Mortgage Securitization Rate Remains Soft in Early 2015; Banks Keep More Whole Loans? June 12, 2015 John Bancroft The slowdown in securitization is partly due to the lag between origination and MBS issuance, but there are other factors not related to timing... Read More
Home-Equity Lending Slowed in 1Q15, but Compared to a Year Ago: Wow June 11, 2015 John Bancroft Banks, thrifts and credit unions reported a slight uptick in the amount of unused HELOC commitments compared to the end of last year.Read More
Fannie/Freddie Issuance Slips in May, but Purchase Business Finally Takes Hold June 10, 2015 John Bancroft During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.Read More
The Savior of First Quarter Mortgage Earnings: Loan Originations June 9, 2015 John Bancroft Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.Read More
Commercial Banks Continue Their Retreat From Owning Servicing Rights June 8, 2015 John Bancroft Compared to a year ago, bank mortgage servicing for others – nearly all of which is connected to MBS – was down 6.1 percent.Read More
Agency MBS Issuance Falters in May as Refi Spigot Tightens. Time to Worry? June 5, 2015 John Bancroft Though down from April, it was still significantly higher than at any time in 2014, when production averaged just $77.46 billion per month.Read More
1Q15 Origination Tally: Refis Dominated. Is There Hope for the Purchase Market? June 4, 2015 John Bancroft In fact, 2014 was the first year since 2006 that purchase mortgages accounted for more than half of total residential originations.Read More
Ginnie Mae Cautiously Embraces New Entrants Despite Lingering Doubts June 4, 2015 John Bancroft Meanwhile, the pipeline of issuer applications has dropped dramatically at Ginnie Mae...Read More
Bank Holdings of Non-Mortgage ABS Continue to Fall May 29, 2015 John Bancroft The biggest rate of decline was in home-equity securitizations, where there has been no new issuance for several years.Read More
Brokers Continue ‘Comeback,’ Post Highest Market Share Reading Since 2010 May 28, 2015 John Bancroft Mortgage brokers facilitated an estimated $39.0 billion of home mortgages during the first three months of 2015... Read More