Fannie/Freddie Credit-Risk Transfer Machines Keeping Churning Out New Deals… June 1, 2018 John Bancroft The surge in CRT debt issuance came during a time when new MBS production for the GSEs sank by 19.3 percent. Read More
The GSEs in Conservatorship: Sure Doesn’t Seem Like It June 1, 2018 John Bancroft “We’re partnering with external firms to understand and anticipate their needs,” said Freddie Mac official Kevin Palmer…Read More
First-Time Buyer Share of Purchase-Mortgage Market Up in Early 2018 May 31, 2018 John Bancroft First-time buyers continue to fight the challenges of rising house prices, higher interest rates and depleted inventory… Read More
The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product May 30, 2018 John Bancroft During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.Read More
More Big Swings in GSE Single-Family MBS Business in April May 29, 2018 John Bancroft However, Freddie still has some catching up to do to reach the 40.2 percent GSE share it had last year.Read More
Non-Agency MBS Making Big Strides in 2018 May 29, 2018 John Bancroft And there is significant price tiering in the market…Read More
Bank Holdings of ABS Increase Slightly in First Quarter May 25, 2018 John Bancroft The biggest factor in the small uptick was the significant growth in the two largest ABS portfolios in the industry...Read More
Short Takes: FHFA Punts on MI Volume Discounts / Fannie Considering an IMAGIN of its Own / Home Sales Decline / Refi Business Worse than 2014? May 25, 2018 John Bancroft and Brandon Ivey A senior FHFA official said disputes over private mortgage-insurance pricing likely fall under the jurisdiction of state insurance regulators.Read More
Correspondent Channel Gains Market Share as Originations Decline May 24, 2018 John Bancroft The correspondent channel accounted for 32.9 percent of total first-lien originations, up from a 32.4 percent share the previous quarter.Read More
Mortgage Production Was a Net Loss in 1Q18 as Competition Takes a Toll May 22, 2018 John Bancroft Respondents to the Mortgage Bankers Association's quarterly mortgage banking performance survey reported, in aggregate, a negative margin in the “mid to high single digits” for the first quarter.Read More