Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com

@https://twitter.com/jbancroftimf

Articles

ARTICLES

Production Profits Rebounded in 1Q19

June 3, 2019

John Bancroft

Most of the gain came from a rebound at JPMorgan Chase,the nation's fifth-largest originator...

California Still the Mother Lode of GSE Market in 1Q19

May 31, 2019

John Bancroft

The Golden State's high concentration of broker loans and refinancing is reflected in its top two sellers: United Wholesale Mortgage and Quicken Loans.

Banks and Thrifts Losing Interest in Non-Mortgage ABS?

May 31, 2019

John Bancroft

TD Bank was the largest depository holder of non-mortgage ABS at the end of March, according to a new ranking from Inside MBS & ABS...

Production Profits Rebound in 1Q19, Servicing Also Up

May 31, 2019

John Bancroft

Most of the gain in production income occurred at JPMorgan Chase, which reversed an unusual loss in the fourth quarter. Wells Fargo accounts for most of the increase in servicing profits.

Call Report Results: Mortgage Income Goes Soft

May 31, 2019

John Bancroft

JPMorgan Chase reported a $200 million increase in mortgage banking income in the first quarter of 2019, a period when the banking industry managed just a $21 million gain.

Refinances Up Sharply in 1Q19, but Purchase Lending Remains the Backbone

May 30, 2019

John Bancroft

Most of the pickup in refi business during 1Q19 came from rate-term transactions...

Refis Up Sharply in 1Q19, But Purchase Market Dominates

May 30, 2019

John Bancroft

Most of the 20% surge in refinance business likely came from rate-term transactions rather than cash-out deals. First-timers held up slightly better than re-peat buyers.

Banks Maintain a Modest Stake in Non-Mortgage ABS

May 30, 2019

John Bancroft

Although overall bank investment in non-mortgage ABS was down slightly in the first quarter, a handful of institutions made significant increases in their portfolios.

FHA/VA Loan Quality Turns Riskier in 1Q19

May 28, 2019

John Bancroft

In the FHA market, the average credit score for refi loans fell to just 659.5 in the first quarter, compared to 668.8 for purchase loans…

FHA/VA Business Takes a Turn Toward More Risk

May 24, 2019

John Bancroft

Average FHA and VA credit scores declined for both purchase and refi loans pooled into Ginnie Mae MBS in the first quarter. Wholesale-broker production gained a larger share of the market.

View All Articles by John Bancroft