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Home » Authors » John Bancroft

Articles by John Bancroft

Home-Equity Market Limps Along, New Lending Wanes

December 16, 2021
John Bancroft
Banks, thrifts and credit unions reported a modest increase in the untapped HELOC commitments in the third quarter, but homeowners continued to sit on a mountain of untapped equity. (Includes three data charts.)
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Depositories Recapture Some Lending Market Share in 3Q

December 16, 2021
John Bancroft
Nonbanks remained the driving force in first-lien originations, accounting for 68.4% of aggregate production by the top 100 lenders. (Includes two data charts.)
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Securitization Rate Declines as Agency Footprint Shrinks

December 15, 2021
John Bancroft
Originations of conventional-conforming and government-insured mortgages declined by 4.5% during 3Q21...
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Banks Report 3Q21 Decline in Mortgage Repurchases

December 14, 2021
John Bancroft
Wells Fargo repurchased $46.0 million of residential loans during the third quarter, tops among all depositories...
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Production Income Gains as Servicing Turns Profitable

December 13, 2021
John Bancroft
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
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Fannie Wins November MBS Skirmish, GSE Market Cools

December 10, 2021
John Bancroft
While Fannie and Freddie look to be reclaiming lost investor-property loan business, seller execution tactics haven’t changed much in recent months. Volume fell 14% from October. (Includes two data charts.)
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Production Income Gains as Servicing Turns Profitable

December 10, 2021
John Bancroft
There is some evidence that production was less efficient in the third quarter, but profitability was up anyway. Servicing income was clearly stronger. (Includes data chart.)
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Banks Report 3Q21 Decline in Repurchases and Reserves

December 10, 2021
John Bancroft
Call-report data show bank mortgage repurchases fell 9.4% in the third quarter. However, GSE buyback volume continued to climb. (Includes data chart.)
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REIT MBS Holdings Ebb in 3Q21, Annaly Extends Lead

December 10, 2021
John Bancroft
REIT investments in non-agency MBS fell 1.0% during the third quarter.
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REIT MBS Holdings Ebb in 3Q21, Annaly Extends Lead

December 9, 2021
John Bancroft
REITs are generally optimistic about the Federal Reserve's plan to slow its MBS purchases, a number of companies continue to pursue other strategies. (Includes data chart.)
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