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John Bancroft

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Despite Boom in Home Lending, Bank Mortgage Income Was Tepid in 2Q

July 30, 2019

Wells Fargo, for instance, reported $675.0 million in residential mortgage banking income for the second quarter, up just 2.1% from the previous period.

Agency MSR Transfers Heat Up in the Second Quarter

July 29, 2019

John Bancroft

In 2Q19, “flow” MSR transfers totaled $40.8 billion, the best reading in at least 10 quarters…

Freddie Chips Away at Fannie’s MSR Market Share

July 26, 2019

John Bancroft

Fannie still accounted for nearly 62% of GSE single-family servicing out-standing at the end of June, but Freddie has been growing its business more quickly.

Banks Report Small Gain in Mortgage Banking Income

July 26, 2019

John Bancroft

Falling interest rates produced a record increase in new originations and soaring production revenue in the second quarter, but MSR hedging results offset much of the gain.

Agency MSR Transfers Heat Up in Second Quarter 2019

July 26, 2019

John Bancroft

A large bank merger and Wells Fargo’s move to unload Ginnie Mae servicing played key roles in the surge of bulk MSR transfers during the second quarter.

Non-Mortgage ABS Issuance Sees Modest Increase in 2Q19

July 26, 2019

John Bancroft

Although MBS issuance was strong in the second quarter, ABS deals were less robust...

Non-Mortgage ABS Issuance Sees Modest Gain in 2Q19

July 25, 2019

John Bancroft

Vehicle-finance deals remained the backbone of ABS production in the first half of 2019, but transactions backed by consumer loans are a faster-growing segment.

2Q19 Mortgage Originations Hit Highest Level in Years

July 25, 2019

John Bancroft

Lenders of all shapes and sizes reported eye-popping increases in production volume from the first to the second quarter of 2019. At the midway point, this year was running 11.5% ahead of the pace in the first half of 2018.

A Blowout Origination Quarter for Home Lenders: A Hefty $565 Billion for 2Q19

July 25, 2019

John Bancroft

Which top-10 home lender had the largest sequential gain in 2Q19? Quicken? UWM? Guess again. It was Freedom Mortgage with 81.9%.

Late-Payment Rates Climb Higher for FHA/VA in 2Q19

July 19, 2019

John Bancroft

Most of the increase in FHA/VA delinquencies came in early-stage defaults as the share of loans over 90 days late declined. The Ginnie servicing market grew 1.4% in the second quarter.

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