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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@jbancroftimf
Articles

ARTICLES

Ginnie MBS Issuance Slows in1Q20, but Heads North in March

April 6, 2020
John Bancroft

Refi volume was clearly gaining speed in March. On a combined basis, deliveries of FHA and VA refi loans grew 8.4% from February…


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GNMA MBS Issuance Slows in 1Q20, Heads Up in March

April 3, 2020
John Bancroft
The next big refinance wave in government lending may take a few months to fully hit the Ginnie Mae MBS market, but it's coming. (Includes four data charts.)
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Exclusive: The Pandemic’s Effect on MBS Issuance in 1Q20

April 3, 2020
John Bancroft

Fannie Mae, Freddie Mac and Ginnie Mae produced $478.64 billion of new single-family MBS in the first quarter of 2020, a 5.6% drop from 4Q19...


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Chaotic First Quarter Brings Sharp Drop in New Issuance

April 2, 2020
John Bancroft
The non-mortgage ABS sector stood alone as the only market to post increased production in the first quarter, but activity came to a near standstill in March. (Includes three data charts.)
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Flow of Private MI Loans to GSE MBS Slows in 1Q20

April 2, 2020
John Bancroft
Fannie Mae and Freddie Mac purchased fewer loans with private MI coverage in the first quarter of 2020, although the market was up sharply from the same period last year. (Includes four data charts.)
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On the Decline in 1Q20: GSE Acquisitions of Loans with PMI

April 2, 2020
John Bancroft

Private MI business depends heavily on purchase-mortgage activity, and that’s where Fannie and Freddie saw the biggest decline...


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Coronavirus Casts a Huge Shadow on Fannie/Freddie Business

March 30, 2020
John Bancroft

Those top GSE volume states also accounted for $1.776 trillion of GSE single-family loans outstanding at the end of last year, 37.4% of the total market.


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Coronavirus Casts Huge Shadow on GSE Business

March 27, 2020
John Bancroft
States with shelter-in-place orders accounted for 75% of the single-family home loans securitized by Fannie and Freddie last year, and 81% of jobless claims filed last week. (Includes data chart.)
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Why the Government is So Concerned About Nonbanks in a Coronavirus World

March 27, 2020
John Bancroft

While top nonbanks increased their production by 9.5% from the third quarter, depository institutions grew their volume by just 1.8%.


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Production Income Staggers in 4Q19, Servicing Improves

March 27, 2020
John Bancroft
Despite a modest gain in production volume, income from originations and secondary market fell from the third to the fourth quarter. But higher interest rates stabilized performance on the servicing side of the business. (Includes data chart.)
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