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John Bancroft

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Japan Top Foreign Investor in U.S. MBS/ABS in 2Q19

March 12, 2020

Foreign investors boosted their holdings of U.S. agency MBS by 13.4% from June 2018 to the middle of last year, with big gains posted by Japan and China. (Includes data chart.)

Home-Equity Lending Sags in 4Q19, Giving Way to Refi

March 12, 2020

John Bancroft

The outstanding supply of home-equity debt fell close to the $500 billion mark in late 2019, and depository HELOC holdings dropped to $402 billion. (Includes three data charts.)

Ginnie MBS Issuance Hit a Seasonal Skid in February

March 10, 2020

John Bancroft

The top 10 Ginnie Mae issuers in February were all nonbanks, with PennyMac and Freedom Mortgage ranking first and second, respectively…

Ginnie MBS Issuance Hits Seasonal Skid in February

March 6, 2020

John Bancroft

Refinance business held up better than the purchase market in February, and a handful of issuers actually increased their Ginnie MBS activity. (Includes two data charts.)

Non-Agency Jumbo Market Lost Some Steam in 4Q19

March 6, 2020

John Bancroft

While traditional non-agency jumbo lending lagged the overall market, the conforming-jumbo business was cracking. Fannie Mae, Freddie Mac and Ginnie Mae securitized $51.15 billion of single-family loans above last year’s $484,350 limit for one-unit properties.

Agency MBS Creation Slowed in February. However…

March 6, 2020

John Bancroft

The top two agency MBS issuers in February? Answer: Nonbanks Quicken Loans and PennyMac…

Monthly 1-4 Fam Agency MBS Issuance Down in February

March 5, 2020

John Bancroft

Freddie Mac saw a much bigger decline in monthly volume than Fannie Mae and Ginnie Mae. February issuance suggests a tapering in refinance demand. (Includes two data charts.)

Jumbo Market Loses Some Steam in Late 2019 Boom

March 5, 2020

John Bancroft

Fannie, Freddie and Ginnie securitized $51.1 billion of conforming-jumbo loans in the fourth quarter of 2019, but that represented 29.5% of total jumbo production. (Includes three data charts.)

Bank Mortgage Earnings Didn’t Move the Needle Much in 4Q19

March 2, 2020

John Bancroft

For the year banks and thrifts earned $13.54 billion from mortgage banking, a 14.2% decline from 2018.

Seller Buybacks Drop Again But Dispute Pipeline Grows

February 28, 2020

John Bancroft

Although only a minuscule share of GSE loans are subject to buyback requests, officials still keep a spotlight on the issue. Fannie recently refreshed its seller QC self-assessment. (Includes data chart.)

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