Are Nonbanks Losing Their Mojo with Fannie and Freddie? GSE Market Share Slips Again April 10, 2017 John Bancroft Single-family volume was down from the unusually high level in the fourth quarter of last year…Read More
MBS and ABS Issuance Cooled in Early 2017 as Refis Swooned April 7, 2017 John Bancroft Fannie, Freddie and Ginnie securitized $156.80 billion of refi loans during 1Q17, down 35.1 percent sequentially, according to Inside MBS & ABS.Read More
Fannie/Freddie Securitizations Tumbled 27 Percent in 1Q17, but March Showed Promise April 6, 2017 John Bancroft How much slack can the purchase market pick up? We’re about to find out…Read More
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