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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@https://twitter.com/jbancroftimf
Articles

ARTICLES

Mortgage Securitization Rates Turn Paltry in 1Q16; Banks Keep Hogging Jumbos

May 27, 2016
John Bancroft
Wells Fargo reported an 11.7 percent increase in its conventional-conforming originations during the first quarter, but the company’s GSE loan sales fell 12.2 percent on a sequential basis – quite a differential.
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Loan Brokers Increased Market Share to 10 Percent in 1Q16. Can Those Gains Hold?

May 26, 2016
John Bancroft
The top retail producer in 1Q was Wells Fargo, the top table-funder United Wholesale Mortgage…
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Ginnie SVP Drayne: Influx of Nonbanks Has Raised A Lot of Issues for the Agency

May 23, 2016
John Bancroft
“We also have to pay more attention to third-party financing and third-party document custodians that new issuers are relying on,” Drayne added.
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Single GSE Security, CSP Still on Target for 2-Stage Launch; The Cost Thus Far: $270 Million

May 23, 2016
John Bancroft
Although the CSS joint venture has a projected budget and multi-year budget plan, it is working with FHFA about when to release that information…
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The Love Affair Continues: Banks and MBS, Though the Big Boys Pull Back

May 20, 2016
John Bancroft
At $1.661 trillion, it’s a new record in terms of banks and MBS holdings…
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Purchase-Mortgages Fell Almost 13 Percent in 1Q16…

May 19, 2016
John Bancroft
Production of loans with FHA, VA and rural housing guaranties held up a little better than the other sectors, with estimated originations slipping 1.0 percent from the fourth quarter.
Read More

GSEs Clarify Their Views on Servicing Compensation

May 19, 2016
John Bancroft
Is it time to take another look at GSE servicing fees? A topic is reborn...
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The Final Tally: MSR ‘Marks’ Hammered 1Q16 Results of Nonbank Mortgage Firms

May 18, 2016
John Bancroft
How disruptive were MSR ‘marks’? The nine nonbank lenders tracked by Inside Mortgage Trends reported a combined $510.0 million loss in the first quarter…
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A Positive Sign: GSE Business Rises in April – But Slightly

May 17, 2016
John Bancroft
The average credit score for purchase loans securitized last month was 749.7, the first time that measure has been below 750 in over two years.
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MBA Calls for New QM Rules, Warns About ‘Regime Change’ Risk

May 16, 2016
John Bancroft
“The QM rule needs to stand on its own two feet … The FHFA should not be in charge of setting national mortgage underwriting,” said MBA chief Dave Stevens.
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View All Articles by John Bancroft

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