An Ugly Showing for the Non-Agency MBS Market in 2Q16 July 15, 2016 John Bancroft Lone Star produced a rare rated deal backed by subprime loans that had been originated within the past year …Read More
Fannie/Freddie MI Loans Spiked 33 Percent in Second Quarter July 14, 2016 John Bancroft In the private MI segment, the biggest gain in percentage terms was in refinance loans…Read More
Red-Hot California Market Gave a Boost to GSE Jumbo, Broker Share in 2Q16 July 11, 2016 John Bancroft The surge in California business helped boost the national broker share to 12.5 percent of GSE volume during the second quarter… Read More
First-Half Tally: MBS Issuance by Fannie, Freddie and Ginnie Topped $612 Billion July 8, 2016 John Bancroft The agencies issued $120.05 billion of single-family MBS last month, the strongest output since July 2015…Read More
FHFA Vows to Keep Tight Lid on Fannie/Freddie Homogeneity July 8, 2016 John Bancroft According to the FHFA, both GSEs already have extensive internal procedures for vetting any business change that could affect prepay speeds…Read More
Don’t Look Now, but Nonbanks Had the Market Share Lead on GSE Deliveries in 2Q16 July 7, 2016 John Bancroft Nonbank mortgage lenders saw a 33.0 percent increase in GSE deliveries during the second quarter…Read More
Why Ginnie is Concerned About Nonbanks: A 69.4 Percent Issuance Market Share for 1Q16 July 6, 2016 John Bancroft Non-depositories also added about $40.45 billion through the agency’s pools issued for immediate transfer program, or co-issuance option.Read More
A Boom in Securitizations for 2Q16: $400 Billion of MBS & ABS Hit the Market; Residential MBS Jumps 28 Percent July 1, 2016 John Bancroft Most of the second-quarter gain came from the residential MBS sector…Read More
A Historic Shift? Nonbanks Closing in on 50% Share of New Originations June 30, 2016 John Bancroft Thanks to the megabanks turning “Chicken Little” on mortgages, the nonbanks have gained market share…Read More
Commercial Banks Report Uptick in Mortgage Repurchases June 29, 2016 John Bancroft Fifth Third Bank ranked second in repurchases in the call-report data with $93.9 million…Read More