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John Bancroft

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Another Big Month for Ginnie MBS Issuance

October 2, 2019

John Bancroft

Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…

Refi Business Spurs Another Big Month in GNMA MBS

September 27, 2019

John Bancroft

Ginnie single-family MBS issuance rose 12.8% from July to $50.41 billion, the highest monthly production figure since September 2016. (Includes two data charts.)

Plenty of Investors Saddle Up to the MBS Bar as the Fed Cuts Back

September 27, 2019

John Bancroft

Recent Treasury Department figures show foreign holdings of agency MBS grew by $42.9 billion from March to June…

Plenty of Investors Willing to Buy as Fed Sheds MBS

September 26, 2019

John Bancroft

Commercial banks, foreign investors and mortgage REITs all posted big increases in MBS holdings as net new issuance continued to grow and the Fed pared its holdings. (Includes two data charts.)

Servicing Tied to MBS Up in 2Q19; Bank Portfolio Grows

September 26, 2019

John Bancroft

Banks and thrifts reported substantial growth in their retained home mortgages, including a surge in ARM holdings. Freddie was the fastest-growing MBS market.

Servicing Tied to MBS Up in 2Q19. Bank Portfolios Grow

September 26, 2019

John Bancroft

Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June.

Fannie/Freddie Loan Buybacks Tied to Recent Vintage Product

September 23, 2019

John Bancroft

Three large nonbanks led the pack in GSE buybacks during the second quarter: Quicken Loans, Caliber Home Loans and loanDepot…

GSE Repurchase Demands Focused on 2018-19 Business

September 20, 2019

John Bancroft

Seller repurchases of Fannie/Freddie loans rose 17% from the first to the second quarter, with 82% of them related to loans securitized in 2018 and 2019.

Correspondents Play Major Role in 2018 Home Lending

September 20, 2019

John Bancroft

Roughly 30% of mortgage originations in 2018 were sold by lenders to an unaffiliated buyer. Correspondent activity was strongest in the government-insured market.

Seller Buybacks Climb in 2Q, Gap Persists in GSE Volume

September 20, 2019

John Bancroft

Mortgage lenders continued to repurchase significantly more Freddie loans than Fannie loans, although buyback activity still represents a tiny fraction of GSE business.

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