Third-Party Lenders Account for Out-Sized Share of FHA/VA Market September 25, 2018 John Bancroft However, some large commercial banks are willing to remain in the market through correspondent arrangements…Read More
Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business September 20, 2018 John Bancroft More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…Read More
Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack September 20, 2018 John Bancroft The central bank could lose its kingpin status if commercial banks continue buying…Read More
A Surge in Jumbo Correspondent Acquisitions September 19, 2018 John Bancroft Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…Read More
GSE Purchase Business Up Again, but Refis Rise as Well September 17, 2018 John Bancroft The refi surge may be attributable to more cash-out transactions.Read More
REITs Continue to Grow MBS Investments, However… September 14, 2018 John Bancroft With agency MBS spreads remaining tight, Annaly has put more emphasis on commercial real estate and whole-loan acquisitions…Read More
Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential September 13, 2018 John Bancroft Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…Read More
Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017 September 12, 2018 John Bancroft Through the first eight months of the year, Ginnie issuance was down 11.0 percent...Read More
First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up… September 6, 2018 John Bancroft The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…Read More
Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High September 6, 2018 John Bancroft August often sets the high-water mark for annual purchase-loan business for the agencies…Read More