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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@jbancroftimf
Articles

ARTICLES

It’s Official: Among the Top 50 Servicers, Banks are the Minority Party

February 4, 2021
John Bancroft

Total servicing held by depository institutions slipped 2.9% during the fourth quarter, shrinking their share of the top-50 market to 48.7%.


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A Sign of the Times: VA Servicing Continues to Gain Ground

February 2, 2021
John Bancroft

The volume of FHA loans was down 4.2% for the year, including a 1.8% drop from the third to the fourth quarter. But at $1.114 trillion, FHA loans continued to represent the dominant slice of the Ginnie pie...


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CMBS Issuance Down in 2020 but It Could’ve Been Worse

January 31, 2021
John Bancroft

Agency multifamily MBS programs accounted for 72.2% of total commercial mortgage securitization in 2020, their most dominant share since the immediate aftermath of the financial crisis.


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VA Servicing Market Gains Ground as FHA Retreats

January 29, 2021
John Bancroft
Ginnie Mae MBS at the end of 2020 included $773.5 billion of VA loans, a 9.5% increase from the previous year, while the FHA sector posted a 4.2% decline over that period. (Includes four data charts.)
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Liquidations of Loans from Ginnie MBS Up Sharply in 2020

January 29, 2021
John Bancroft

Liquidations of loans from Ginnie Mae MBS nearly doubled in 2020 on an annual basis.


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Agency Multifamily MBS Props up Sagging CMBS

January 28, 2021
John Bancroft
Non-agency CMBS issuance last year sank to its lowest production level since 2012 and key real estate sectors remain under stress. But the agency multifamily MBS programs continued to grow. (Includes data chart.)
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Heavy Refi Flow Drives Spike in GNMA Removals

January 28, 2021
John Bancroft
Some $714 billion of loans were removed from Ginnie MBS last year, with about 86% of them representing borrower payoffs. Repurchases of delinquent loans were also up sharply from 2019. (Includes two data charts.)
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Mortgage Lending Rockets Over $4 Trillion in 2020

January 28, 2021
John Bancroft
Mortgage production exploded in the second half of the year, pushing 2020 past the all-time high set back in 2003. Agency business and nonbanks saw the biggest gains. (Includes two data charts.)
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ABS Issuance Fizzles in 4Q20, All Sectors Sharing the Pain

January 27, 2021
John Bancroft

The market produced $42.61 billion of new ABS in the fourth quarter, a 38.7% decline from the previous three-month period. That brought year-to-date issuance to $202.02 billion, down 11.0% from 2019.


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Agency MSR Market Gains Ground as Sales Rise in 4Q20

January 22, 2021
John Bancroft
A significant chunk of the big fourth-quarter increase in agency MSR transfers came from Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing. But total servicing transfers for 2020 fell well short of recent years. (Includes three data charts.)
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