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
Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent December 7, 2018 John Bancroft Agency production last month was buoyed by an increase in securitization of refinance loans…Read More
How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything December 7, 2018 John Bancroft Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…Read More
Purchase-Loan Market Began Softening in 3Q but Experts Anticipate a Rebound December 6, 2018 John Bancroft Purchase loans accounted for over 80.0 percent of third-quarter production at Wells Fargo, PennyMac Financial, Caliber Home Loans, U.S. Bank and Amerihome…Read More
VA Prepares to Move Against Abusive Cash-Out Refis, but Details are Light December 3, 2018 John Bancroft The VA notice says there are “urgent and compelling circumstances” that warrant issuing an interim final rule that will go into effect quickly.Read More
Retail Channel Posted Highest FICO Scores in 3Q18 November 30, 2018 John Bancroft However, average debt-to-income ratios were all over the map…Read More
Bank ABS Holdings Slide Lower in 3Q18 November 30, 2018 John Bancroft Bank investment in ABS backed by commercial and industrial loans grew by 30.6 percent from the midway point in the year.Read More
GSE Purchase Market Lost Steam in October November 28, 2018 John Bancroft Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…Read More
Agency Share of Jumbo Mortgage Lending Increased in 3Q18 November 28, 2018 John Bancroft Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…Read More