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John Bancroft

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REIT MBS Holdings Fall Slightly in Volatile Third Quarter

November 15, 2019

Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…

REIT MBS Holdings Down Slightly in Volatile 3Q19

November 14, 2019

John Bancroft

Increased interest volatility and widening spreads challenged REIT MBS investors in the third quarter as both agency and non-agency holdings declined. (Includes data chart.)

GSEs Expand Retained Mortgage Portfolio in 3Q19

November 14, 2019

John Bancroft

The combined mortgage portfolio of Fannie and Freddie increased by $9 billion during the third quarter, largely as a result of a growing securitization pipeline. (Includes data chart.)

New Primary MI Volume Nears Record in 3Q

November 14, 2019

John Bancroft

The private MI industry wrote $118.2 billion of new insurance during the third quarter, coming within a whisker of matching the all-time high set 16 years ago. (Includes two data charts.)

Primary MI Volume Inches Toward New Record in 3Q19

November 14, 2019

John Bancroft

The number-one-ranked MI firm has a market share of 19.6%. The number-five-ranked shop is at 16.1%. Quite a foot race…

Ginnie Sets New Record for Monthly MBS Issuance

November 11, 2019

John Bancroft

October was also unusual because the flow of VA loans into Ginnie MBS exceeded the intake of FHA loans. That’s the first month of VA supremacy over FHA since the beginning of 2017 and perhaps in Ginnie’s history.

Ginnie Sets Monthly MBS Issuance Record in October

November 8, 2019

John Bancroft

Issuers last month produced a record $57.6 billion of Ginnie MBS backed by forward mortgages. While the flow of purchase loans rose modestly, the key growth engine was the refinance market. (Includes two data charts.)

Thanks to Refis, October Agency MBS Issuance Hits Peak for the Year

November 8, 2019

John Bancroft

PennyMac Financial Services was the most active seller-issuer in October with $15.73 billion. Quicken Loans was close behind at $14.10 billion…

Agency MBS Market Tacks in October as Refis Swell

November 7, 2019

John Bancroft

Continued growth in the refinance market pushed new agency MBS issuance slightly higher in October, offsetting further softening in the purchase-mortgage business. (Includes two data charts.)

Agency Market Rides Heavy Refi Wave in Third Quarter

November 7, 2019

John Bancroft

Third quarter production of government-insured loans looks like an all-time record, while the conventional-conforming market saw its biggest output since 2003. (Includes two data charts.)

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