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
DBRS Tops in Non-Agency MBS Ratings, Fitch Has Strong Showing as Well March 26, 2018 John Bancroft Fitch had a good year too, rating $17.51 billion of non-agency MBS…Read More
Fannie and Freddie Witness High-DTI Loan Growth in 2017 March 23, 2018 John Bancroft Fannie Mae adjusted its automated underwriting services last summer to make more loans with higher debt-to-income ratios eligible for approval without lenders needing to provide compensating factors.Read More
Ginnie and Freddie Drive Agency Servicing Increases in 2017, Nonbanks Expanding March 22, 2018 John Bancroft The mortgage servicing business racked up its third consecutive year of steady growth in 2017.Read More