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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Freddie’s Single-Family Income Increases in Fourth Quarter

February 14, 2024
Brandon Ivey
The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.
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Short Takes: Applications Down Somewhat / Foreclosures Increase / Fitch Affirms Servicer Ratings at PHH / New CEO at Sagent

February 14, 2024
Brandon Ivey
Demand for both purchase mortgages and refinances declined as interest rates ticked up.
Read More

Federal Regulators Reiterate Standards on Appraisal Bias

February 13, 2024
Brandon Ivey
Federal regulators noted issues examiners look for regarding valuation discrimination and bias.
Read More

Agency-Eligible IPLs, Loans for Second Homes in Non-Agency MBS

February 13, 2024
Brandon Ivey
Issuance of non-agency MBS with GSE-eligible mortgages is picking up with new deals from Citi and Morgan Stanley.
Read More

Short Takes: NewRez Stands Out Among Servicers / CES Securitizations / MBA Warns on Rent Control / Multifamily Property Insurance Symposium

February 13, 2024
Brandon Ivey
NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.
Read More

DOJ’s Push Against Mortgage Redlining Practices Continues

February 12, 2024
Brandon Ivey
First National Bank of Pennsylvania’s $13.5 million settlement with the DOJ and North Carolina didn’t include a civil monetary penalty. DOJ officials stressed that more redlining enforcement is in the works.
Read More

Large Nonbanks Resume Unsecured Debt Issuance

February 9, 2024
Brandon Ivey
Proceeds from the recent issuance have largely gone toward paying down the companies’ debt issuance from 2021 when they needed funds for their refi business.
Read More

Grapevine: Mortgage Employment Declines; Rate Locks Increase

February 9, 2024
Brandon Ivey
Lenders cut more staff; rate locks up 14% in January; borrowers have plenty of equity; bill to limit trigger leads in House; LoanCare revamps servicing website; Staircase launches ChatMTG.
Read More

Income Drops at Mr. Cooper in Fourth Quarter

February 9, 2024
Brandon Ivey
The nonbank is set to have a $1.1 trillion portfolio as of the end of March.
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Short Takes: Waters Pushes Affordable Housing / Fannie Selling NPLs / Home-Improvement Loan Securitization / CFPB Settles Foreclosure Relief Scam

February 9, 2024
Brandon Ivey
Rep. Maxine Waters, D-CA, reintroduced a package of bills aimed at affordable housing.
Read More
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