Solid Gains for Non-Mortgage ABS in 2Q17 – Thanks, in Part, to Pizza July 21, 2017 John Bancroft A lot of the ABS oomph came from the $2.08 billion whole-business securitization by Domino’s Pizza...Read More
VA Still Gaining Ground in Growing Ginnie Mae MBS Portfolio July 21, 2017 John Bancroft One reason the VA market grows somewhat faster than the FHA is that it loses fewer loans to default.Read More
Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth July 19, 2017 John Bancroft Outstanding MBS servicing at Fannie actually declined slightly in the second quarter… Read More
Fannie/Freddie Single-Family MBS Business Slumped in 2Q17; Bank and Thrift Business Weak July 18, 2017 John Bancroft Wells Fargo saw an 18.6 percent drop in its GSE business during the April-June cycle, but the three other megabanks had much bigger declines…Read More
Bank Mortgage Repurchases Trend Lower July 18, 2017 John Bancroft Bank of America once again reported the biggest volume of residential loan repurchases: $421 million…Read More
Retail Channel Losing Steam in 2Q17 Agency Business; Brokers Rising July 17, 2017 John Bancroft Agency mortgages produced by mortgage brokers actually rose 4.4 percent in the second quarter, even as the overall market was falling 6.1 percent.Read More
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