And the Biggest Foreign Investor in U.S. MBS/ABS is: Taiwan (Yes, Taiwan) March 31, 2017 John Bancroft China still ranked second in agency MBS investment, but Japan’s larger portfolio of non-agency MBS and ABS boosted it to second place overall.Read More
GSEs Hit Their Risk-Transfer Targets for 2016. Almost $18 Billion in Risk Covered by Others March 31, 2017 John Bancroft The FHFA has been gathering feedback on front-end transactions and will take that into account when considering the structure of future CRTs…Read More
Top-Ranked Lenders Reclaim Some Market Share; Community Banks Still Major Players March 30, 2017 John Bancroft The top 100 lenders produced a hefty $1.622 trillion in first-lien mortgages last year, including their correspondent and wholesale-broker programs…Read More
FHFA Releases Annual GSE ‘Scorecard,’ Cites ‘Significant Progress’ on Meeting Conservatorship Goals March 30, 2017 John Bancroft The GSEs have developed proposals to more closely align their mortgage insurance master policies with their reps-and-warranties policies, which will be reviewed by the FHFA this year.Read More
Retail Channel Dominated Agency Lending in 2016 March 28, 2017 John Bancroft Mortgage brokers accounted for 12.9 percent of agency production.Read More
The Final Tally on Publicly Traded Nonbanks: A $156.1 Million Loss for 2016 March 28, 2017 John Bancroft However, this group of nonbank lender/servicers is hardly homogenous… Read More
GSE Buybacks Fell to Record Low in Fourth Quarter, 2016 March 27, 2017 John Bancroft During the fourth quarter of 2016, lenders repurchased just $207.31 million of home loans, a 37.0 percent decline from the third quarter.Read More
Fitch the 2016 Rating Service King in Both Non-Agency MBS and Non-Mortgage ABS March 24, 2017 John Bancroft S&P finished a close second with a 53.6 percent market share.Read More
Home-Equity Lending Up in 2016, but HEL Debt Sinks to 13-Year Low March 23, 2017 John Bancroft At the end of 2016, the supply of outstanding home-equity loans fell to $595.4 billion from $607.9 billion the year prior…Read More
Wholesale-Broker Channel Saw Big Gains in Agency Market Last Year March 20, 2017 John Bancroft Mortgage brokers earned their biggest market share in the Ginnie Mae sector…Read More