Surprise: Production-Related Activity Saw Profit Boost in 3Q18 December 27, 2018 John Bancroft However, servicing income was down substantially…Read More
GSE Seller Buybacks Hit Record Low, Uptick in Unresolved Claims December 26, 2018 John Bancroft Buybacks by GSE seller/servicers set a new quarterly low…Read More
Securitization Rates Nudge Higher in 3Q18 as Issuance Catches Up with Primary Market December 21, 2018 John Bancroft The securitization rate increased to 71.6 percent in 3Q18 compared to 65.0 percent in the previous period…Read More
SIFMA Meets with White House Officials on GSE Single-Security Initiative December 21, 2018 John Bancroft The Wall Street group’s advisory council on TBA guidelines met earlier this week with several key Trump administration officials...Read More
Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008 December 20, 2018 John Bancroft Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritizedsingle-family mortgages in portfolio as of Sept. 30…Read More
Ginnie Stats Reveal Sharp Increase in FHA Risk Layering Over Two Years December 17, 2018 John Bancroft Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…Read More
Non-Agency MBS Outstanding Nears the End of an 11-Year Tunnel December 14, 2018 John Bancroft Roughly $458.6 billion of single-family non-agency MBS were outstanding at September 30, a scant 0.1 percent drop from June…Read More
Home-Equity Lending Still Can’t Gain Traction Despite Strong Residential Values December 13, 2018 John Bancroft The home-equity market peaked back in 2007 at $1.133 trillion in outstandings. It has been in an 11-year swoon since then. Read More
Retail Lost Share in Major Product Groups December 11, 2018 John Bancroft However, retail remains king of the jumbo sector…Read More
Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise December 10, 2018 John Bancroft At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…Read More