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John Bancroft

jbancroft@imfpubs.com

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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.)

VA Share of Primary MI Continued to Grow in 2020

February 25, 2021

John Bancroft

The VA home loan program surged past the FHA in new business in 2020. Thanks to its rapid-refi option, the VA also took market share away from private MIs. (Includes three data charts.)

A Spike in GSE Loan Buyback Requests

February 22, 2021

John Bancroft

There was another $728.4 million of unresolved buyback demands still pending at the end of the fourth quarter...

A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY

February 21, 2021

John Bancroft

The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.

4Q20 GSE Buyback Activity Rises with Soaring Issuance

February 19, 2021

John Bancroft

Repurchases were up in the fourth quarter of 2020, with Freddie still representing a disproportionate share of the action. Most claims are resolved without a buyback. (Includes three data charts.)

Bank Mortgage Income Off in 4Q20, But What a Year

February 19, 2021

John Bancroft

Banks reported $22.5 billion in mortgage banking income in 2020, according to call reports. Long-time industry leader Wells Fargo had a rough ride. (Includes data chart.)

Banks Gobble Up MBS in 4Q20, BofA Leads the Way

February 18, 2021

John Bancroft

Bank of America, the largest MBS investor in the banking industry, added $108.26 billion of GSE pass-throughs to its portfolio during the fourth quarter.

Big Banks Load up on GSE Pass-Through MBS in 4Q20

February 18, 2021

John Bancroft

Bank of America increased its MBS portfolio by a whopping $93.5 billion during the fourth quarter. Big gains were also reported by Chase, Schwab and Truist. (Includes two data charts.)

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