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Home » Authors » John Bancroft

Articles by John Bancroft

GSE ‘Jumbo’ Share Rising With Heavy Refi Volume

August 4, 2015
John Bancroft
Conforming-jumbos accounted for almost 10 percent of GSE business on single-unit properties in the first half of this year...
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Banks Report Strongest Mortgage Profits in Two Years

August 3, 2015
John Bancroft
At the midway point of 2015, the group’s $8.061 billion in year-to-date mortgage-banking income was up 15.1 percent from the first six months of 2014.
Read More

California Top Market for Mortgage Insurance

August 3, 2015
John Bancroft
But only 33.0 percent of California mortgages had primary MI coverage, compared to 46.6 percent for the nation as a whole.
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The Shifting Sands of Agency MBS Issuance: ARM Volume Down Significantly

July 31, 2015
John Bancroft
ARM MBS production by Fannie and Freddie in the first half of 2015 was down 20.1 percent from a year ago.
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Ginnie Mae Makes it Official: Prior Approval for Switching Servicers

July 30, 2015
John Bancroft
Effective immediately, any Ginnie Mae issuer that wants to bring servicing in-house from a subservicer must get the agency’s prior written approval...
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And the Beat Goes On: Megabanks Still Backing Away from Servicing

July 30, 2015
John Bancroft
Bank of America, ranked third, continued to unload servicing and pared its holdings by 8.9 percent during the second quarter.
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Multifamily Issuance by the Agencies Saves the Day for CMBS in 2Q

July 24, 2015
John Bancroft
If the pace continues over the second half of the year – and strong consumer demand for apartments suggests it will – 2015 would become the best year ever in agency multifamily MBS.
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Surprise: Loan Production Climbs to $445 Billion in 2Q, Best in Nearly Two Years

July 23, 2015
John Bancroft
Most mortgage origination indicators pointed higher. Notably, FHA endorsements were up an estimated 61.3 percent from the first quarter…
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GSE Servicing Continues to ‘Deconsolidate’

July 21, 2015
John Bancroft
Inside the GSEs found that Freddie’s business was more concentrated than Fannie’s...
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As Megabanks Retreat, Smaller Depositories Build Share in Mortgages

July 20, 2015
John Bancroft
The titans of the industry – the four banks with over $1 trillion in total assets – shrank their mortgage portfolios by a combined 0.5 percent over that period.
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