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Home » Authors » John Bancroft

Articles by John Bancroft

The Final (Amazing) Tally for 2Q20: $865 Billion, a 17-Year High

July 23, 2020
John Bancroft

The top gainer among the 20-largest originators: Guaranteed Rate of Chicago...


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A Slight Increase in Mortgage Repurchases by Depositories

July 23, 2020
John Bancroft

The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.


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The Pandemic Effect? GSE FICO Scores Head North in 2Q20

July 22, 2020
John Bancroft

Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter.


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Data Reveals a Shift From Servicing-Released to Servicing-Retained

July 20, 2020
John Bancroft

The top five servicers saw a combined 2.8% drop in MSRs...


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GSE Servicing Fragments in 2Q20, Forbearance Totals Up

July 17, 2020
John Bancroft
Hundreds of smaller GSE sellers retained more servicing in the second quarter than they usually do, setting the stage for increased bulk MSR trades when buyers get more confident. (Includes two data charts.)
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GSE Refi Market Leans to Lower-Risk Loans in 2Q20

July 17, 2020
John Bancroft
Only 9.2% of refi loans sold to Fannie and Freddie in the second quarter had credit scores below 700, the lowest such concentration on record. (Includes two data charts.)
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California Loses Ground in Surging 2Q20 MI Market

July 17, 2020
John Bancroft
The Golden State still ranked tops in most primary mortgage insurance categories during the second quarter, but Texas gained in many products. (Includes data chart.)
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Bank Mortgage Repurchases Stay Low, But Rise in 1Q20

July 17, 2020
John Bancroft
Bank home-mortgage repurchases totaled just $372.6 million in the first quarter of 2020, the second-lowest total on record. (Includes data chart.)
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Private MI Firms Gain Market Share in 2Q20

July 17, 2020
John Bancroft

The biggest gain in the government market was in VA loans, where quarterly volume was up 23.5%...


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Non-Agency RMBS Issuance Hit Hard by COVID in 2Q20

July 16, 2020
John Bancroft
Securitization of expanded-credit mortgages was the only non-agency sector to see increased issuance during the tumultuous second quarter of 2020. Jumbo and scratch-and-dent production fell sharply from the first quarter. (Includes two data charts.)
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