The Fastest Growing Loan Types in 2Q: Jumbos and FHA/VA August 6, 2015 John Bancroft Over the winter, the VA program had quietly become a much more significant factor in the government-insured market...Read More
Two Stunners: Ginnie Issuers Pump Out a Record $45.5 Billion; Ginnie Issuance Tops Fannie’s August 5, 2015 John Bancroft The last time Ginnie Mae was the top agency issuer was in January of 2009...Read More
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...Read More
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.Read More
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.Read More
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...Read More
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.Read More
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.Read More
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…Read More