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
Banks Increased MBS Holdings in Late 2017, but Individual Trends Differed February 16, 2018 John Bancroft JPMorgan Chase and U.S. Bancorp each took different routes in shrinking their MBS portfolios…Read More
Revised MI Data Show Lower Government Share in 2017 February 16, 2018 John Bancroft With $269.01 billion in flow MI business for the year, private MIs recorded a modest 0.6 percent increase from 2016.Read More
Mortgage Insurers Lost Market Share Late in the Year, but Industry Gained Overall in 2017 February 15, 2018 John Bancroft After surging to an unusually high level of 26.6 percent in 2016, market share for the VA home-loan guaranty program eased to 24.1 percent last year…Read More
Behind the White House’s Request to Shore Up FHA Tech: 73 System Outages in 2017 February 15, 2018 John Bancroft The budget proposal calls for exempting “small lenders” – companies that generate about 20 percent of FHA business – from the IT fee. Read More
The Correspondent Share of the FHA Market: 48.6 Percent February 12, 2018 John Bancroft The correspondent share of the FHA market rose to 48.6 percent last year…Read More
Agency MBS Production Down a Modest 6.9 Percent in January. Turbulence Ahead? February 9, 2018 John Bancroft January volume was the lowest monthly total since May 2017…Read More
Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending February 8, 2018 John Bancroft The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…Read More
Retail Loans Less Risky in Agency Market February 7, 2018 John Bancroft Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios… Read More