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John Bancroft

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Agency MBS Issuance Holds Strong in Midwinter Lull

February 6, 2020

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.

A Milestone: Conventional Production Highest Since 3Q 2003

February 6, 2020

John Bancroft

Government-insured lending wasn’t far behind. An estimated $165.0 billion of government loans were originated in the fourth quarter, up 8.6% from the prior period.

Agency Originations Capture Heavy 4Q19 Increase in Refi

February 5, 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. (Includes two data charts.)

GSE Credit-Risk Transfers Set Record in 4Q19

February 5, 2020

John Bancroft

The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period…

JPM and Wells Fargo Losing Interest in Agency Servicing?

February 5, 2020

John Bancroft

Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing…

A Slight Gain in Servicing Transfers as Older Transactions Close

February 4, 2020

John Bancroft

NewRez was the top buyer of agency bulk mortgage servicing rights in 2019, according to a new tally from Inside Mortgage Trends...

Nonbank Share of GSE MBS Issuance Up Sharply Last Year

February 3, 2020

John Bancroft

Nonbanks took huge strides in GSE servicing as well: Their combined portfolio rose 10.4% from 2018 to $2.009 trillion…

Nonbank Share of GSE MBS Business Up Sharply in 2019

January 31, 2020

John Bancroft

Independent mortgage bankers became the largest source of new single-family loans for Fannie and Freddie MBS in 2019, while significantly expanding their share of the GSE servicing market. (Includes data chart.)

MSR Transfers Up in 4Q19 As Older Transactions Close

January 31, 2020

John Bancroft

NewRez, Lakeview and Mr. Cooper ranked as the top bulk buyers of agency servicing in 2019. Coissuance volume was flat in the fourth quarter despite a rise in overall agency securitization. (Includes three data charts.)

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