 83 Mortgage Securitization Rates Securitization Rates for Home Mortgages: 2006-2016... 84 Agency MBS/Secondary Activity Agency MBS/Secondary Activity Agency MBS Trends: 2012-2016... 87 Agency Purchase-Mortgage Trends: 2013-2016... 88 Agency Refinance-Mortgage Trends: 2013-2016... 88 GSE Market Share: 2000-2016... 89 GSE MBS Characteristics: 2005-2016... 90 GSE MBS Trends: 2009-2016... 92 GSE MBS Trends by Month: 2012-2016... 93 GSE New Business Trends by Loan Purpose: 2014-2016... 95 GSE Refinance Business: 2009-2016... 95 GSE Production by State: 2016... 96 GSE MBS Business by Seller Type: 2013-2016... 97
GSE Risk Distribution: 2014-2016... 98 GSE Loss Mitigation Activity: 2008-2016... 99 Fannie Mae Business Summary: 2005-2016... 100 Freddie Mac Business Summary: 2005-2016... 101 Fannie Mae Mortgage Activity: 2016... 102 Freddie Mac Mortgage Activity: 2016... 102 Fannie Mae Securities Activity: 2016... 103 Freddie Mac Securities Activity: 2016... 103 Ginnie Mae MBS Issuance by Guarantor: 4Q14-2016... 104 Ginnie Mae MBS Issuance by Issuer Type: 2016... 104 Top Agency Sellers Top Agency MBS Producers: 2016... 105 Top Agency Conforming-Jumbo Sellers: 2016... 107 Top Agency Seller/Servicers by Channel: 2016... 109 Top Agency Purchase-Mortgage Sellers: 2016... 111 Top Agency Purchase-Mortgage Sellers for First-Time Homebuyers: 2016... 113 Top Agency Refinance-Mortgage Sellers: 2016... 115 Top Agency Sellers of Third-Party Originations: 2016... 117 Top Agency Sellers of Adjustable-Rate Originations: 2016... 119 Top GSE Sellers: 2016... 121 Top Mortgage Sellers to Fannie Mae: 2016... 123 Top Mortgage Sellers to Freddie Mac: 2016... 124 Top Ginnie Mae Issuers: 2016... 125 Top Ginnie Mae Issuer Profile: 2016... 127 Top Ginnie Mae Issuers of FHA Mortgages: 2016... 129 Seller Profile: FHA Loans Securitized in Ginnie Mae MBS: 4Q16... 130 Top Ginnie Mae Issuers of VA Mortgages: 2016... 131 Seller Profile: VA Loans Securitized in Ginnie Mae MBS: 4Q16... 132 Top Ginnie Mae Issuers of USDA Rural Housing Loans: 2016... 133 GSE Repurchase Activity GSE Reps & Warranties Repurchase Activity: 2009-2016... 134 GSE Repurchase Activity by Vintage: 4Q16... 134 GSE Buyback Activity by Institution: 2016... 135 GSE Risk-Transfer Activity GSE Risk-Transfer Activity: 2013-2016... 136
The Agency-Backed CMO/REMIC Market Agency-Backed REMIC/CMO Issuance: 2016... 137 Agency-Backed REMIC/CMO Underwriters: 2016... 137 Agency-Backed CMOs/REMICs: 2016... 138 Non-Agency MBS Activity The Non-Agency Mortgage Security Market Non-Agency MBS Issuance by Type: 2003-2016... 149 Top Non-Agency MBS Issuers and Underwriters: 2016... 150 Non-Agency MBS Activity: 2016... 151 The Jumbo Mortgage Security Market Jumbo Mortgage Securitization: 2002-2016... 152 Jumbo MBS Characteristics: 2013-2016... 153 Top Non-Agency Jumbo MBS Issuers and Underwriters: 2016... 154 Non-Agency MBS Ratings Non-Agency MBS Ratings by Company: 2014-2016... 154 MBS and Mortgage Investor Activity Mortgage-Related Security Investors Mortgage-Related Security Holdings by Investor: 2016... 157 Foreign Holdings of U.S. MBS and ABS: 2016... 158 Commercial Bank Mortgage Security Holdings: 2000-2016... 159 Bank and Thrift MBS Holdings: 2000-2016... 160 Top Bank and Thrift MBS Investors: 2016... 161 Top Credit Union MBS Investors: 2016... 163 Top REIT MBS Investors: 2016... 164 GSE Mortgage Securities Holdings: 2005-2016... 165 GSE Involvement in the Non-Prime Market: 2014-2016... 166 FHLBank MBS Investments: 2016... 166
ABS Activity The Non-Mortgage Asset-Backed Security Market Non-Mortgage ABS Issuance by Asset Type: 2001-2016... 169 Non-Mortgage ABS Production by Collateral Type and Credit Enhancement: 2016... 170 Non-Mortgage ABS Issuers and Underwriters by Deal Type: 2016... 171 Top Non-Mortgage ABS Issuers and Underwriters: 2016... 172 Bank/Thrift ABS Holdings: 2007-2016... 173 Top Bank/Thrift ABS Holdings: 2016... 174 Non-Mortgage ABS Ratings by Company: 2014-2016... 175 Non-Mortgage Asset-Backed Securities Issued: 2016... 176 Commercial MBS Activity The Commercial Mortgage Security Market Commercial MBS Activity: 2001-2016... 183 Commercial MBS Transactions: 2016... 184 Funding Activity Top Warehouse Lenders: 2016... 189 Top Bank/Thrift Borrowers of FHLBank Advances: 2016... 190 Earnings and Financials Mortgage Profitability, Earnings and Repurchase Activity Mortgage Profitability: Production vs. Servicing: 2016... 195 Mortgage Earnings Snapshot: 2016... 196 Bank Mortgage Banking Activity: 2007-2016... 197 Mortgage-Industry Income: 2016... 198 Bank Mortgage Banking Earnings: 2016... 199 Bank Mortgage Sales Activity: 2016... 201 Bank/Thrift Mortgage Repurchase Activity: 2016... 203 GSE Earnings and Financials GSE Earnings: 2000-2016... 205 FHLBank System Financials: 2016... 207
Regulatory Data Consumer Financial Protection Bureau Trends in Mortgage-Related Consumer Complaints: 4Q11-2016... 211 Mortgage-Related Consumer Complaints by Institution: 2016... 212 Mortgage-Related-Exams Performed by the CFPB: 2014-2016... 213 Mortgage Rates, Terms and Financing Mortgage Rates and Terms Comparison of Fixed and Adjustable Mortgage Rates: 2008-2016... 217 National Average Mortgage Contract Rates by Home Type: 2011-2016... 220 Government-Related Mortgage Limits Government-Related Mortgage Limits: 1980-2017... 221 New Home Sales by Type of Financing New Homes Sold by Financing Type: 1996-2016... 222 Median Price of New Homes Sold by Financing: 1982-2016... 223