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Home » Authors » John Bancroft

Articles by John Bancroft

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.
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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…
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GSE Mortgage Portfolios Continued to Shrink in Second Quarter, Emphasis on Loss Mit and New Issuance

August 24, 2018
John Bancroft
Both government-sponsored enterprises are comfortably within the maximum $250.0 billion mortgage portfolios they are permitted to have under the terms of their conservatorship.
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Correspondent Market Cooling in 2018 As Retail Share Grew in Second Quarter

August 23, 2018
John Bancroft
The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels...
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California Remains a Rich Market for Loan Officers

August 22, 2018
John Bancroft
Overall, California has 99,781 licensed and registered mortgage LOs, far more than any other state…
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GSE Sellers Continued to Stretch the Credit Box (Incrementally) in 2Q18

August 20, 2018
John Bancroft
A year ago, just 12.1 percent of new purchase loans fell into the highest-risk category…
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Declining Refis Take a Bite Out of Fannie/Freddie Business

August 20, 2018
John Bancroft
Most of the month-to-month slump was at Freddie, where MBS production fell 8.9 percent from June.
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Banks and Thrifts Retreat Slightly from MBS Market in 2Q18

August 17, 2018
John Bancroft
Banks still favor Fannie Mae and Freddie Mac pass-through securities, but…
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Mortgage Delinquency Rates Down Sharply in 2Q18

August 17, 2018
John Bancroft
Meanwhile, the Mortgage Bankers Association this week reported a substantial decline in its seasonally adjusted mortgage delinquency data series.
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Jumbo Originations Up Sharply in 2Q18

August 16, 2018
John Bancroft
Wells Fargo, JPMorgan Chase and Bank of America were the top producers of jumbo loans in the second quarter…
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