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John Bancroft

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Nonbank Execs: More M&A and MSR Sales Likely in 2019

April 25, 2019

Liquidity problems may be a major driver of increased merger and acquisition activity in 2019. Although bulk MSR buyers may be taking a pause to parse interest-rate trends, volume is expected to be strong this year.

All Asset Classes Show Gains in 1Q19 ABS Issue Surge

April 25, 2019

John Bancroft

Non-mortgage ABS issuance increased by a robust 31% from the fourth quarter of 2018 to the first three months of this year. Big gains were recorded in vehicle-finance transactions, credit card ABS, student loan securitization and business-finance deals.

Mortgage Originations Off Slightly in 1Q19

April 25, 2019

John Bancroft

A handful of top lenders posted significant gains in production volume in the first quarter of 2019 compared with the previous period. But many more shops saw double-digit declines in first-lien mortgage lending.

MSR Financing Terms Become More Attractive to Servicers

April 25, 2019

John Bancroft

Nonbank servicers are increasingly moving toward a capital-light strategy, suggesting steady demand for MSR and servicing-advance financing. The investor base for such deals is strong and growing.

MSR Sales (Transfers) Down Sharply in 1Q19

April 24, 2019

John Bancroft

The top buyer in the MSR sector was Mr. Cooper Group…

Large Nonbanks Forge Ahead in GSE Servicing

April 22, 2019

John Bancroft

Nonbanks have increased their GSE portfolios by $95 billion over the past year...

Agency MSR Transfers Off Sharply in Early 2019

April 19, 2019

John Bancroft

Agency MSR sales fell sharply from the fourth quarter of 2018 to the first three months of this year, according to an exclusive Inside Mortgage Trends analysis. Much of the downturn resulted from a return to more normal levels of Ginnie bulk deals.

Coissue Market Holds Steady Despite Strong Whole-Loan Bid

April 19, 2019

John Bancroft

Loan originators have to look for a good fit when they're searching for a coissuance partner for their servicing rights, experts say. That may mean leaving some cash on the table in exchange for predictability and ease of transaction.

Top Nonbanks Surge in Ranking of GSE Servicers

April 19, 2019

John Bancroft

A handful of nonbanks with limited production capacity saw significant gains in their GSE servicing portfolios during the first quarter, including New Residential Investment, Matrix Financial Services and Pingora Loan Servicing. Overall, Fannie/Freddie MSRs grew $9.1 billion from December.