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John Bancroft

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Yet Another New Record for Agency MBS Issuance

May 5, 2021

John Bancroft

More gas left in the MBS tank? Certainly looks that way...

Banks Report Slightly Higher Mortgage Income for 1Q21

May 4, 2021

John Bancroft

A diverse group of 21 commercial banks and savings institutions reported $3.75 billion of mortgage-banking income for 1Q21, a 1.7% improvement from the fourth quarter.

Most GSE COVID Borrowers Still Making Payments...

May 3, 2021

John Bancroft

Of the total in COVID deferral status at the end of March, 91.56% of loans were current. Another 3.76% were one or two payments past due, and 4.69% were three or four payments late.

GSE MBS Loan Removals Down Sharply in 1Q21

April 30, 2021

John Bancroft

After spiking in the third and fourth quarters of 2020, GSE repurchases of delinquent loans from MBS pools fell sharply in early 2021. (Includes data chart.)

Agency Market Sees 1Q21 Drop in Correspondent Share

April 30, 2021

John Bancroft

An increase in the refinance share of agency single-family business led to a decline in the correspondent channel's market share in the first quarter. (Includes two data charts.)

Mortgage Banking Income Up Slightly in Early 2021

April 30, 2021

John Bancroft

A group of 21 banks reported a combined $3.75 billion in mortgage banking income for the first quarter of 2021. While that was a modest 1.7% gain from the fourth quarter, it represented a huge 63.3% gain from the first three months of last year. (Includes data chart.)

CMBS Issuance Falters in 1Q21

April 30, 2021

John Bancroft

Then again, the fourth quarter of 2020 was a tough act to follow as CMBS issuance hit an all-time record of $86.94 billion...

Most COVID Borrowers Still Making Payments in 1Q21

April 30, 2021

John Bancroft

Fannie and Freddie reported $83.8 billion of single-family loans in MBS pools under COVID payment-deferral plans. But 91.6% of COVID borrowers were current at the end of March. (Includes data chart.)

CMBS Issuance Falters in 1Q21, Agency MF Slows

April 29, 2021

John Bancroft

There were pockets of strength in the income-property securitization market, including financing on office properties, mixed-use projects and single-family rentals. But total CMBS issuance fell from the all-time record level set in the fourth quarter of 2020. (Includes data chart.)

Originations Hit New Record in 1Q21, But Gains Uneven

April 29, 2021

John Bancroft

First-lien mortgage originations climbed 3.2% from the fourth quarter, hitting an estimated $1.305 trillion in the first three months of 2021. Agency lending continued to dominate the market. (Includes two data charts.)

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