The Megabank Mortgage Roundup: 4Q Reveals Some Up, Some Down January 19, 2015 John Bancroft Two of the four, Chase and BofA, reported increased originations during the fourth quarter. At Chase, production was up 8.5 percent...Read More
Non-Agency MBS Issuance Finished Strong in 2014, But… January 15, 2015 John Bancroft Securitization of nonperforming and re-performing mortgages accounted for just over half of total non-agency MBS production in 2014.Read More
GSE Securitization of Insured Mortgages Down Slightly in 4Q; HARP Ugly January 15, 2015 John Bancroft The biggest decline in MI business during the fourth quarter came in loans refinanced through the Home Affordable Refinance Program.Read More
Asset Securitization Plunge in 2014 – Blame it on Agency MBS January 9, 2015 John Bancroft There was one piece of good news: Freddie Mac managed to boost its share of the GSE market up to 40.6 percent for all of 2014.Read More
GSE Securitizations Down Ever So Slightly in 4Q January 8, 2015 John Bancroft It was the strongest refi volume of the year, and it helped offset a 9.8 percent drop in purchase-mortgage securitization over the same period.Read More
California Still Loves Loan Brokers – A Lot January 6, 2015 John Bancroft Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...Read More
Mortgage Sales by Depositories Spike 25 Percent January 5, 2015 John Bancroft In 3Q the top seller of mortgages into the secondary market was Wells Fargo with $39.29 billion, a 12.7 percent sequential improvement.Read More
Worry Wall: GSE Buybacks Tied to 2013 Production on the Rise December 30, 2014 John Bancroft The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.Read More
In a Stalled MBS Market, Heavy Hitters Increase Their Holdings December 18, 2014 John Bancroft On the supply side, there were $5.63 trillion of single-family MBS guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae outstanding at the end of September.Read More
Home-Equity Lending – the Fastest-Growing Segment of the Mortgage Market December 18, 2014 John Bancroft Lenders funded an estimated $20 billion of new home-equity lines of credit during the third quarter, a 17.6 percent gain from 2Q, according to IMF.Read More