REITs Continue to Grow MBS Investments, However… September 14, 2018 John Bancroft With agency MBS spreads remaining tight, Annaly has put more emphasis on commercial real estate and whole-loan acquisitions…Read More
Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential September 13, 2018 John Bancroft Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…Read More
Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017 September 12, 2018 John Bancroft Through the first eight months of the year, Ginnie issuance was down 11.0 percent...Read More
First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up… September 6, 2018 John Bancroft The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…Read More
Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High September 6, 2018 John Bancroft August often sets the high-water mark for annual purchase-loan business for the agencies…Read More
GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew September 4, 2018 John Bancroft Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.Read More
Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show September 4, 2018 John Bancroft For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…Read More
Bank ABS Investment Rebounds in 2Q18 August 28, 2018 John Bancroft In fact, bank ABS investment began to taper off at about the same time the supply of ABS outstanding began to grow again.Read More
IRS Gives GSE Single-Security Project a Boost August 27, 2018 John Bancroft The tax code includes several provisions that address whether the exchange of property is subject to taxation. Read More
FHA Forward Production Increases, but HECM Originations Slide August 27, 2018 John Bancroft HECM originations plunged 40.9 percent in the second quarter as tighter reverse-mortgage regulations limited the product’s appeal to borrowers…Read More