New MI Has a Stellar Spring, Setting New Business Records in a Booming Market August 11, 2016 John Bancroft All seven of the nation’s active MIs reported hefty increases in flow volume…Read More
Short Takes: VA 2Q Loan Volume at $48 Billion / Hedge Funds See Bargains in Servicing Rights? / Bill Erbey Continues to Sell Shares / Michigan Mutual’s New Hire August 11, 2016 Paul Muolo and John Bancroft Some investors believe servicing prices now look enticing.Read More
GSE Credit Box Hardly Budged in 2Q16 August 10, 2016 John Bancroft The share of refi loans with scores of 740 or higher edged up from 57.8 percent in the first quarter to 61.6 percent in the second.Read More
July Brings a Surge in New GSE Business, Thanks to Strong Purchase Market August 9, 2016 John Bancroft Of the two GSEs, Freddie Mac had the bigger monthly increase at 17.1 percent…Read More
Banks See Lower Mortgage Profits in 2Q16. Blame it on the Big Guys August 8, 2016 John Bancroft The 22 regional banks fared a lot better, reporting a combined $903.5 million of mortgage-banking income…Read More
A Quiet Surprise: FHFA Sets ‘Minimum Base’ G-Fee for Fannie Mae and Freddie Mac August 4, 2016 John Bancroft FHFA officials said the directive is not being made available to the public.Read More
Agency MBS Production Continued to Gain Momentum in July August 4, 2016 John Bancroft The three agencies securitized $43.09 billion of purchase mortgages last month, a 15.3 percent increase from June.Read More
Servicing Market Skews Further Toward Nonbanks, Midsized Shops in 2Q16; Runoff an Issue for Many August 3, 2016 John Bancroft Banks, thrifts and credit unions still accounted for 66.0 percent of the $7.206 trillion in single-family mortgages serviced by the top 50 companies, Inside Mortgage Finance found.Read More
FHA Cracks the $1 Trillion Mark. New Issuance Exceeds Runoff August 1, 2016 John Bancroft Refinancing has been heavy this year. Ginnie MBS outstanding at the end of 2015 lost $99.51 billion of FHA loans through the first six months of 2016.Read More
Commercial Mortgage Securitization Took a Tumble in 2Q16; Non-Agency Issuance Hits Four-Year Low July 29, 2016 John Bancroft Conduit deals issued in the second half of this year will benefit the most from spread tightening…Read More