DBRS Tops in Rating Non-Agency MBS July 5, 2018 John Bancroft Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…Read More
Nonbanks Increasingly Taking Over Agency MBS Production June 29, 2018 John Bancroft The tally: nonbanks grew their GSE business by 1.5 percent during the first five months of the year. Banks retrenched by 16.2 percent… Read More
More Pain, No Gain for Nation’s Largest Home Lenders June 28, 2018 John Bancroft With loan production hitting a wall at the megabanks, layoffs are likely to ensue...Read More
Bank Loan Sales Down Sharply in First Quarter, JPM Especially June 27, 2018 John Bancroft Second-ranked JPMorgan Chase reported a hefty 48.3 percent decline in mortgage sales. Read More
A Spike in Fannie Mae Loan Repurchases June 26, 2018 John Bancroft Virtually all of the repurchase activity is now focused on newer production.Read More
FHA Officials Raise Concerns about Rising DTI Ratios, Risk Layering June 25, 2018 John Bancroft At the same time, there has been an increase in the share of loans with downpayment assistance…Read More
Securitization Rate Holds Steady in Early 2018, but GSEs Lost Market Share June 22, 2018 John Bancroft Mortgage lenders started diverting high-balance GSE-eligible loans into non-agency MBS last year…Read More
The Bank Retreat from the MSR Market Begins to Slow June 21, 2018 John Bancroft Also, credit unions and thrifts both increased their MSR holdings...Read More
MBS Outstanding on a Steady Growth Track. Ginnie MBS Balance: $1.83 Trillion June 15, 2018 John Bancroft Year over year, MBS outstanding grew by 4.8 percent, according to a new tally from Inside MBS & ABS… Read More
Jumbo Mortgage Production Down Sharply in First Quarter June 14, 2018 John Bancroft Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America…Read More