Depositories Post Improvement in Mortgage Banking Income August 29, 2017 John Bancroft In aggregate, banks and thrifts earned $3.72 billion from mortgage banking activities during 2Q17…Read More
GSE Loan Buybacks Edge Higher in 2Q17; Legacy Issues Fading Slowly August 28, 2017 John Bancroft The vast majority of Fannie buyback activity involves loans sold into MBS issued since 2015…Read More
Bank ABS Holdings Drift Lower Again in 2Q17 August 25, 2017 John Bancroft All asset classes in the ABS market saw reduced bank interest in the second quarter…Read More
Mortgage Brokers Post Big Gains in 2Q17 August 24, 2017 John Bancroft Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…Read More
Bank Investment in MBS Sets a New Record: $1.799 Trillion August 21, 2017 John Bancroft Total bank investment in residential MBS rose by $36.28 billion during the second quarter…Read More
Those Incredibly Shrinking GSE MBS Portfolios – a 5.3 Percent Decline in 2Q17 August 18, 2017 John Bancroft Today, Fannie and Freddie hold $13.50 billion of subprime and Alt A MBS. At the end of 2005, they had a staggering $258.67 billion in such assets.Read More
Government-Insured Mortgages the Biggest Gainer in 2Q17 August 17, 2017 John Bancroft Roughly 71.0 percent of second-quarter primary-market originations of first-lien mortgages were purchase loans, the highest reading in years…Read More
2Q17 a Rocky Road for (Certain) Publicly Traded Nonbanks August 15, 2017 John Bancroft Most of the companies are in decent shape, but the group is weighed down by two big albatrosses – Ocwen Financial and Walter Investment…Read More
GSE Lenders Reach for Refi Business in 2Q17 by Loosening the Credit Box August 14, 2017 John Bancroft The pronounced shift from refinance to purchase lending made for major changes in overall risk distribution during the second quarter. Read More
Freddie Mac Picks up the Pace in CRTs During 2Q17 August 14, 2017 John Bancroft Freddie Mac issued $2.11 billion of new Structured Agency Credit Risk notes, an impressive increase of 35.6 percent…Read More