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Home » Authors » John Bancroft

Articles by John Bancroft

Defying the Odds: Yet Another New Quarterly Origination Record

April 29, 2021
John Bancroft

The top three home lenders in the first quarter: Quicken Loans, PennyMac Financial Services and Wells Fargo. UWM and Freedom Mortgage were a close fourth and fifth, respectively.


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Prepayments Continue to Drive Ginnie Mae Removals

April 28, 2021
John Bancroft

Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.


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Sharp Decline in GNMA MBS Delinquency Rates in 1Q21

April 23, 2021
John Bancroft
Ginnie Mae delinquency rates fell across the board during the first quarter of 2021, though still higher than a year ago. Solid growth in the VA market could not offset slumping FHA servicing. (Includes four data charts.)
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Prepayments Continue to Drive GNMA Removals

April 23, 2021
John Bancroft
Freedom Mortgage removed $32.1 billion of home loans from Ginnie MBS during the first quarter, mostly due to borrower payoffs. (Includes data chart.)
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1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold

April 23, 2021
John Bancroft

Driving the improvement (no pun intended): the auto lending and leasing sector.


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ABS Market Roars in 2021, Issuance Hits 16-Year High

April 22, 2021
John Bancroft
Production of vehicle-finance and business ABS was up sharply in the first quarter. A transaction backed by future cash flows from an airline rewards program played a big part, while student loan and consumer ABS markets also posted big gains. (Includes two data charts.)
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Agency MI Market Contracts as Purchase Lending Slows

April 22, 2021
John Bancroft
The seasonal housing market slowdown had a bigger impact on private MI business in the first quarter. New restrictions on Fannie/Freddie acquisitions of purchase loans with layered credit risk may hit the private MI sector the hardest. (Includes three data charts.)
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Agency MI Market Retrenches in 1Q but Remains Robust Overall

April 22, 2021
John Bancroft

Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume.


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Short Takes: In Demand: MSR Portfolios / Better Marks / The Benefits of Bank Ownership / FHFA Hires FDIC Vet Steckel / Correction on Ginnie Transfers

April 21, 2021
Paul Muolo, John Bancroft, and Dennis Hollier

It's a good time to sell mortgage servicing rights...


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Agency Delinquency Rates Decline Sharply in 1Q21

April 20, 2021
John Bancroft

The combined overall delinquency rate for Fannie and Freddie dropped to 2.57% at the end of March...


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