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John Bancroft

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Broker Share of FHA/VA Production Spikes

September 4, 2019

FHA/VA lending is the segment where brokers enjoy their biggest market share. In the jumbo space, they captured just 5.0% of second-quarter volume, along with a 17.1% share in the conventional-conforming market.

Wholesale-Broker Footprint Growing in FHA/VA Market

August 30, 2019

John Bancroft

United Wholesale continued to put up impressive numbers in broker originations of FHA/VA loans, but a handful of competitors are gaining ground.

Agency Purchase Loans Have Lower Credit Scores Than Refis, but Not by Much

August 28, 2019

John Bancroft

Retail originations typically had stronger credit profiles than correspondent or wholesale-broker production...

Mortgage Banking Income at Banks Increases in Second Quarter

August 26, 2019

John Bancroft

Mortgage banking income at banks increased by 14% in the second quarter, though income declined at several top banks.

Banks Report 2Q19 Boost in Mortgage Banking Income

August 23, 2019

John Bancroft

Mortgage banking income was up in the second quarter but didn’t keep pace with big increases in loan origination volume and secondary market sales. Wells Fargo accounted for the lion’s share of the increased profitability.

Steady Credit Trends in 2Q19 Agency MBS Market

August 23, 2019

John Bancroft

Purpose and production channel matter in loan credit characteristics but the biggest difference maker is whether the mortgage has a government guarantee.

Banks Keep Adding to Their MBS Holdings. JPM and BofA Set the Pace

August 23, 2019

John Bancroft

In the second quarter, Bank of America and JPMorgan Chase increased their MBS holdings by $12.34 billion and $22.39 billion, respectively.

Chase and BofA Lead Banks in 2Q19 MBS Buying Spree

August 22, 2019

John Bancroft

Nearly all of the banking industry’s growth in residential MBS holdings was in Fannie, Freddie and Ginnie pass-through securities.

Wholesale-Broker Channel Keeps Expanding in 2Q19

August 22, 2019

John Bancroft

Mortgage brokers feasted on a growing crop of refinance business during the second quarter, pushing the wholesale channel to a 14.6% share of new first-lien mortgage originations.

Loan Broker Market Share Climbs to New Post-Crisis High: 14.9%

August 22, 2019

John Bancroft

Quicken was the market leader in retail lending with UWM taking top honors (by far) in the wholesale category. Wells Fargo was the top correspondent buyer in 2Q19…

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