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Home » Authors » John Bancroft

John Bancroft

jbancroft@imfpubs.com
@jbancroftimf
Articles

ARTICLES

First-Time Homebuyer Share Increases in 2Q

September 8, 2023
John Bancroft
Some $121.38 billion of mortgages to first-time homebuyers were included in agency mortgage-backed securities issued during the second quarter, up 41.4% from the first quarter.
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Agency MBS Issuance Slips as Housing Cools in August

September 7, 2023
John Bancroft
With primary-market rates topping 7% in August, the outlook for agency single-family MBS production is not favorable. A clutch of nonbanks continues to dominant issuance. (Includes two data charts.)
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First-Timers Undeterred by Headwinds in 2Q23 Market

September 7, 2023
John Bancroft
First-time buyers met the challenge of high mortgage rates, sparse property listings and persistently high house prices to fuel a heady gain in purchase-mortgage activity in the second quarter. (Includes four data charts.)
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Servicing Earnings Jump in Second Quarter

September 5, 2023
John Bancroft
Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.
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Earnings Improve in Both Production and Servicing

September 1, 2023
John Bancroft
Most public companies generated positive results from their production and servicing operations, but MBA data reveal that many lenders continued to struggle financially in the second quarter. (Includes data chart.)
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Federally Insured Depositories Continue to Cut Bait on MBS

August 28, 2023
John Bancroft
Bank MBS holdings have now declined for six straight quarters after peaking at the end of 2021.
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Wholesale Channel Share Hits Post-2009 High

August 25, 2023
John Bancroft
The wholesale-broker share of originations hit 16.8% in the second quarter.
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Banks Continue to Retreat from MBS Market in 2023

August 24, 2023
John Bancroft
Bank of America reported a $16 billion decline in its residential MBS portfolio, while a number of other banks shed more than $1 billion in the second quarter. Chase increased its holdings, but not but as much as the First Republic acquisition might have suggested. (Includes two data charts.)
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Wholesale-Broker Channel Gains Ground in 2Q23 Rally

August 24, 2023
John Bancroft
United Wholesale Mortgage continued to set the pace in a fast-growing wholesale-broker market. It remains to be seen whether there's enough business to go around for all the new entrants. (Includes six data charts.)
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A Nice 2Q23 Rebound for Commercial MBS

August 21, 2023
John Bancroft
Securitization of industrial property loans more than doubled on a quarterly basis...
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View All Articles by John Bancroft

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