John Bancroft

1Q20 Drilldown: Pandemic Brings Huge Decline in REIT MBS Holdings

May 15, 2020

Non-agency MBS holdings fell only $13.77 billion, but that represented a 64.9% decline.

COVID Brings Huge Drop in REIT MBS Holdings in 1Q20

May 14, 2020

All 17 publicly traded REITs reported double-digit declines in their MBS portfolios during the first quarter, with six institutions now with portfolios less than $1 billion. (Includes data chart.)

Private MIs Lose Share in 1Q20; VA Usurps FHA

May 14, 2020

John Bancroft

Heavy refinance activity pushed FHA and VA endorsements higher in the first quarter of 2020, while private MIs raised prices and braced for the impact of COVID-19. (Includes three data charts.)

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.)

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%.

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.

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...

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.)

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.)

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.)

John Bancroft

ARTICLES

1Q20 Drilldown: Pandemic Brings Huge Decline in REIT MBS Holdings

COVID Brings Huge Drop in REIT MBS Holdings in 1Q20

Private MIs Lose Share in 1Q20; VA Usurps FHA

Early-Stage Delinquencies Up Sharply in Agency MBS

Private MIs Lose Market Share in 1Q20; VA Program Usurps FHA

Early-Stage Delinquencies Up Sharply in April Agency MBS Reading

Depositories Saw Modest Boost in Mortgage Banking Income in 1Q20

GSE Sellers Put Pedal to the Metal in April MBS Volume

Banks See Modest Boost in Mortgage Banking Income

1Q20 Agency Market Gives Way to Rambunctious April

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