John Bancroft

Executive Editor

Recent Stories From this Author

Correspondent Platforms Gained Market Share in 3Q18
November 20, 2018 Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2...

FHFA Trying to Find a Capital Balance That Can Handle Market Cycles but More Work is Needed
November 20, 2018 In its comment letter to the FHFA, Fannie Mae suggests the rule use original credit scores and LTV ratios, rather than...

REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand
November 16, 2018 Non-agency MBS holdings by REITs grew slightly faster than agency securities…

Private MIs Gobble Up More Market Share in 3Q18 Despite Growth in FHA Sector
November 15, 2018 Arch Mortgage Insurance led the pack in terms of new insurance written in 3Q18 with $21.43 billion, followed by Radian...

Nonbank Profits a Mixed Affair in Third Quarter
November 14, 2018 Ocwen Financial has not been a model of prosperity...

GSE Credit Box Opened Slightly Wider in 3Q18
November 12, 2018 The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE...

Agency Single-Family MBS Production Softened in October as Purchase Market Deflated
November 9, 2018 Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…

Single-Security Transition is on Schedule, but Some Investors May Prefer One GSE Over the Other
November 9, 2018 The grand concept behind the single security is that MBS issued by Fannie and Freddie will be fully fungible and...

Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend
November 8, 2018 A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded...

Mortgage Brokers Gain Share in FHA Lending, but Lose Ground on VA
November 5, 2018 United Shore Financial Services ran the top FHA wholesale-broker program, generating $1.53 billion during the third quarter.

Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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