Don’t Look Now but Depositories are Making Modest Gains in Lending Market Share September 21, 2017 John Bancroft It marked the third straight quarter in which depositories raised their share among the top-100 mortgage originators.Read More
Agency-Jumbo Production Sagged in 2Q17 While Non-Agency Sector Kept Growing September 14, 2017 John Bancroft But the non-agency jumbo market saw a healthy 18.6 percent increase in originations…Read More
Mortgage Securitization Rate Sinks in 2Q17 September 14, 2017 John Bancroft Roughly 27.3 percent of Fannie Mae, Freddie Mac and Ginnie Mae loans pooled in securities in the first half of 2017 were a month old at issuance, and 6.4 percent were two or three months old.Read More
On a Roll: Fourth Consecutive Monthly Gain for GSE MBS Issuance September 12, 2017 John Bancroft Fannie and Freddie lost some market share during the second quarter, according to preliminary figures compiled by Inside The GSEs.Read More
Large Banks Still Backing Away From Mortgage Servicing September 11, 2017 John Bancroft On a combined basis, the three largest bank servicers reported a $45.06 billion reduction in their servicing for others.Read More
Agency MBS Issuance Up Again in August as Refi Business Shows Renewed Strength September 8, 2017 John Bancroft The agencies saw an 8.6 percent increase in refi volume from July to August, roughly triple the growth rate of the purchase-money business… Read More
Purchase-Mortgage Blowout: 2Q17 Highest Volume Since 3Q06 September 7, 2017 John Bancroft Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle...Read More
Agency-Backed CMO Production Slumped in 2Q17 September 1, 2017 John Bancroft Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…Read More
Short Takes: Navy Federal Would Like to Purchase Servicing Rights / An MSR Offering from Prestwick / Fed Okays Sterling’s Purchase of Astoria / A Clarification / New Hires for Castle & Cooke August 31, 2017 Paul Muolo and John Bancroft The Fed just greenlighted a bank M&A deal...Read More
GSE Single-Family MBS Business Edged Higher in July August 30, 2017 John Bancroft In July, the top five GSE loan sellers were Wells Fargo, Chase, Quicken, PennyMac and AmeriHome Mortgage…Read More