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 Paul Muolo, John Bancroft, and Brandon Ivey 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
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