John Bancroft

Executive Editor

Recent Stories From this Author

Third-Party Lenders Account for Out-Sized Share of FHA/VA Market
September 25, 2018 However, some large commercial banks are willing to remain in the market through correspondent arrangements…

Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business
September 20, 2018 More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed...

Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack
September 20, 2018 The central bank could lose its kingpin status if commercial banks continue buying…

A Surge in Jumbo Correspondent Acquisitions
September 19, 2018 Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…

GSE Purchase Business Up Again, but Refis Rise as Well
September 17, 2018 The refi surge may be attributable to more cash-out transactions.

REITs Continue to Grow MBS Investments, However…
September 14, 2018 With agency MBS spreads remaining tight, Annaly has put more emphasis on commercial real estate and whole-loan acquisitions…

Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential
September 13, 2018 Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…

Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017
September 12, 2018 Through the first eight months of the year, Ginnie issuance was down 11.0 percent...

First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up…
September 6, 2018 The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by...

Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High
September 6, 2018 August often sets the high-water mark for annual purchase-loan business for the agencies…

Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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