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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@https://twitter.com/jbancroftimf
Articles

ARTICLES

Capital Markets Flex Their Muscles in 3Q20 Mortgage Boom

November 25, 2020
John Bancroft
Fed by massive originations of agency-eligible mortgages, the securitization rate rose 5.1 percentage points to 80.4% in the third quarter of 2020. That's the highest it's been since 2013. (Includes data chart.)
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A Big Comeback for Wholesale and Correspondent Lending in 3Q20

November 25, 2020
John Bancroft

The top-five retail mortgage lenders year-to-date: Quicken, Wells Fargo, Chase, Freedom Mortgage and BofA...


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Depositories Continue to Retreat from MSRs. A 3% Decline in 3Q Alone...

November 24, 2020
John Bancroft

The industry-wide servicing-for-others total was down $99.41 billion from June, a 3.0% quarterly decline. With a handful of exceptions, the banking sector has reported quarterly declines in SFO since the end of 2009.


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GSE Buybacks Edge Up in 3Q20, Blame Freddie

November 20, 2020
John Bancroft
Freddie continued to account for most GSE repurchase activity in the third quarter, but buybacks remained at historically low levels. (Includes three data charts.)
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Banks Continue Easing Back From MSR, Values Improve

November 20, 2020
John Bancroft
A lot of the decline in servicing-for-others held by banks was attributable to Wells Fargo and other big players in the market. A number of mid-sized banks grew SFO in 3Q20. (Includes two data charts.)
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Banks Gobble Up GSE MBS in Historic 3Q20 Buying Spree

November 20, 2020
John Bancroft

Federally insured depositories added a whopping $115.23 billion to their aggregate single-family MBS portfolio during 3Q20, according to Inside MBS & ABS...


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Banks Focus on GSE MBS in Historic 3Q20 Buying Spree

November 19, 2020
John Bancroft
Bank of America led a number of other large banks in the third quarter by buying Fannie and Freddie pass-throughs while reducing its Ginnie MBS holdings. (Includes two data charts.)
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Stampede to Conventional-Conforming Market in 3Q20

November 19, 2020
John Bancroft
Conventional-conforming production accounted for a whopping 72% of first-lien originations during the third quarter. Government lending also boomed, but non-agency was down. (Includes two data charts.)
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A 3Q Stampede Into Conventional-Conforming

November 18, 2020
John Bancroft

The estimated $822 billion of conventional-conforming lending set a quarterly record and represented 72.1% of the huge third-quarter wave of mortgage originations.


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Agency MBS Delinquency Rates Decline in October

November 17, 2020
John Bancroft

While early-payment default rates showed bigger declines, the rate for loans in the most serious delinquency categories remained relatively high. Across all three agencies, 2.92% of loans were four months or more past due, down slightly from the previous month.


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