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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Mortgage Earnings Decline by 39% at Publicly Traded Banks

August 3, 2022
Brandon Ivey
Declining originations and margin cut into mortgage-related earnings at 24 key lenders.
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PennyMac’s Income Dips in 2Q, Servicing Still Key

August 3, 2022
Brandon Ivey
The bulk of PennyMac's income in the second quarter of 2022 was tied to servicing.
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Rithm’s Break From Fortress Prompts Loss in Second Quarter

August 2, 2022
Brandon Ivey
The REIT paid a $325 million fee to an affiliate of Fortress Investment Group to shift to internal management.
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UI: Forbearance Should Be First Loss-Mitigation Step

August 2, 2022
Brandon Ivey
The Urban Institute said pandemic-related forbearances appear to have greatly benefitted consumers.
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Some Wins for Mortgage Industry in Bill Supported by Manchin

August 1, 2022
Brandon Ivey
Housing provisions didn't make it into the Inflation Reduction Act, but there are some positive developments for the mortgage industry on taxes.
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Rithm (New Residential) Goes Bigger With its Second SFR Securitization

August 1, 2022
Brandon Ivey
Rithm launched its single-family rental operations in 2019 and had acquired 3,285 properties as of the end of March.
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Short Takes: Rocket Launches HEL; Flagstar Merger Update; Financing Energy Efficiency

August 1, 2022
Brandon Ivey
Rocket's new home-equity loan; NYCB waiting for regulatory approval on Flagstar merger; homeowners looking for financing for energy efficiency improvements.
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Ginnie MBS Delinquent Loan Buyouts Plummet

July 29, 2022
Brandon Ivey
Only $2.58 billion of delinquent mortgages were repurchased from Ginnie MBS in the second quarter, a 65.4% decline from the previous quarter.
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Redwood Swings to Loss in 2Q, Jumbo Acquisitions Drop

July 29, 2022
Brandon Ivey
Redwood took losses on both its long-term investments and jumbo aggregation activity in the second quarter.
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Bank Mortgage Earnings Fall Again in Second Quarter

July 29, 2022
Brandon Ivey
Mortgage earnings declined across a group of 24 banks in the second quarter of 2022 as rising interest rates continued to eat into originations and margins. The outlook for the third quarter isn’t great either. (Includes data chart.)
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