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John Bancroft

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ARTICLES

A Change by FHFA Sparks Disruptions in NOO Trading

April 8, 2021

Loan prices for second homes and investment properties are getting whipsawed, giving bottom feeders the upper hand. Credit the FHFA.

In 1Q21, A Downdraft for Purchase-Money Securitizations

April 8, 2021

John Bancroft

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...

Agency Market Taps Brakes in 1Q21 as Home Sales Slow

April 8, 2021

John Bancroft

The first quarter of 2021 still ranks second in total agency MBS production despite a sharp decline in purchase-mortgage volume. Several top sellers boosted agency volume in early 2021. (Includes two data charts.)

FHA/VA Refi Up in 1Q21, Purchase Activity Dives

April 7, 2021

John Bancroft

The culprit: a downturn in purchase-mortgage activity...

GSE Business Volume Rock Solid in 1Q21 but Off From Fourth Quarter

April 5, 2021

John Bancroft

The first quarter of 2021 still ranked as the second-highest quarterly volume for the two GSEs...

GSE Business Volume Glides Downward in Early 2021

April 2, 2021

John Bancroft

Slumping purchase-mortgage business drove Fannie/Freddie MBS volume lower in the first quarter, but securitization of refinance loans remained robust. (Includes two data charts.)

GSE Credit Window Squeaks Slightly More Open in 1Q21

April 2, 2021

John Bancroft

When Fannie/Freddie business volume trends lower, the risk profile generally skews higher. And that’s exactly what happened in the first quarter of 2021. (Includes two data charts.)

FHA/VA Refi Up in 1Q21, Purchase Activity Plummets

April 2, 2021

John Bancroft

There are signs that the “adverse market refinance fee” is pushing some business away from Fannie and Freddie toward government mortgage insurance programs. (Includes two data charts.)