Brandon Ivey

Senior Editor, Inside Nonconforming Markets

Recent Stories From this Author

Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor
September 19, 2018 Three nonbank lenders, all owned by PE firms, are key contributors to the deal…

Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae
September 19, 2018 On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.

Wells Fargo Ready to Break its Jumbo MBS Drought
September 17, 2018 Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…

Redwood Queues Up Fourth ‘Expanded-Credit’ MBS Deal of the Year; 106 Lenders Provide Collateral
September 14, 2018 Mortgage firms providing collateral for the new EC MBS include Fairway Mortgage, Guild Mortgage, PrimeLending and others…

Questions Linger on Caliber and ‘Full Documentation’
September 14, 2018 The differences are tied to how the rating services define full documentation.

Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board
September 13, 2018 The number of mortgage lenders using technology from Blend has quadrupled in the past year…

Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year
September 12, 2018 Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past...

Many Lenders Plan on Keeping Underwriting Standards ‘As Is’
September 11, 2018 One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”

Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option
September 11, 2018 During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…

Correspondent Channel a Flashpoint in Competitive Jumbo Market
September 10, 2018 While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up...


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.

vote to see results