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John Bancroft

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In the G-Fee Race, Freddie Finishes First

February 14, 2020

John Bancroft

Fannie’s average g-fee in the fourth quarter was up as well, but by just one basis point.

Freddie Gains Level Playing Field in 4Q19 GSE Market

February 13, 2020

John Bancroft

For the first time, Freddie was able to charge a higher average g-fee for new single-family business during the fourth quarter of 2019. Pricing disparity was a key driver in the development of the uniform MBS.

Securitization Rates Nudge Up in 4Q19, Still Trail 2018

February 13, 2020

John Bancroft

Issuance of single-family MBS backed by newly originated loans rose 12.3% from the third to the fourth quarter, while primary-market production was up just 7.9%. (Includes data chart.)

Brokers Post Banner Year in 2019, Retail Gains in 4Q19

February 13, 2020

John Bancroft

The wholesale-broker market was the fastest-growing production channel in 2019 and reached its strongest annual volume since the financial crisis. Retail saw bigger gains in the fourth quarter as refinance volume spiked. (Includes six data charts.)

Mortgage Broker Market Share Reaches a Milestone: Best Since the Financial Crisis

February 13, 2020

John Bancroft

An estimated $334.0 billion of home loans were originated through the wholesale-broker channel last year, a 76.7% gain from 2018.

Still Rising: Ginnie Mae MBS Issuance

February 11, 2020

John Bancroft

January's volume represented the second-highest monthly issuance of forward-mortgage Ginnie securities on record.

Ginnie MBS Issuance Starts 2020 With Unexpected Gain

February 7, 2020

John Bancroft

Overall volume was up for both purchase and refinance loans as Ginnie posted its second-highest monthly MBS issuance. VA provided most of the oomph. (Includes two data charts.)

A Mortgage Slowdown Afoot? Hardly. Agency MBS Issuance Stays Strong

February 7, 2020

John Bancroft

Fun fact: January’s new issuance was more than double the total produced in the first month of 2019.

Agency MBS Issuance Holds Strong in Midwinter Lull

February 6, 2020

John Bancroft

The increase in agency MBS from December to January came from the Ginnie program, which has a slower securitization process than Fannie and Freddie. And some loans may have been held back to benefit from higher loan limits. (Includes two data charts.)

Agency Originations Capture Heavy 4Q19 Increase in Refis

February 6, 2020

John Bancroft

In late 2019, conventional-conforming originations hit their highest quarterly volume since the epic 2003 mortgage market. Government lending wasn't far behind.

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