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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@jbancroftimf
Articles

ARTICLES

Resets Drive Huge Increase in CLO Issuance in 3Q

October 23, 2025
John Bancroft
CLO reset transaction volume more than doubled from the second quarter to the third to account for 62% of total CLO issuance. New CLO issuance was running about 11% ahead of the pace set in the first nine months of 2024.
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Spec-Pool Share Rises in 3Q, Shift to Empire State

October 23, 2025
John Bancroft
Issuance of specified-pool MBS in the third quarter was up 21.5% at Freddie Mac. The biggest increase was in pools of loans on New York properties.
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Agency Servicing Outstanding Shifting to Higher Rates

October 17, 2025
John Bancroft
The amount of agency servicing with coupons over 6.0% increased by 10.2% during the third quarter.
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Cars, Students and Businesses Push ABS to Record Issuance

October 16, 2025
John Bancroft
The securitization of vehicle loans and financing for a range of businesses powered an all-time record of $107.7 billion of ABS issuance during the third quarter. Carmakers dominated the issuer ranking. (Includes three data tables.)
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Ginnie Provides All the 3Q Gain in Agency Servicing

October 16, 2025
John Bancroft
There was nearly $2 trillion in agency mortgage servicing with coupons over 6% at the end of the third quarter, a bounty of refinance business if mortgage interest rates decline. (Includes two data tables.)
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HEL MBS Issuance Reaches Highest Levels Since 2007

October 13, 2025
John Bancroft
Rocket was the top issuer of HEL deals in the third quarter, increasing its issuance 27.8% from the second quarter.
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Purchase Mortgages Lift Agency Market in 3Q Gains

October 10, 2025
John Bancroft
Purchase-mortgage securitizations held agency acquisitions afloat in the third quarter.
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ECM Lifts Non-Agency MBS to Post-Crash High in 3Q

October 9, 2025
John Bancroft
Expanded-credit MBS and securitizations of home equity loans helped push issuance of non-agency MBS in the third quarter of 2025 to a level last seen in 2007. (Includes three data tables.)
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Purchase Mortgages Lift Agency Market in Third Quarter

October 9, 2025
John Bancroft
Agency refinance business slowed significantly in the third quarter, and the market seemed to turn in September as purchase-mortgage volume also declined. (Includes two data tables.)
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Single-Family MBS Issuance Lags Other Sectors in 3Q

October 8, 2025
John Bancroft
Issuance of commercial MBS and non-mortgage ABS increased at a faster pace during the third quarter than issuance of residential MBS.
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View All Articles by John Bancroft

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