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John Bancroft

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GSE Purchase Loans Skid in February, Refi Taps Brakes

March 5, 2021

Although GSE single-family business volume declined from January to February, the market remained at historically high levels, especially for refinance transactions. (Includes two data charts.)

Agency MBS Issuance Eases in February but Not By Much

March 5, 2021

John Bancroft

The agencies issued $304.15 billion of new single-family MBS in February — the fifth straight month over the $300 billion mark, a level never seen until August of last year.

Agency MBS Issuance off in February, Volume Still High

March 4, 2021

John Bancroft

February marked the fifth month in a row when agency MBS issuance topped $300 billion. Although purchase-mortgage business fell significantly, refi remained strong. (Includes two data charts.)

A Strong Year for Purchase Lending but Refis Took Home the Gold

March 4, 2021

John Bancroft

Lenders originated an estimated $1.431 trillion of home-purchase loans last year, a solid 13.9% increase from 2019...

Refi Sector Closes Strong in 2020, Dwarfs Homebuying

March 4, 2021

John Bancroft

While the staggering $2.6 trillion of refinance originations in 2020 captured most of the industry's attention, the purchase-mortgage market also hit an annual record of $1.4 trillion. (Includes five data charts.)

The Mortgage Train Keeps Rolling: Refis Push Ginnie to New Monthly Record in January

March 1, 2021

John Bancroft

Refinances accounted for 55.4% of Ginnie volume last month. Purchase-mortgage business was down 2.2% from December...

Refis Push Ginnie to New Monthly Record in January

February 26, 2021

John Bancroft

A 4% monthly increase in Ginnie Mae refinance volume largely benefited the VA market, which accounted for 57% of Ginnie MBS issuance in January. (Includes two data charts.)

The Final Tally for 2020: VA MI Volume Blows Past FHA

February 26, 2021

John Bancroft

The VA share of new primary MI business jumped from 25.2% in 2019 to 30.9% last year...

REITs Still Rebuilding MBS Portfolios Slowly in 4Q20

February 25, 2021

John Bancroft

Industry-wide REIT MBS holdings expanded just 0.6% during the fourth quarter, a sharp slowdown from the growth rates in the prior two quarters. (Includes data chart.)

Bank ABS Holdings Up Modestly in 2020

February 25, 2021

John Bancroft

Banks reported substantial gains in their holdings of consumer ABS and deals backed by vehicle loans, along with steep drops in credit card and commercial securitizations. (Includes two data charts.)

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