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Home » Authors » John Bancroft

John Bancroft

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

ARTICLES

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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A Noticeable Jump in Low-Credit Score Mortgages Sold to Fannie and Freddie

May 16, 2016
John Bancroft
In the first quarter, 11.2 percent of Fannie/Freddie purchase loans had credit scores below 700 and LTV ratios of 81 percent or higher. That was up from 7.4 percent in the fourth quarter…
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Mortgage REITs Scale Back MBS Holdings in 1Q16, But...

May 13, 2016
John Bancroft
The MBS holdings of 16 top mortgage REITs were down 0.3 percent from the fourth quarter...
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Private MI Lost Some Ground to FHA Insurance in 1Q16

May 12, 2016
John Bancroft
United Guaranty was the largest MI in terms of total policies written in 1Q16, but Arch Mortgage Insurance and National MI were the fastest growers.
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FHA Originations – When in Doubt, Use the Correspondent Channel

May 11, 2016
John Bancroft
Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.
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GSEs Continue to Prune Investment Portfolios, Especially Subprime Assets

May 10, 2016
John Bancroft
Freddie Mac reduced its portfolio to $339.9 billion at the end of the quarter, a 2.0 percent drop. Like Fannie, the biggest decline in percentage terms was in non-agency MBS…
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A Positive Sign: Agency MBS Market Springs to Life in April

May 5, 2016
John Bancroft
Although Fannie’s year-to-date issuance was off 8.4 percent from a year ago, it was still ahead of Ginnie through the first third of 2016.
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The GSE Tally to Date: $23.5 Billion in Losses on Derivatives. But G-Fee Income Shines

May 5, 2016
John Bancroft and Carisa Chappell
Fannie’s guaranty fee income for single-family and multifamily segments nudged up 0.9 percent from the fourth quarter, while Freddie’s was up 0.4 percent.
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View All Articles by John Bancroft

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