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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@jbancroftimf
Articles

ARTICLES

Heads Up: Evidence of a Delinquency Deluge is Here (Ginnie)

April 15, 2020
John Bancroft

Ginnie MBS data show an increase of 72,224 loans recorded as 30 days past due from February to March. Some 56,266 of those newly delinquent loans were FHA-insured.


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The GSEs More Risk Averse in 1Q20? You Bet

April 15, 2020
John Bancroft

Only 11.22% of purchase-money mortgages purchased by the GSEs in the first quarter had FICO credit scores below 700. That was down from 12.05% in the fourth quarter and 14.66% a year ago.


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GSE MBS Production Softened in 1Q20, Nonbanks Lose Market Share

April 13, 2020
John Bancroft

In a nutshell, depository institutions managed to increase their sales of refinance loans sequentially while IMBs saw a drop...


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Primary MI Business Down in 1Q20 Agency Market

April 10, 2020
John Bancroft
California was the biggest source of first-quarter primary MI business, getting a big boost from refinance activity. (Includes data chart.)
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Non-Agency MBS Issuance Slump Expected to Last All Year Long

April 10, 2020
John Bancroft

Blood on the Non-QM tracks: Production plummeted 69.8% in March to just $3.51 billion, the lowest monthly volume since December 2017.


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GSE Credit Trends Lean More Risk Averse in 1Q20

April 10, 2020
John Bancroft
A smaller share of Fannie/Freddie purchase loans fell in the highest-risk category during the first quarter of 2020, although there was an upswing in higher-risk refinance loans. (Includes two data charts.)
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GSE MBS Volume Softens in 1Q20, Bank Share Rebounds

April 10, 2020
John Bancroft
Nonbank market share declined slightly in the first quarter largely because depository institutions were selling older loans to Fannie and Freddie. Refi business ramped up in March. (Includes two data charts.)
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Non-Agency MBS Issuance Slump Could Last All Year

April 9, 2020
John Bancroft
Analysts at Bank of America Securities predict just $3.4 billion of prime jumbo and non-QM MBS will be issued for the rest of 2020. Non-agency MBS issuance came to a near standstill in March. (Includes three data charts.)
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Issues Aplenty as Agency Market Barrels into 2020

April 9, 2020
John Bancroft
Don’t look now, but the agency MBS market started the year on a pace to rival the all-time record set back in 2003. It probably won’t last. (Includes two data charts.)
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Until the Pandemic Hit, 2020 Was Shaping Up to be a Banner Year for MBS Issuance

April 9, 2020
John Bancroft

Among the top five agency MBS issuers in the first quarter, three were nonbanks: Quicken, PennyMac and UWM, according to exclusive figures from Inside Mortgage Finance...


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