Agency MBS Production Takes it on the Chin in February: Down Almost 28 Percent March 2, 2017 John Bancroft But the numbers need to be put into perspective: Agency MBS production in the first two months of 2017 was up 36.3 percent from the same period last year…Read More
The Final Tally: Purchase-Mortgage Market Has its Best Year Since 2006 March 2, 2017 John Bancroft Wells Fargo once again dominated the purchase business with $135.5 billion funded in 2016, more than double its closest competitor, JPMorgan Chase…Read More
Fannie/Freddie Retained Portfolios Continued Shrinking in 2016 – Mostly by Shedding MBS February 28, 2017 John Bancroft Fannie Mae cut its portfolio of Fannie MBS by 42.9 percent last year...Read More
Mortgage REIT Holdings of Residential MBS Fell Slightly in 4Q16 February 28, 2017 John Bancroft Annaly padded its lead as the top REIT MBS investor, thanks, in part, to its acquisition of Hatteras Financial in the third quarter of 2016…Read More
GSE Seller Buybacks Tumbled to Record Low in 4Q16 February 27, 2017 John Bancroft For the full year, GSE seller repurchases totaled just $1.101 billion, a record annual low…Read More
Creeping Upward: The Debt Burden of FHA and VA Borrowers February 24, 2017 John Bancroft Average credit scores in the FHA program drifted slightly lower, while climbing 1.9 points for VA loans.Read More
Wholesale-Broker Production Suffers the Most in 4Q16, Down 6.7 Percent February 23, 2017 John Bancroft Caliber Home Loans climbed into second place in the wholesale-broker market thanks to a huge 63.7 percent gain in annual funding volume.Read More
Banks Increase MBS Holdings – Went on a Buying Spree of Ginnie Mae Product in 4Q16 February 21, 2017 John Bancroft Bank holdings of Fannie Mae and Freddie Mac pass-through securities were up a more modest 0.6 percent from the third quarter…Read More
Private MIs Expanded Market Share in 2016 Despite a Surge from the VA Guaranty Program February 17, 2017 John Bancroft Most of the gain in private MI market share came at the expense of the FHA program…Read More
Inching Up Ever So Slightly: The Percentage of GSE Loans With Lower Credit Scores February 14, 2017 John Bancroft The apparent easing of credit terms in the Fannie/Freddie market has been moving at a glacial pace…Read More