Jumbo Market Share Highest Since 2000; Of Course, Volumes are Down March 12, 2015 John Bancroft The last time the jumbo market share was higher came in 2000 – when the Fannie/Freddie loan limit was just $252,700... Read More
Freddie MBS Issuance Surges Almost 31 Percent. But… March 6, 2015 John Bancroft Even without the bump in seasoned loans (courtesy of BofA), Freddie’s MBS activity was up significantly from January.Read More
Stegman, Treasury’s Point Man on Housing: Speed GSE Change March 6, 2015 John Bancroft Treasury counselor Michael Stegman wants the common securitization platform project to be opened to the private sector.Read More
Refi Bounce Not Enough to Compensate for Drop in Purchase Lending; Quicken Catching Up to Wells Fargo? March 5, 2015 John Bancroft Quicken Loans was the second largest refi lender in 2014 with $47.91 billion, according to exclusive figures compiled by Inside Mortgage Finance.Read More
Bank Profits From Mortgages Down Almost 24 Percent March 3, 2015 John Bancroft Bank of America was among the few major depositories that reported a loss in mortgage-banking income, losing $253 million in the fourth quarter.Read More
Dragged Down by the Nonbanks, Mortgage Banking Income Slipped in 4Q March 2, 2015 John Bancroft For all of 2014, this group of banks and nonbanks earned $14.01 billion off of mortgages, a 39.6 percent drop from the year before.Read More
Commercial Banks, Thrifts Add to MBS Portfolios in Late 2014 February 27, 2015 John Bancroft At Dec. 31, depositories held $964.2 billion of pass-through securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, a gain of 1.3 percent from the third quarter. Read More
Mortgage Brokers Stage Mini-Comeback in Market Share February 26, 2015 John Bancroft However, the broker channel generated $117 billion of new originations, the lowest reading since 1995.Read More
Securitization Rate Hits Post-Crash Low as Banks Continue to Covet Whole Loans February 20, 2015 John Bancroft Almost 71 percent of residential loans originated last year were funneled into mortgage securities. In 2013 the securitization rate was 78.5 percent.Read More
Private MIs Lost Some Ground to FHA in 2014, but Ended Year with Solid Gains February 19, 2015 John Bancroft Meanwhile, the private MIs reported just $1.24 billion of new HARP business for the fourth quarter.Read More