It May be a Trying Time for Mortgages, but ABS Issuance Roars Out of the Starting Gate in Early 2018 April 20, 2018 John Bancroft It was the best showing for ABS since the second quarter of 2008…Read More
Nonbanks Continue to Gobble Up More of the Agency Servicing Market April 19, 2018 John Bancroft Nonbank servicing of agency MBS has nearly doubled since March 2014… Read More
Early 2018 Brings More Volatility to GSE Single-Family Rivalry April 16, 2018 John Bancroft In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”Read More
Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise April 13, 2018 John Bancroft During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…Read More
Private MI Loan Volume Down Sharply in 1Q18 April 12, 2018 John Bancroft The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…Read More
Ginnie MBS Production Tumbled to Three-Year Low in 1Q18 April 11, 2018 John Bancroft The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.Read More
All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent April 6, 2018 John Bancroft But Freddie Mac’s 37.2 percent drop was the biggest, by far…Read More
GSE Market Thuds to a Two-Year Low in 1Q18 April 5, 2018 John Bancroft The $81.35 billion in first-quarter Fannie/Freddie refi business was the lowest such total since the third quarter of 2014…Read More
Trouble Brewing for Fannie and Freddie in High DTI Market? April 4, 2018 John Bancroft MGIC, Radian, Essent and National MI all announced that they would no longer insure loans with DTI ratios over 45 percent and credit scores below 700…Read More
On the Rise: Correspondent Market Share April 2, 2018 John Bancroft Acquiring government-insured loans from correspondent lenders has been a huge part of the Ginnie Mae market in recent years… Read More