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Home » Authors » John Bancroft

Articles by John Bancroft

A Noticeable Jump in Low-Credit Score Mortgages Sold to Fannie and Freddie

May 16, 2016
John Bancroft
In the first quarter, 11.2 percent of Fannie/Freddie purchase loans had credit scores below 700 and LTV ratios of 81 percent or higher. That was up from 7.4 percent in the fourth quarter…
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Mortgage REITs Scale Back MBS Holdings in 1Q16, But...

May 13, 2016
John Bancroft
The MBS holdings of 16 top mortgage REITs were down 0.3 percent from the fourth quarter...
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Private MI Lost Some Ground to FHA Insurance in 1Q16

May 12, 2016
John Bancroft
United Guaranty was the largest MI in terms of total policies written in 1Q16, but Arch Mortgage Insurance and National MI were the fastest growers.
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FHA Originations – When in Doubt, Use the Correspondent Channel

May 11, 2016
John Bancroft
Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.
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GSEs Continue to Prune Investment Portfolios, Especially Subprime Assets

May 10, 2016
John Bancroft
Freddie Mac reduced its portfolio to $339.9 billion at the end of the quarter, a 2.0 percent drop. Like Fannie, the biggest decline in percentage terms was in non-agency MBS…
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A Positive Sign: Agency MBS Market Springs to Life in April

May 5, 2016
John Bancroft
Although Fannie’s year-to-date issuance was off 8.4 percent from a year ago, it was still ahead of Ginnie through the first third of 2016.
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The GSE Tally to Date: $23.5 Billion in Losses on Derivatives. But G-Fee Income Shines

May 5, 2016
John Bancroft and Carisa Chappell
Fannie’s guaranty fee income for single-family and multifamily segments nudged up 0.9 percent from the fourth quarter, while Freddie’s was up 0.4 percent.
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Top-Five Servicers Continue to Pull Back; Receivables Drop Almost 8 Percent YoY

May 5, 2016
John Bancroft
U.S. Bank was the only top-five servicer that has been growing its portfolio…
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Banks Report Modest Improvement in Mortgage-Banking Income for 1Q16

May 3, 2016
John Bancroft
What some bank-watchers may not realize: Most depositories do not factor in personnel and other key expenses when calculating mortgage-banking income…
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Bulk Servicing Transfers Take it on the Chin in 1Q16

May 2, 2016
John Bancroft
An estimated $24.52 billion of GSE loans were delivered into MBS during 1Q16 with the servicing rights being taken over by a servicer not affiliated with the loan seller.
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