John Bancroft

GSE Sellers Put Pedal to the Metal in April MBS Volume

May 8, 2020

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.)

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.

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.)

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.)

Jumbo the Biggest Loser in 1Q20 Originations Slump

May 7, 2020

John Bancroft

Loans eligible for sale to Fannie Mae and Freddie Mac or insured by FHA or VA accounted for a huge 86.1% of first-lien originations in early 2020. Both jumbo and expanded-credit mortgage lending fell sharply in the period. (Includes two data charts.)

April Brings Record $236 Billion of Agency Business

May 7, 2020

John Bancroft

Most of the phenomenal increase in agency MBS issuance last month came from the refinance sector, though purchase volume rose smartly as well. Nonbanks led the way.

Jumbos, the Biggest Loser in the 1Q20 Originations Slump

May 7, 2020

John Bancroft

GSE and government-insured loans accounted for 86.1% of the market in early 2020, a period that featured a historic nosedive in mortgage interest rates and frenetic volatility caused by the pandemic...

Amid Coronavirus Pandemic, MBS Market Soars to Monthly Record in April

May 3, 2020

John Bancroft

Fannie Mae, Freddie Mac and Ginnie Mae pumped out a record $236.8 billion of single-family MBS in April. The previous record was $232.1 billion, set in June 2009.

John Bancroft

ARTICLES

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

Refi Wave Pushes Agency MBS Issuance to New Record in April

Refinancing Pushes Agency MBS to Record in April

GSE Portfolios Unchanged as COVID Clobbers Earnings

Jumbo the Biggest Loser in 1Q20 Originations Slump

April Brings Record $236 Billion of Agency Business

Jumbos, the Biggest Loser in the 1Q20 Originations Slump

Amid Coronavirus Pandemic, MBS Market Soars to Monthly Record in April

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