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Home » Authors » John Bancroft

Articles by John Bancroft

FHFA Trying to Find a Capital Balance That Can Handle Market Cycles

November 20, 2018
John Bancroft
In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…
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Correspondent Platforms Gained Market Share in 3Q18

November 20, 2018
John Bancroft
Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…
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REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand

November 16, 2018
John Bancroft
Non-agency MBS holdings by REITs grew slightly faster than agency securities…
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Private MIs Gobble Up More Market Share in 3Q18 Despite Growth in FHA Sector

November 15, 2018
John Bancroft
Arch Mortgage Insurance led the pack in terms of new insurance written in 3Q18 with $21.43 billion, followed by Radian Guaranty ($15.78 billion), and MGIC ($14.57 billion).
Read More

Nonbank Profits a Mixed Affair in Third Quarter

November 14, 2018
John Bancroft
Ocwen Financial has not been a model of prosperity...
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GSE Credit Box Opened Slightly Wider in 3Q18

November 12, 2018
John Bancroft
The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.
Read More

Agency Single-Family MBS Production Softened in October as Purchase Market Deflated

November 9, 2018
John Bancroft
Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…
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Single-Security Transition is on Schedule, but Some Investors May Prefer One GSE Over the Other

November 9, 2018
John Bancroft
The grand concept behind the single security is that MBS issued by Fannie and Freddie will be fully fungible and interchangeable.
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Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend

November 8, 2018
John Bancroft
A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…
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Mortgage Brokers Gain Share in FHA Lending, but Lose Ground on VA

November 5, 2018
John Bancroft
United Shore Financial Services ran the top FHA wholesale-broker program, generating $1.53 billion during the third quarter.
Read More
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