John Bancroft

The Pandemic Effect? GSE FICO Scores Head North in 2Q20

July 22, 2020

Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter.

Data Reveals a Shift From Servicing-Released to Servicing-Retained

July 20, 2020

John Bancroft

The top five servicers saw a combined 2.8% drop in MSRs...

GSE Servicing Fragments in 2Q20, Forbearance Totals Up

July 17, 2020

John Bancroft

Hundreds of smaller GSE sellers retained more servicing in the second quarter than they usually do, setting the stage for increased bulk MSR trades when buyers get more confident. (Includes two data charts.)

GSE Refi Market Leans to Lower-Risk Loans in 2Q20

July 17, 2020

John Bancroft

Only 9.2% of refi loans sold to Fannie and Freddie in the second quarter had credit scores below 700, the lowest such concentration on record. (Includes two data charts.)

California Loses Ground in Surging 2Q20 MI Market

July 17, 2020

John Bancroft

The Golden State still ranked tops in most primary mortgage insurance categories during the second quarter, but Texas gained in many products. (Includes data chart.)

Bank Mortgage Repurchases Stay Low, But Rise in 1Q20

July 17, 2020

John Bancroft

Bank home-mortgage repurchases totaled just $372.6 million in the first quarter of 2020, the second-lowest total on record. (Includes data chart.)

Private MI Firms Gain Market Share in 2Q20

July 17, 2020

John Bancroft

The biggest gain in the government market was in VA loans, where quarterly volume was up 23.5%...

Non-Agency RMBS Issuance Hit Hard by COVID in 2Q20

July 16, 2020

John Bancroft

Securitization of expanded-credit mortgages was the only non-agency sector to see increased issuance during the tumultuous second quarter of 2020. Jumbo and scratch-and-dent production fell sharply from the first quarter. (Includes two data charts.)

Private MI Share of Insured Agency Market Up in 2Q20

July 16, 2020

John Bancroft

A big surge of conventional refinance loans helped private MIs boost their share of the insured agency market to 44% in the second quarter, although purchase loans continued to account for most PMI business. (Includes two data charts.)

Collapse of MSR Market Skews Agency Servicing

July 16, 2020

John Bancroft

Independent mortgage companies for the first time serviced more than half of the single-family loans in agency MBS at midyear. But many high-ranked servicers saw declines in their agency servicing portfolios. (Includes two data charts.)

John Bancroft

ARTICLES

The Pandemic Effect? GSE FICO Scores Head North in 2Q20

Data Reveals a Shift From Servicing-Released to Servicing-Retained

GSE Servicing Fragments in 2Q20, Forbearance Totals Up

GSE Refi Market Leans to Lower-Risk Loans in 2Q20

California Loses Ground in Surging 2Q20 MI Market

Bank Mortgage Repurchases Stay Low, But Rise in 1Q20

Private MI Firms Gain Market Share in 2Q20

Non-Agency RMBS Issuance Hit Hard by COVID in 2Q20

Private MI Share of Insured Agency Market Up in 2Q20

Collapse of MSR Market Skews Agency Servicing

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Top Ginnie Servicers Increase Portfolios in Third Quarter

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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?