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Home » Authors » John Bancroft

John Bancroft

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

ARTICLES

Private Mortgage Insurance Tops Purchase Market, VA Leads in Refis

January 22, 2021
John Bancroft

Private MIs were particularly strong in the purchase-loan market, with annual GSE sales of $366.87 billion — which represented 51.0% of all insured purchase loans securitized by the agencies...


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ABS Issuance Fizzles in Late 2020 as Most Sectors Decline

January 21, 2021
John Bancroft
ABS issuance rebounded from COVID-related market disruption in the third quarter but lost momentum in the fourth quarter to end 2020 down 11% from the previous year. (Includes two data charts.)
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Private MI Tops Purchase Market, VA Leads in Refi

January 21, 2021
John Bancroft
Private mortgage insurance accounted for over half of insured loans sold the agencies last year, while the VA overtook the FHA as the top government-insurance program. (Includes three data charts.)
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VA Cements Its Standing as the ‘King’ of Ginnie MBS

January 18, 2021
John Bancroft

In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.


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VA Cements its Status as Kingpin in GNMA Market

January 15, 2021
John Bancroft
The VA home loan guaranty program accounted for 54% of single-family loans securitized in Ginnie MBS last year, thanks to a roaring refinance program. (Includes four data charts.)
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Non-Agency Securitizations Still a Work in Progress. Re: COVID

January 15, 2021
John Bancroft

For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before...


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COVID Recovery is Still a Work in Progress for RMBS

January 14, 2021
John Bancroft
Issuance of prime jumbo non-agency MBS was up in 2020 despite a soft fourth quarter, but the expanded-credit mortgage sector lagged, as did securitization of reperforming loans. (Includes three data charts.)
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Agency MBS Delinquency Rates Decline in December

January 14, 2021
John Bancroft
After a slight blip higher in early-stage delinquencies in November, late-payment rates fell in December for all three agencies. (Includes data chart.)
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Nonbanks Extend Footprint in Agency MBS Servicing

January 14, 2021
John Bancroft
Freddie Mac saw the biggest gain in agency MSR during the fourth quarter, fueled by a hefty 18% increase by independent mortgage companies. Ginnie servicing fell slightly despite growth among nonbanks. (Includes two data charts.)
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The Golden State’s Share of PMI Grew in 4Q20

January 13, 2021
John Bancroft

The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.


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Featured Data

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