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John Bancroft

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Agency Originations Capture Heavy 4Q19 Increase in Refi

February 5, 2020

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.)

Banks Report Softer 4Q19 Mortgage Banking Income

January 31, 2020

John Bancroft

Wells Fargo and Chase continue to dominate the industry, accounting for over half the combined mortgage banking income for 21 top banks. Group in-come was down in the fourth quarter, but a strong second half lifted annual earnings over 2018 levels. (Includes data chart.)

GSE Credit-Risk Transfers Finish 2019 With Flourish

January 30, 2020

John Bancroft

Fannie's massive CAS deal backed by seasoned HARP loans drove credit-risk note offerings to a record $4.54 billion in the fourth quarter of 2019. (Includes data chart.)

CLO Issuance Up in 4Q19 But Not Enough to Catch 2018

January 30, 2020

John Bancroft

The drop in total CLO production last year resulted from a decline in refi transactions. Issuance of new deals was up 15% from 2018 to 2019. (Includes data chart.)

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