Non-Mortgage ABS Issuance Slowed in 2Q18, but Production is Ahead of Last Year’s Pace July 27, 2018 John Bancroft Most of the major product categories had some slippage in the second quarter.Read More
Mortgage Originations Rebounded in 2Q18, but Market Lags 2017 Production July 26, 2018 John Bancroft An estimated $445.0 billion of first-lien home loans were originated during the second quarter, an 18.7 percent sequential gain…Read More
Nonbanks Continue Gaining Share in GSE Servicing Business July 23, 2018 John Bancroft The top grower in the nonbank world was Freedom Mortgage, which upped its GSE servicing by $19.36 billion, 29.7 percent…Read More
A Post-Crisis High for Non-Agency MBS Issuance: $20.7B for 2Q18 July 20, 2018 John Bancroft Slightly over half were deals backed by newly originated mortgages…Read More
Strong Purchase Market in 2Q18 Buoys Mortgage Insurance Firms July 19, 2018 John Bancroft FHA officials have fretted about rising DTI ratios for some time…Read More
Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction July 16, 2018 John Bancroft, Brandon Ivey, and Paul Muolo Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...Read More
Mixed Trends for Residential MBS Issuance Halfway Through 2018 July 13, 2018 John Bancroft Some $315.95 billion of single-family MBS was issued in the second quarter, up 8.2 percent from the previous quarter, according to Inside MBS & ABS. Read More
GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In July 12, 2018 John Bancroft All of the growth in GSE volume came from the purchase-mortgage side of the business…Read More
Agencies Leaning More on the ‘QM Patch’ July 9, 2018 John Bancroft The share of high-DTI loans has continued to go up this year…Read More
Purchase Market Springs to Life in 2Q18, Freddie Regains Market Share July 9, 2018 John Bancroft The net result was a strong gain in Freddie’s share of the GSE market…Read More