John Bancroft

Freddie Boosts GSEs to New Monthly MBS Record in July

August 14, 2020

Freddie commemorated its 50th year in business with a landmark $107.6 billion in new single-family business, its biggest output ever. The GSEs could set a new annual record by the time 2020 is over. (Includes two data charts.)

Nonbanks Post Big Gain in Mortgage Banking Income

August 14, 2020

John Bancroft

PennyMac continued to lead nonbanks in profitability, generating a hefty $475.7 million in net income on its mortgage banking operations for the second quarter. Mr Cooper bounced back from a first-quarter loss while New Residential made strides toward recovery. (Includes data chart.)

Retail the Biggest Winner in 2Q Surge in Agency Business

August 14, 2020

John Bancroft

Correspondent production accounted for just 25% of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter, down from 37.0% in the previous period. (Includes two data charts.)

Good News on Agency (MBS) Delinquency Rates?

August 14, 2020

John Bancroft

There’s a big disparity between default rates on Fannie/Freddie loans and government-insured loans in Ginnie MBS. The combined total delinquencies for the government-sponsored enterprises was 4.13%, compared with Ginnie’s 10.81%.

Pandemic Volatility Throttles CLO/CDO Market in 2Q20

August 13, 2020

John Bancroft

New CLO issuance fell sharply from the first quarter of 2020 to the second. Upheaval caused by COVID-19 led to widespread downgrades of borrowers backing CLO deals, though most senior bonds still have a favorable outlook. (Includes data chart.)

GSE Risk-Transfer Market Nearly Silenced in 2Q20

August 13, 2020

John Bancroft

Neither Fannie nor Freddie issued any new credit-risk-transfer bonds during the second quarter, although Freddie resumed production in July. (Includes data chart.)

Private MIs Regain Market Share but Earnings Crushed

August 13, 2020

John Bancroft

Private MIs posted bigger gains in new insurance written than FHA and VA during the second quarter. But soaring delinquencies and related expenses nearly wiped out industry earnings. (Includes three data charts.)

A Dicey 2Q20 for MI Firms: A Gain in Market Share, but Profits Plummet

August 13, 2020

John Bancroft

New VA home guaranty business continued to boom, rising 21.8% from the first quarter to a record $100.52 billion. But FHA single-family endorsements fell 5.9% to $73.19 billion over that period.

Agency Delinquency Rates Appeared to Peak in June

August 13, 2020

John Bancroft

Although the share of loans four or more payments past due continued to climb in July, total delinquencies and early-stage default rates were lower. (Includes data chart.)

Another Monthly Record for Ginnie MBS Issuance

August 10, 2020

John Bancroft

Through the first seven months of 2020, Ginnie issued $400.14 billion of single-family MBS, excluding deals backed by FHA reverse mortgages.

John Bancroft

ARTICLES

Freddie Boosts GSEs to New Monthly MBS Record in July

Nonbanks Post Big Gain in Mortgage Banking Income

Retail the Biggest Winner in 2Q Surge in Agency Business

Good News on Agency (MBS) Delinquency Rates?

Pandemic Volatility Throttles CLO/CDO Market in 2Q20

GSE Risk-Transfer Market Nearly Silenced in 2Q20

Private MIs Regain Market Share but Earnings Crushed

A Dicey 2Q20 for MI Firms: A Gain in Market Share, but Profits Plummet

Agency Delinquency Rates Appeared to Peak in June

Another Monthly Record for Ginnie MBS Issuance

Latest Imf News

M&A Reshuffles Top GSE Sellers Ranking

Refinance Incentives Surged in January

Lenders Buying Up Trigger Leads Ahead of Ban

Mortgage Fraud Risk Grew Slightly in 4Q

Featured Data

Mortgage Complaints to CFPB Tick Up in Fourth Quarter

Agency MSR Transfers Pick Up in Fourth Quarter of 2025

Record Year for CLO, But Issuance Slowed in 4Q25

Originations Increase in Fourth Quarter With Refi Push

Featured Reports

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

IMF HMDA Dashboard: 2024

Top Mortgage Players: 3Q25 (PDF)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?