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Home » Authors » John Bancroft

John Bancroft

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

ARTICLES

Early-Stage Delinquencies Up Sharply in Agency MBS

May 14, 2020
John Bancroft and Brandon Ivey
Delinquencies on mortgages in agency MBS surged in April amid financial difficulties prompted by the coronavirus. Loans were performing well before the pandemic. (Includes data chart.)
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Private MIs Lose Market Share in 1Q20; VA Program Usurps FHA

May 14, 2020
John Bancroft

New insurance written by the industry’s six active private MIs fell 13.8% from the fourth quarter, while combined FHA/VA production rose 6.2%.


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Early-Stage Delinquencies Up Sharply in April Agency MBS Reading

May 12, 2020
John Bancroft

The biggest surge was in the Ginnie Mae program, where 818,657 loans were classified as 30- to 60-days past due as of the end of April, or 7.02% of the overall Ginnie portfolio. That was up 352,397 loans from the end of March.


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Depositories Saw Modest Boost in Mortgage Banking Income in 1Q20

May 11, 2020
John Bancroft

A group of 21 banks reported a combined $2.28 billion of mortgage banking income during the first three months of 2020...


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GSE Sellers Put Pedal to the Metal in April MBS Volume

May 8, 2020
John Bancroft
Heavy refinance volume pushed Fannie/Freddie MBS production to $175.5 billion in April, one of the highest monthly totals in GSE history. Nonbanks continued to lead the charge. (Includes two data charts.)
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Banks See Modest Boost in Mortgage Banking Income

May 8, 2020
John Bancroft
Despite substantial declines in mortgage banking profitability at Wells Fargo and JPMorgan Chase, the banking industry saw a modest gain in earnings during the first quarter. (Includes data chart.)
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1Q20 Agency Market Gives Way to Rambunctious April

May 8, 2020
John Bancroft
Agency MBS issuance declined modestly from the fourth quarter of 2019 to first quarter of this year. But volume soared abruptly in April, along with signs of COVID-19 stress. (Includes two data charts.)
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Refi Wave Pushes Agency MBS Issuance to New Record in April

May 8, 2020
John Bancroft

Total agency issuance, including FHA reverse mortgage MBS, hit $236.81 billion last month, an all-time monthly high.


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Refinancing Pushes Agency MBS to Record in April

May 7, 2020
John Bancroft
Fannie and Freddie saw huge gains last month as total agency MBS issuance soared to an all-time record. Heavy refinance activity was the biggest factor. (Includes two data charts.)
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GSE Portfolios Unchanged as COVID Clobbers Earnings

May 7, 2020
John Bancroft
Fannie and Freddie reported sharp drops in net income in 1Q as they substantially boosted loss reserves in anticipation of the impact of COVID-19. G-fee pricing between the two came into closer alignment. (Includes data chart.)
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