John Bancroft

Ginnie MBS Issuance Hits Seasonal Skid in February

March 6, 2020

Refinance business held up better than the purchase market in February, and a handful of issuers actually increased their Ginnie MBS activity. (Includes two data charts.)

Non-Agency Jumbo Market Lost Some Steam in 4Q19

March 6, 2020

John Bancroft

While traditional non-agency jumbo lending lagged the overall market, the conforming-jumbo business was cracking. Fannie Mae, Freddie Mac and Ginnie Mae securitized $51.15 billion of single-family loans above last year’s $484,350 limit for one-unit properties.

Agency MBS Creation Slowed in February. However…

March 6, 2020

John Bancroft

The top two agency MBS issuers in February? Answer: Nonbanks Quicken Loans and PennyMac…

Monthly 1-4 Fam Agency MBS Issuance Down in February

March 5, 2020

John Bancroft

Freddie Mac saw a much bigger decline in monthly volume than Fannie Mae and Ginnie Mae. February issuance suggests a tapering in refinance demand. (Includes two data charts.)

Jumbo Market Loses Some Steam in Late 2019 Boom

March 5, 2020

John Bancroft

Fannie, Freddie and Ginnie securitized $51.1 billion of conforming-jumbo loans in the fourth quarter of 2019, but that represented 29.5% of total jumbo production. (Includes three data charts.)

Bank Mortgage Earnings Didn’t Move the Needle Much in 4Q19

March 2, 2020

John Bancroft

For the year banks and thrifts earned $13.54 billion from mortgage banking, a 14.2% decline from 2018.

Seller Buybacks Drop Again But Dispute Pipeline Grows

February 28, 2020

John Bancroft

Although only a minuscule share of GSE loans are subject to buyback requests, officials still keep a spotlight on the issue. Fannie recently refreshed its seller QC self-assessment. (Includes data chart.)

Most GSE Buyback Claims Resolved in Seller’s Favor

February 28, 2020

John Bancroft

Fannie Mae posted significantly lower loan repurchase numbers than Freddie Mac for the fourth quarter, at the same time withdrawing a relatively larger share of buyback claims. (Includes two data charts.)

Banks See Modest Earnings Gains from Mortgage Banking

February 28, 2020

John Bancroft

Wells Fargo and JPMorgan Chase, the top banks in mortgage banking income, saw significant quarter-to-quarter volatility in 2019. Flagstar pulled itself out of a rut in the fourth quarter but still posted a hefty net mortgage banking loss for the year. (Includes data chart.)

Banks Up Their Holdings of Non-Mortgage ABS in 4Q19

February 27, 2020

John Bancroft

The biggest asset categories, consumer finance and credit cards, saw declines in bank investment during the fourth quarter, but the industry added ABS backed by auto loans, business finance notes and leases.

John Bancroft

ARTICLES

Ginnie MBS Issuance Hits Seasonal Skid in February

Non-Agency Jumbo Market Lost Some Steam in 4Q19

Agency MBS Creation Slowed in February. However…

Monthly 1-4 Fam Agency MBS Issuance Down in February

Jumbo Market Loses Some Steam in Late 2019 Boom

Bank Mortgage Earnings Didn’t Move the Needle Much in 4Q19

Seller Buybacks Drop Again But Dispute Pipeline Grows

Most GSE Buyback Claims Resolved in Seller’s Favor

Banks See Modest Earnings Gains from Mortgage Banking

Banks Up Their Holdings of Non-Mortgage ABS in 4Q19

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