Brandon Ivey

Senior Editor, Inside Nonconforming Markets

Recent Stories From this Author

JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS
November 15, 2018 Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…

Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS
November 15, 2018 If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.

Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’
November 14, 2018 Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.

PrimeLending Recruits LOs, Cuts Poor Performers
November 13, 2018 As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.

Altisource’s Equator Includes a Blockchain Option in its Servicing Platform
November 13, 2018 Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via...

Ellington Will Convert to a REIT, Focusing on Credit Investments and Agency MBS
November 12, 2018 Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..."

Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter
November 8, 2018 Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely...

Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point
November 8, 2018 UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...

Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High
November 7, 2018 Risk layering remains uncommon on the new breed of expanded-credit mortgages…

LoanStream Branches Out into Correspondent, Aims to ‘Dominate’ the Market
November 6, 2018 LoanStream was already originating nonprime mortgages via retail and wholesale outlets...


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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