A number of nonbanks added significantly to their Freddie servicing portfolios during the first quarter, raising the industry's stake to over half of the market. Meanwhile, delinquency rates fell sharply in early 2021. (Includes two data charts.)

MSR Transfer Market Off to Puzzling Start in Early 2021

April 16, 2021

John Bancroft

Bulk transfers of Fannie and Freddie servicing rights increased significantly from the fourth quarter, but the Ginnie market was dead. New bulk buyers topped the ranking. (Includes three data charts.)

Agency Delinquency Rates Decline Sharply in 1Q21

April 16, 2021

John Bancroft

Fannie Mae, Freddie Mac and Ginnie Mae reported sharp declines in all delinquency categories during the first quarter of 2021, when loan performance typically improves. (Includes data chart.)

A Nice Comeback for Non-Agency MBS Issuance in 1Q21

April 16, 2021

John Bancroft

JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...

Prime Jumbo Drives 1Q21 Non-Agency MBS Rebound

April 15, 2021

John Bancroft

Securitization of non-agency prime and Alt A mortgages ramped up significantly in the first quarter, although subprime MBS issuance dropped to its lowest level since 2017. RPL/NPL transactions remained the biggest component in the non-agency MBS market. (Includes three data charts.)

GNMA Withdrawals Up in 1Q21, Gain Speed in March

April 15, 2021

John Bancroft

Most of the increase in Ginnie loan removals came from borrower payoffs, but servicer buyouts for loss mitigation and foreclosure rose sharply. (Includes data chart.)