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Home » Authors » John Bancroft

John Bancroft

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

ARTICLES

In 3Q20, Refis Dominated but Purchase-Lending Was No Slouch

December 3, 2020
John Bancroft

UWM reported a 69.2% jump in refi volume, while PennyMac, Freedom Mortgage, loanDepot, Mr. Cooper Group and NewRez all increased their market share as well.


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Agency MBS Issuance Surges Higher in November, New Records for Fannie and Freddie

December 2, 2020
John Bancroft

Ginnie Mae single-family MBS issuance fell slightly from October but remained at near record levels. All told, the three agencies pumped out nearly $355 billion last month, a 5% gain from October.


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With Refis Rolling, VA Production Edges Out FHA Once Again

November 29, 2020
John Bancroft

The top three VA originators in 3Q20: Freedom Mortgage, Quicken Loans and Veterans United Home Loans...


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VA Edges Further Ahead of FHA in 3Q20

November 25, 2020
John Bancroft
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.)
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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.)
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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.)
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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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View All Articles by John Bancroft

Latest Imf News

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Featured Data

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  • Nonbanks Gain More Agency Servicing Share in Second Quarter

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