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John Bancroft

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Banks Maintain a Modest Stake in Non-Mortgage ABS

May 30, 2019

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.

The Love Affair Gets Serious: Bank Holdings of MBS Set a New Record

May 24, 2019

John Bancroft

Most of the first-quarter MBS gains came in holdings of Fannie Mae and Freddie Mac pass-throughs…

Wholesale-Broker Market Growing Sharply in 2019

May 23, 2019

John Bancroft

Driven by a huge increase in volume at United Wholesale Mortgage, the broker market posted a solid 14% increase in production during the first quarter of 2019. Correspondent lending was off 10% over the same period.

Bank MBS Holdings Hit New Record High in March 2019

May 23, 2019

John Bancroft

The industry added $30 billion to its residential MBS holdings in the first quarter, mostly in agency pass-through securities. But some of the increase resulted from a shift in reporting at a large bank.

Don’t Look Now, but Loan Brokers Have a 14.1% Market Share, the Best Showing Since the Financial Crisis

May 23, 2019

John Bancroft

Without a doubt, United Wholesale Mortgage is the Big Kahuna of table-funding with a massive market share reading of 35.1%, according to Inside Mortgage Finance. In short, it has left all competitors in the dust…

Worried About Credit Risk? Stick to Retail

May 22, 2019

John Bancroft

In the first quarter of 2019, the average credit score for retail production was 725.97, 7.3 points higher than the average for correspondent production...

To the Rescue of Fannie and Freddie: The Spring Homebuying Season

May 21, 2019

John Bancroft

GSE purchase business totaled $40.5 billion, the strongest reading since November...

Retail Tops Other Channels in Agency MBS Credit Characteristics

May 20, 2019

John Bancroft

In the first quarter of 2019, the average credit score for retail production included in agency MBS was 725.97, 7.3 points higher than the average for correspondent production and 7.5 points above the figure for brokers.

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