John Bancroft

Prime Jumbo Drives 1Q21 Non-Agency MBS Rebound

April 15, 2021

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.)

Uneven Growth in Agency MSR Market for 1Q21

April 15, 2021

John Bancroft

Nonbanks continued to amass agency servicing market share in early 2021 as many depository institutions allowed their portfolios to shrink.

Lopsided Growth in Agency Servicing Market in 1Q21

April 15, 2021

John Bancroft

Freddie saw a huge gain in single-family servicing in early 2021, especially among nonbank servicers, while slumping FHA production led to a decline in Ginnie servicing. (Includes two data charts.)

In 1Q21, A Record $92.3 Billion for VA Refis

April 12, 2021

John Bancroft

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...

Refinance Pushes VA Ahead in 1Q21 Government Market

April 9, 2021

John Bancroft

Freedom Mortgage remained the top Ginnie MBS issuer in the first quarter, though third-ranked Quicken Loans posted a mighty 47% gain from the prior period. Some 57% of loans securitized by Ginnie had VA guarantees. (Includes four data charts.)

Structured Finance Market Off to Solid Start in 1Q21

April 9, 2021

John Bancroft

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.

Slowdown in Agency MBS Weighs on 1Q21 Issuance

April 8, 2021

John Bancroft

Slumping purchase-mortgage business in the agency MBS market was a big factor in the 6% downturn in total MBS-ABS-CMBS issuance in the first quarter of 2021. Agency business rebounded in March, however.

A Change by FHFA Sparks Disruptions in NOO Trading

April 8, 2021

Paul Muolo and John Bancroft

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%...

John Bancroft

ARTICLES

Prime Jumbo Drives 1Q21 Non-Agency MBS Rebound

GNMA Withdrawals Up in 1Q21, Gain Speed in March

Uneven Growth in Agency MSR Market for 1Q21

Lopsided Growth in Agency Servicing Market in 1Q21

In 1Q21, A Record $92.3 Billion for VA Refis

Refinance Pushes VA Ahead in 1Q21 Government Market

Structured Finance Market Off to Solid Start in 1Q21

Slowdown in Agency MBS Weighs on 1Q21 Issuance

A Change by FHFA Sparks Disruptions in NOO Trading

In 1Q21, A Downdraft for Purchase-Money Securitizations

Latest Imf News

Servicing Portfolios Decline at Rocket, Chase in 3Q

Onity Adjusting MSR Acquisition Strategy, Subservicing

Ending GSE Conservatorship by 2028 Looks Unlikely

Consumer Advocates Seek Stronger Regulation of HEIs

Featured Data

Top Ginnie Servicers Increase Portfolios in Third Quarter

Major Lenders Pull Back on ECM MBS in 3Q

Resets Drive CLO/CDO Issuance Higher in 3Q

Originations Tumble 16% in Third Quarter

Featured Reports

Mortgage Profitability Report 2Q26 (PDF)

Guide to Mortgage Lending to First-Time Homebuyers

Mortgage Servicing Rights Report: 2Q26 (PDF)

Lender Profiles 2Q26: Top 25 (PDF)

Featured Poll

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