Conforming-Jumbo Market Grew Faster Than Non-Agency Sector in 3Q17 November 30, 2017 John Bancroft Roughly $119.1 billion of mortgages that exceed the conforming loan limit of $424,100 were produced during the third quarter of 2017…Read More
Banks and Residential MBS – the Love Affair Continued in 3Q17 November 29, 2017 John Bancroft Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…Read More
Publicly Traded Nonbanks Post Earnings Gain for 3Q17 – Thanks to PennyMac November 21, 2017 John Bancroft Excluding PennyMac, the eight remaining nonbanks had a combined $41.21 million net loss on mortgage banking activity…Read More
3Q17 Results: Third-Party Lenders Gained Market Share in a Purchase-Heavy World November 21, 2017 John Bancroft In the broker channel, United Wholesale Mortgage once again dominated…Read More
A Strong October for Freddie, GSE Takes Market Share from Fannie November 20, 2017 John Bancroft Freddie officials stated that the GSE continued to incur market-adjusted pricing costs in the form of lower MBS guarantee fees.Read More
GSE Sellers Take Baby Steps on Risk – but at a Glacial Pace November 20, 2017 John Bancroft This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...Read More
Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17 November 16, 2017 John Bancroft Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...Read More
Mortgage REITs Boost Residential MBS Holdings in 3Q17 November 16, 2017 John Bancroft MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…Read More
Correspondent Share of FHA Loans Nears the 49 Percent Mark November 14, 2017 John Bancroft Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…Read More
Surprise: CMBS Has its Best Issuance Quarter Since 2Q08 November 10, 2017 John Bancroft Fannie, Freddie and Ginnie continued to dominate multifamily activity… Read More