Agency MBS Production Slumped in February March 9, 2018 John Bancroft Higher mortgage interest rates are squashing the refinance sector…Read More
‘Big Ticket’ Mortgage Lending Lost Market Share in 2017 March 8, 2018 John Bancroft An estimated $437.84 billion of home loans greater than the $424,100 benchmark agency limit were originated in 2017…Read More
GSE Loan Buybacks Fell Sharply in 4Q17, Second Lowest Reading Ever March 5, 2018 John Bancroft Wells Fargo led the pack in GSE buyback activity for the fourth quarter…Read More
The Seasonal Downturn Strikes: GSE Production Declined in February March 5, 2018 John Bancroft Business levels at the two were not the same: Fannie MBS issuance was down 14.1 percent from January, while Freddie production was up 0.5 percent… Read More
Mortgage REITs Continue to Build MBS Portfolios, a 17 Percent Gain for the Year March 2, 2018 John Bancroft Redwood Trust grew its non-agency holdings by an impressive 38 percent…Read More
Purchase-Mortgage Lending Turns in its Best Year Since 2006 March 1, 2018 John Bancroft An estimated $1.148 trillion of home-purchase mortgages were originated in 2017, a 10.7 percent increase from the prior year.Read More
Bank Interest in ABS Continues to Wane February 23, 2018 John Bancroft The bank share of ABS outstanding declined to 15.2 percent at Dec. 31…Read More
Refi Bump Helped Boost Retail Share in Late 2017, Correspondent Suffered February 22, 2018 John Bancroft Wells Fargo was the top retail and correspondent lender in 2017 while United Wholesale Mortgage took home the gold in the wholesale/broker category…Read More
FHFA Establishes ‘Minimum’ Return on Equity Goals for Fannie and Freddie, Sparking New Speculation February 22, 2018 Paul Muolo and John Bancroft According to their financial disclosures and company officials, both GSEs saw a sharp decline in the average guarantee fee they charged on new MBS issued during the fourth quarter…Read More
GSE Credit Box Continues to Loosen, but Not by Much February 20, 2018 John Bancroft Borrowers with credit scores below 700 accounted for 22.03 percent of GSE purchase loans last year…Read More