Seasonality Slowed Purchase Lending in 1Q17, but Outlook Still Strong for 2017 June 1, 2017 John Bancroft Agency MBS data suggest the purchase market hit its low spot in January and has been slowing building momentum ever since…Read More
Depositories Increased Their MBS Holdings in 1Q17 – With a Boost from Large Thrifts May 26, 2017 John Bancroft Much of the growth in MBS investments came from two large thrifts: Charles Schwab Bank and E*Trade Bank…Read More
TPO Lenders Fared Slightly Better Than Retail in a Declining 1Q17 Market May 25, 2017 John Bancroft The retail segment saw the biggest decline, dropping 34.6 percent to an estimated $221.0 billion.Read More
GSE Purchase Business Showed Promise in April, but... May 24, 2017 John Bancroft In April, Wells Fargo was the top seller of mortgages to Fannie and Freddie with $9.02 billion, followed by Quicken Loans and JPMorgan Chase…Read More
Nonbank Mortgage Firms Report Dour 1Q17 Earnings May 23, 2017 John Bancroft PHH Mortgage continues to ooze losses as well…Read More
GSE Buybacks Tied to Legacy Loans Fade Further Into the Rearview… May 22, 2017 John Bancroft In a number of cases, GSE seller-servicers cleaned up pipelines of pending or disputed buyback demands.Read More
REIT MBS Holdings Grew Slightly in 1Q17, but Change in CRTs Could Boost Volume May 19, 2017 John Bancroft Some 91.8 percent of REIT MBS holdings ($211.95 billion) are in agency securities…Read More
All Major Loan Categories Saw Big Drops in 1Q17 Originations; GSE Market Hurt the Most May 18, 2017 John Bancroft The nonprime residential market is getting more attention as the big product categories hit the skids.Read More
Deephaven CEO: Secondary Market Demand is Strong for Non-QMs May 17, 2017 John Bancroft Performance of non-QM loans has been strong, buoyed by good house-price appreciation and the fact there have been no lawsuits based on the ability-to-repay rule.Read More
Nonbanks Dominate FHA Primary Market; Volume Slowed in 1Q17 May 16, 2017 John Bancroft The 14 largest FHA originators were all nonbanks, led by Quicken Loans, Freedom Mortgage and loanDepot.Read More