Securitization Market Limped Through 3Q18 with Help From Agency MBS Issuance October 4, 2018 John Bancroft The major driver was a 16.8 percent jump in Fannie Mae issuance…Read More
Nonbanks Gained Market Share in 2Q18 October 3, 2018 John Bancroft As a result, the nonbank share of new production edged up to 53.9 percent, its highest level since the second quarter of 2017.Read More
Bank MSR Values the Highest They’ve Been Since 2007 October 1, 2018 John Bancroft Banks valued these servicing rights at $46.4 billion, $5.6 billion more than in March…Read More
A Milestone: Nonbanks Pass Banks in MSR for the First Time September 27, 2018 John Bancroft The bank retreat from agency MBS servicing is mostly taking place at the top…Read More
Third-Party Lenders Account for Out-Sized Share of FHA/VA Market September 25, 2018 John Bancroft However, some large commercial banks are willing to remain in the market through correspondent arrangements…Read More
Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business September 20, 2018 John Bancroft More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…Read More
Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack September 20, 2018 John Bancroft The central bank could lose its kingpin status if commercial banks continue buying…Read More
A Surge in Jumbo Correspondent Acquisitions September 19, 2018 John Bancroft Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…Read More
GSE Purchase Business Up Again, but Refis Rise as Well September 17, 2018 John Bancroft The refi surge may be attributable to more cash-out transactions.Read More
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