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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Annaly’s Expanded-Credit MBS Issuance Pace Slows Slightly

August 15, 2024
Brandon Ivey
Annaly Capital Management is set to issue its 12th expanded-credit MBS of the year.
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Lenders Make Plans to Recapture Borrowers With Refis

August 15, 2024
Brandon Ivey
Servicers have cited investments in technology to better track when a borrower might refinance, and investments in call center operations to complete the refis.
Read More

Short Takes: ‘Soft Landing’ Still Possible / Neutral Housing Market / Pending Home Sales Decline / Newrez Launches Emergency Fund for Employees

August 15, 2024
Brandon Ivey
The economy is looking somewhat stronger than expected, based on data released Thursday.
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Refi Demand Jumps as Interest Rates Decline

August 14, 2024
Brandon Ivey
"While refi activity is up significantly over the last couple weeks, most borrowers would need mortgage rates to move much lower before they’re incentivized to refinance," said Mark Palim, deputy chief economist at Fannie Mae.
Read More

UBS Selling Mortgage Servicer SPS for Breakeven Price

August 14, 2024
Brandon Ivey
Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.
Read More

Short Takes: ‘Magical’ Number for Interest Rates / Some Home Price Depreciation / Fannie Selling RPLs / Loss for Fix-and-Flip Lender

August 14, 2024
Brandon Ivey
It's hard to pin down the "magical" number for interest rates that will unlock the housing market, according to the CEO of The Home Depot.
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Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing

August 13, 2024
Brandon Ivey
Skyward Specialty Insurance Group launched a mortgage reinsurance business.
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Third-Party Channels Gain Share in Agency Market

August 9, 2024
Brandon Ivey
The retail channel’s share of agency MBS production slipped from 47.4% in the first quarter to 45.6% in the second quarter. The correspondent and broker channels gained share. (Includes two data tables.)
Read More

Rocket Works on Sustainable Market Share Growth

August 9, 2024
Brandon Ivey
Rocket is turning profits again after taking a loss in 2023. Now the lender is working to regain the market share it lost, using various strategies for both purchase mortgages and refinances.
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Guild Reduces Losses From Originations in 2Q

August 9, 2024
Brandon Ivey
The nonbank’s origination unit took a $3.1 million loss in the second quarter after a $24.2 million loss the previous quarter.
Read More
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