Brandon Ivey

Senior Editor, Inside Nonconforming Markets

Recent Stories From this Author

Angel Oak Set to Issue its Third Nonprime MBS of the Year; Bank-Statement Loans 35 Percent of the Collateral
November 17, 2017 Self-employed borrowers whose incomes were determined with bank statements account for 35.0 percent of the collateral.

Lenders Start Your Engines: Texas Loosens Home-Equity Regulations
November 16, 2017 The proposition revises the strict fee limits that Texas places on home-equity lines…

Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth
November 16, 2017 Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...

Chase to Include a Large Amount of Non-QMs in its Latest Jumbo MBS
November 15, 2017 The new MBS from JPM concentrates on jumbo mortgages. The average loan balance is $952,747.

HMDA Analysis: Higher-Priced Lending Spikes
November 14, 2017 Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the...

Invictus Includes Loans Aggregated by Shelter Growth in Latest Nonprime MBS
November 13, 2017 Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.

Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering
November 13, 2017 Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…

Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB
November 13, 2017 Maybe a REIT is the way to go in nonprime...

Senate’s Tax Reform Bill Maintains Higher Limit for Mortgage Interest Deduction but Housing Industry Warns of Other Faults
November 10, 2017 NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from...

SFIG Details Key Performance Indicators for Deal Agents on Non-Agency MBS
November 9, 2017 While the concept was introduced more than a year ago, the specific duties for a deal agent remained a work in progress…


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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