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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@https://twitter.com/jbancroftimf
Articles

ARTICLES

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.
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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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Gains in Production Income Offset 2Q Drop in Servicing

September 20, 2019
John Bancroft
Data from the MBA performance study suggest that improved efficiency and strong originations were key to increased production income.
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Residential Securitization Market Has Some Catching Up to Do

September 20, 2019
John Bancroft

Read the tea leaves: Just 56.4% of second-quarter loan originations have been pooled in MBS. In recent years, the overall securitization rate has run at about 70%.


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Securitization Market Has Some Catching Up to Do

September 19, 2019
John Bancroft
Nearly $320 billion of newly originated home loans were funneled into the MBS market during the second quarter, but that represented just 56.4% of new production in the primary mortgage market.
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DBRS Leads in Rating MBS, S&P Tops in ABS Market

September 19, 2019
John Bancroft
DBRS and Fitch were the top rating services in non-agency MBS mostly because they cover a lot of scratch-and-dent transactions. S&P excels in nonprime, Moody's in jumbo.
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Jumbo Market Lights Up in 2Q19, Agency Volume Soars

September 19, 2019
John Bancroft
The conforming-jumbo business might be an attractive target for shrinking the GSE footprint as the loan limit is poised to top $500,000. But it's not clear it would de-risk Fannie/Freddie business.
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CLO Production Increased in 2Q19 but Trails 2018

September 18, 2019
John Bancroft

Issuance of deals backed by commercial real estate more than doubled from the first quarter…


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Home-Equity Lending Up 27% in 2Q19. However…

September 16, 2019
John Bancroft

In terms of new HELOC commitments for the second quarter, Bank of America led the pack with $2.77 billion, followed by Wells Fargo ($1.91 billion) and Citizens Bank ($1.50 billion).


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Banks Not Interested in Growing ABS Supply

September 13, 2019
John Bancroft

After an unusual slump in the first three months of the year, the market grew by $65.07 billion to $850.36 billion as of the end of June.


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View All Articles by John Bancroft

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