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John Bancroft

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Home-Equity Lending Up Sharply in 2Q18, But Market Still Far Below Its Potential

October 15, 2018

Lenders did more home-equity business during 2Q18, but the volume of HEL assets outstanding continued to shrink. Credit unions continued to build market share.

First-Time Buyers Continued Gaining Share in Red-Hot Purchase-Mortgage Market of 2Q18

October 15, 2018

John Bancroft

First-time homebuyers accounted for over half of the purchase mortgages securitized by Fannie, Freddie and Ginnie in the second quarter, and private MIs are taking a bigger share.

Jumbo Loan Originations Up Sharply in 2Q18

Purchase-Mortgage Lending Fueled Production

October 15, 2018

John Bancroft

First-lien mortgage originations were up across all product lines in the second quarter of 2018, but the jumbo market saw the biggest gains from the first three months of the year, according to a new Inside Mortgage Finance ranking and market analysis.

GSE Single-Family Business Up 10 Percent in 3Q18

October 14, 2018

John Bancroft

Fannie enjoyed a 29.9 percent quarterly increase in purchase business, nearly double Freddie’s 15.4 percent gain.

Non-Agency MBS Issuance Drops Sharply in 3Q18 as Nonprime Tops Prime

October 12, 2018

John Bancroft

The highlight of the third quarter was the steady growth of the nonprime market…

Correspondent Platforms Gain Share in 3Q18 Agency Market

October 12, 2018

John Bancroft

The correspondent share of the market rose to 39.5 percent, the highest it has been in years...

Mortgage Insurance Firms Gained Market Share in 3Q18

October 11, 2018

John Bancroft

On a year-to-date basis, the volume of private MI loans delivered into GSE MBS was up 9.8 percent from the first nine months of 2017…

Reshuffle Continues in Servicing Market

Depositories Add Whole Loans and Nonbanks Grow MSR Portfolios

October 10, 2018

John Bancroft

The commercial-banking sector isn’t running away from the mortgage-servicing business the way it did a few years ago, but aggregate figures show the industry continues to favor whole loans over mortgage servicing rights.

Refinance Market Continued to Slip in 3Q18

But Purchase Mortgages Lift Fannie/Freddie Business

October 10, 2018

John Bancroft

Fannie Mae and Freddie Mac turned in a solid gain in single-family production during the third quarter of 2018, according to an exclusive ranking and analysis by Inside Mortgage Finance.