John Bancroft

Agency Market Blooms in April with New Monthly Record

May 6, 2021

Freddie Mac accounted for most of the monthly gain in single-family agency MBS issuance, which rose to $372.9 billion in April, a new all-time high for the market. (Includes two data charts.)

GSE Earnings Up in 1Q21, Retained Portfolios Decline

May 6, 2021

John Bancroft

The GSEs reported a modest decline in net interest income, which includes earnings from MBS guarantee fees. The surge in g-fee income from the adverse market fee implemented in December will be spread over the expected life of the loans. (Includes data chart.)

Servicing Market Thinning at the Top, Nonbanks Surge

May 6, 2021

John Bancroft

The fastest-growing segment of the servicing market included companies ranking sixth through 25th in total servicing. Nonbanks gained ground while depositories fell back. (Includes two data charts.

Slow Growth in the Servicing Arena, Wells Stills Leads the Pack

May 6, 2021

John Bancroft

Wells Fargo once again ranked first, followed by Cenlar, JPMorgan Chase, Mr. Cooper and Quicken Loans...

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.)

John Bancroft

ARTICLES

Agency Market Blooms in April with New Monthly Record

GSE Earnings Up in 1Q21, Retained Portfolios Decline

Servicing Market Thinning at the Top, Nonbanks Surge

Slow Growth in the Servicing Arena, Wells Stills Leads the Pack

Yet Another New Record for Agency MBS Issuance

Banks Report Slightly Higher Mortgage Income for 1Q21

Most GSE COVID Borrowers Still Making Payments...

GSE MBS Loan Removals Down Sharply in 1Q21

Agency Market Sees 1Q21 Drop in Correspondent Share

Mortgage Banking Income Up Slightly in Early 2021

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?