Surge in Purchase-Mortgage Lending Fueled 2Q16 Production Boom September 8, 2016 John Bancroft -The average credit score for purchase mortgages securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter was 722.8, down a few points from the first quarter. Read More
Bank MSR Holdings Fall Below $4 Trillion. Is $3 Trillion Next? September 6, 2016 John Bancroft Only two of the top 10 banks as ranked by “servicing for others” have been in growth mode: PNC Bank and SunTrust.Read More
Going, Going but Not Quite Gone: GSE Buyback Demands September 2, 2016 John Bancroft The GSE buyback total was down 20.6 percent from the first quarter…Read More
REIT MBS Holdings Up Modestly in 2Q16, but… August 29, 2016 John Bancroft Annaly Capital Management remained the top REIT MBS investor despite an 0.8 percent drop in its portfolio.Read More
Mortgage Securitization Rate Drifts Slightly Lower in 2Q16, Remains Well Below Post-Crash High August 26, 2016 John Bancroft Fannie Mae and Freddie Mac are seeing some competition for eligible mortgages from portfolio lenders… Read More
Retail Market Share Hits a Two-Year High August 25, 2016 John Bancroft The wholesale-broker market held its ground, maintaining a 10.0 percent share of new originations, Inside Mortgage Finance found.Read More
The Final Tally: Nonbanks Battered by MSR Accounting in 2Q16 August 23, 2016 John Bancroft Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...Read More
Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market August 22, 2016 John Bancroft By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…Read More
Call Reports Show Modest Increase in Mortgage-Banking Income for 2Q16 August 22, 2016 John Bancroft The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…Read More
The Love Affair Continues: Bank Holdings of MBS Hit a New High in June. GSE Paper Leads the Way August 19, 2016 John Bancroft Depositories also added to their Ginnie Mae pass-through investments, but by only 0.7 percent…Read More