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John Bancroft

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VA Edges Further Ahead of FHA in 3Q20

November 25, 2020

Freedom Mortgage ranked as the top FHA lender and the top VA lender at the nine-month mark, though the competition was catching up on the VA side. (Includes three data charts.)

TPO Market Makes a Rebound in 3Q20, But Retail Still Reigns

November 25, 2020

John Bancroft

The primary market looked a little more like normal in the third quarter, with correspondents and mortgage brokers regaining some ground. Traditional retail still accounted for an historically large share of production. (Includes six data charts.)

Bank ABS Holdings Down in 3Q20, Card Sector Off

November 25, 2020

John Bancroft

The top five bank investors in the ABS market all reported substantial declines in their holdings during the third quarter. One bright spot was investment in the surging consumer ABS market. (Includes two data charts.)

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.)

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...

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.

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.)

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.)

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...

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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