Ginnie Issues Warning to Servicers, Some Could be Terminated for High Delinquencies February 2, 2018 John Bancroft New agency guidance makes clear that issuers are expected to make an ongoing investment in servicing capability…Read More
Nonbanks Reach Another MSR Milestone: A 43 Percent Market Share Among the Top 50 February 1, 2018 John Bancroft The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…Read More
Record Year for Commercial MBS, Freddie Mac a Standout January 26, 2018 John Bancroft Remarkably, Freddie Mac knocked out roughly $34.60 billion in multifamily MBS – over half of its total for the year – during the fourth quarter...Read More
Home Lending Tapered Off in 4Q17, but Full Year Better Than Expected January 25, 2018 John Bancroft Residential lenders funded $1.810 trillion of home mortgages in 2017, beating expectations…Read More
Refinancings Boost GSE Volume in 4Q17 January 25, 2018 John Bancroft Growth was strongest in the wholesale-broker channel…Read More
GSE Servicing Market Became More Top-Heavy in Fourth Quarter January 24, 2018 John Bancroft Chase Home Finance still held second place in the GSE servicing arena, though its portfolio has been shrinking slightly…Read More
A Delinquency Crisis: Hurricanes Wreak Havoc on FHA Performance. Nearly 30 Percent of FHA PR Loans ‘Past Due’ January 23, 2018 John Bancroft A staggering 15.8 percent of the island commonwealth’s FHA loans were more than 90 days late as of Dec. 31, and another 13.0 percent were 30-90 days in arrears.Read More
A Boom Year for Mortgage Servicing Transfers, Though 4Q Cooled Somewhat January 22, 2018 John Bancroft The bulk market was dominated by New Residential Mortgage…Read More
Non-Mortgage ABS Issuance Hit a Post-Crisis High in 2017 January 19, 2018 John Bancroft Total non-mortgage ABS production climbed to $211.72 billion in 2017, the market’s strongest year for new issuance since 2007…Read More
The Trend is Clear: Nonbanks Poised to Have a 50 Percent Agency MSR Share January 18, 2018 John Bancroft The nonbank share of agency servicing grew by 4.7 percentage points during 2017.Read More