A Strong Showing for Non-Agency MBS in 2Q17 – Thanks to S&D Deals and Re-securitizations July 14, 2017 John Bancroft One of the biggest development this year has been the growing consistency in issuance of nonprime MBS.Read More
Insured-Mortgage Business Posted Solid Gain in 2Q17 July 13, 2017 John Bancroft Fannie Mae and Freddie Mac acquired $57.17 billion of single-family loans with private MI coverage during the second quarter…Read More
Ginnie Mae MBS Issuance Rides the Tide of Rising Home Sales July 13, 2017 John Bancroft The top three Ginnie Mae issuers in 2Q17 were PennyMac, Wells Fargo and Freedom Mortgage…Read More
MBS/ABS Production Faltered Slightly in 2Q17, but Some Sectors Bucked the Trend July 7, 2017 John Bancroft It was the slowest agency refi market since the third quarter of 2014…Read More
Fannie/Freddie Business Volume Down Sharply in 2Q17. Refis Lag, Purchase Loans Strong July 6, 2017 John Bancroft The GSEs securitized $111.31 billion of purchase loans in the second quarter, a 21.5 percent jump from the first quarter.Read More
Fitch Edged Out DBRS (Barely) in Rating Non-Agency MBS in 1Q17 June 30, 2017 John Bancroft Fitch was on top, although both companies had equal shares at 36.5 percent…Read More
Purchase Market Starts to Percolate, as First-Timers Pull Their Weight June 30, 2017 John Bancroft Purchase-mortgage volume has been gaining speed since bottoming out in February…Read More
The Tally: 54 Nonbanks in the Top 100; Little Change in Mortgage ‘Demographics’ for 1Q17 June 29, 2017 John Bancroft Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter, according to survey figures compiled by Inside Mortgage Finance…Read More
On the Senate Banking Committee a Consensus for GSE Reform: An Explicit MBS Guaranty is Needed June 29, 2017 John Bancroft Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform… Read More
Securitization Rates Started Strong in 1Q17, but… June 23, 2017 John Bancroft The lag effect was particularly noticeable in the conventional-conforming market…Read More