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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@https://twitter.com/jbancroftimf
Articles

ARTICLES

Correspondent Platforms Take Biggest Hit in 2Q21

August 26, 2021
John Bancroft
The shift toward purchase-money loans helped third-party originators overall, but correspondent production lost out on the growth of non-agency lending in the second quarter. (Includes six data charts.)
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Correspondent Platforms Took the Biggest Hit in 2Q21

August 26, 2021
John Bancroft
The nation's three largest retail lenders during 2Q21: Rocket Mortgage, Wells Fargo Bank and loanDepot...
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The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q

August 25, 2021
John Bancroft
Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?
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Banks Change Course and Add Servicing-for-Others. However...

August 24, 2021
John Bancroft
Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...
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Banks Favor GSE Paper as Industry Pads MBS Holdings

August 23, 2021
John Bancroft
Year-over-year, Bank of America increased its MBS holdings by a stunning 82.5%.
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Nonbank Earnings Plummet as Margins Shrink in 2Q21

August 20, 2021
John Bancroft
A dozen publicly traded nonbanks saw combined income drop 69% from the first to the second quarter, thanks largely to shrinking production margins and unhedged MSR portfolios. (Includes data chart.)
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Banks Change Course and Add Servicing-for-Others

August 20, 2021
John Bancroft
The key to a modest increase in servicing-for-others in the banking industry was the purchase of a large nonbank by Western Alliance Bank. (Includes data chart.)
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Banks Favor GSE Paper as Industry Pads MBS Holdings

August 19, 2021
John Bancroft
Bank investment in agency MBS, especially Fannie/Freddie paper, continued to grow during the second quarter, though not quite as much as the overall market. (Includes two data charts.)
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Non-Agency Lending Jumps in 2Q, Agency Production Declines

August 19, 2021
John Bancroft
Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.
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Agency Market Stumbled in 2Q21 as Jumbo, ECM Surge

August 19, 2021
John Bancroft
The agency market — FHA/VA and conventional conforming — still accounted for 86% of first-lien originations, but jumbo and ECM lending are gaining ground. (Includes two data charts.)
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View All Articles by John Bancroft

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