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Home » Authors » John Bancroft

John Bancroft

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

ARTICLES

Agencies Lag Behind in 1Q21 Jumbo Mortgage Lending

June 10, 2021
John Bancroft
Non-agency jumbo production grew 6.2% in the first quarter, but Fannie, Freddie and Ginnie saw a 19.5% downturn in conforming-jumbo business. A lean toward refinancing and pricing issues likely accounted for the difference in the two markets. (Includes three data charts.)
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Ginnie Mae Market Sags in May as Refinance Drops Sharply

June 8, 2021
John Bancroft
A slowdown in refinance activity was responsible for the May swoon.
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GNMA Market Sags in May as Refinance Drops Sharply

June 4, 2021
John Bancroft
A shift away from refinancing to purchase-mortgage lending played to the FHA's strengths as the program came close to reclaiming top-dog status in the government market. (Includes two data charts.)
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Agency Single-Family Business Tumbles in May

June 4, 2021
John Bancroft
With mortgage rates climbing for most of the year, a pullback in refinance activity was expected.
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Agency Market Tumbles in May; IPLs Move Elsewhere

June 3, 2021
John Bancroft
It's no surprise that the massive agency refinance boom showed signs of fizzling out, but purchase-mortgage business slumped just as housing season rolled into high gear. (Includes two data charts.)
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First-time Buyers Hang on in Slumping Purchase Market

June 3, 2021
John Bancroft
PennyMac ranked as the top producer of purchase-money mortgages in the first quarter of 2021. Quicken Loans remained the top refi lender but lost ground to many competitors. (Includes four data charts.)
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First-time Buyers Hang on in a Sagging Purchase Market

June 3, 2021
John Bancroft
First-timer loans with private mortgage insurance slipped to 38.6% in the first quarter, down 9 basis points, while the share of FTHB loans with no MI was basically unchanged.
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Banks Show More Interest in ABS, Favoring Auto Deals

June 2, 2021
John Bancroft

A big chunk of the gain in auto ABS came at the top of the list.


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GSE Single-Family Business Down Sharply in May

June 1, 2021
John Bancroft

Most of the downturn was in refinance activity, but GSE acquisitions of purchase-money mortgages also fell slightly last month.


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Banks Mark Up MSR Values in 1Q21 But Shed Holdings

May 28, 2021
John Bancroft
At its current pace, the banking industry will soon have less than $3 trillion of servicing-for-others on its books. But MSR values saw one of their biggest quarterly gains in early 2021.
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View All Articles by John Bancroft

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