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John Bancroft

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Correspondent Platforms Register the Biggest Gains in 3Q19

December 3, 2019

Table-funding increased by 16.7% from the second quarter, hitting an estimated $98 billion in the most recent period. That’s a healthy increase and represented the strongest quarter for broker production since early 2008…

Third Quarter Brings a Decline in GSE Loan Buybacks

December 2, 2019

John Bancroft

Freddie repurchase activity has consistently exceeded Fannie levels since 2016…

GSE Loan Defects Remain Nominal in Third Quarter

November 27, 2019

John Bancroft

About 87% of buyback activity in the third quarter was related to loans sold to Fannie and Freddie in 2018 and the first half of 2019. (Includes data chart.)

Seller Buybacks of GSE Loans Decline in 3Q19

November 27, 2019

John Bancroft

Freddie repurchase activity continued to be disproportionately high in the third quarter, though GSE buybacks and the pipeline of unresolved cases fell slightly. (Includes two data charts.)

Banks' Mortgage Banking Income Rebounds in 3Q19

November 27, 2019

John Bancroft

JPMorgan Chase and Wells Fargo, which account for over 40% of the industry mortgage banking income, reported sharply different results in their third quarter call reports. (Includes data chart.)

Banks Continue Retreat From Non-Mortgage ABS

November 27, 2019

John Bancroft

TD Bank, State Street, Northern Trust and several other banks bucked the trend and increased their ABS investment during the third quarter. But the industry's total holdings fell 1.5% from June. (Includes two data charts.)

Correspondent Platforms, Retail Gain Share in 3Q19

November 27, 2019

John Bancroft

Wholesale-broker volume in the third quarter hit its highest level since early 2008 but lost market share with a relatively modest 16.7% increase from the previous period. (Includes six data charts.)

An Impressive YoY Gain in MBS for Commercial Banks

November 27, 2019

John Bancroft

At Sept. 30, banks held another $38.07 billion of MBS in trading accounts…

Retail Channel Posts Impressive Gain in FHA/VA Volume

November 26, 2019

John Bancroft

With refinance activity surging, retail platforms were kept busy writing replacement loans for their existing servicing clients.

Banks & Thrifts Add to MBS Portfolios in 3Q19

November 21, 2019

John Bancroft

Industry MBS holdings rose 3.6% to $1.98 trillion as of the end of September, with most of the gains coming in agency pass-throughs. Wells, Chase, BB&T and Citi all posted big gains, BofA not so much. (Includes two data charts.)

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