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Home » Authors » John Bancroft

John Bancroft

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

ARTICLES

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.


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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.
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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.
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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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Ginnie Mae MBS Issuance Surges to Four-Year High in July

August 21, 2019
John Bancroft

Lenders pooled $44.70 billion of single-family forward mortgages into Ginnie MBS last month. It was the highest monthly total since July 2015…


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GSE Credit-Risk Transfers Down Significantly in 2Q19

August 20, 2019
John Bancroft

Fannie Mae and Freddie Mac acquired $2.83 billion of reinsurance coverage through the first six months of the year, down 29.9% from the same period in 2018.


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Loan Brokers Post Big Gains in FHA/VA Production

August 19, 2019
John Bancroft

The flow of broker-originated FHA and VA loans into Ginnie MBS increased by 63.1% during the second quarter, hitting $16.78 billion...


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Wholesale Channel Gallops to Bigger GNMA Share

August 16, 2019
John Bancroft
The volume of broker-originated FHA and VA refinance loans pooled in new Ginnie MBS jumped 94.1% from the first to the second quarter. Correspondent production saw the smallest gains among the three channels.
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Ginnie 1-Family MBS Surges to Four-Year High in July

August 16, 2019
John Bancroft
Purchase loans still accounted for over two-thirds of Ginnie loan deliveries, but the volume of incoming refinance loans had a slightly higher increase from June.
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Year-over-Year, REITs Grow Their MBS Investments by 37%

August 16, 2019
John Bancroft

Annaly Capital Management led the pack in sequential MBS growth at 14.5%...


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View All Articles by John Bancroft

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