Treasury Backs Major Tech Developments for Mortgage Industry, Clarity on FCA Claims August 2, 2018 John Bancroft and George Brooks A new Treasury report backs Trump administration proposals to fund FHA technology upgrades…Read More
Servicing Market Continues Deconsolidation Trend, Big Banks Keep Slipping August 2, 2018 John Bancroft The biggest gainer among the top 50: New American Funding in California…Read More
FHA/VA Serious Default Rates Down in 2Q18 July 30, 2018 John Bancroft FHA officials are worried about rising concentrations of higher-risk loan characteristics…Read More
Non-Mortgage ABS Issuance Slowed in 2Q18, but Production is Ahead of Last Year’s Pace July 27, 2018 John Bancroft Most of the major product categories had some slippage in the second quarter.Read More
Mortgage Originations Rebounded in 2Q18, but Market Lags 2017 Production July 26, 2018 John Bancroft An estimated $445.0 billion of first-lien home loans were originated during the second quarter, an 18.7 percent sequential gain…Read More
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