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
Mortgage Profits at Depositories Tumbled 29 Percent in 2017 February 6, 2018 John Bancroft Many lenders cited increased competition in a declining market for the weaker results…Read More
GSE Single-Family Business Off to a Weak Start in January February 5, 2018 John Bancroft It was the GSEs’ weakest monthly output since May 2017…Read More
GSE Credit-Risk Transfers Slowed Significantly in 4Q17 February 2, 2018 John Bancroft Fannie and Freddie issued just $2.01 billion of structured credit notes during the fourth quarter, a sharp 44.5 percent drop from the previous period…Read More
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