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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Credit Unions Move a Step Closer to Investing in MSRs

December 18, 2020
Brandon Ivey

Credit unions are currently prohibited from purchasing MSRs as an investment. The proposal was opposed by the Democrat on the NCUA's board.


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MBS, ABS Brace for Changes from a Biden White House

December 17, 2020
Brandon Ivey
The MBS market can expect a push from increased availability of mortgages and improvements to ABS performance.
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New QM Rule to Shift Market Share in Residential MBS

December 17, 2020
Brandon Ivey
More non-agency originations, lower market share of non-QMs and securitization of riskier loans are likely consequences of the CFPB’s new QM standards.
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Short Takes: The Fed Keeps the Juices Flowing / Low Rates as a Way of Life / Another New Low / Redwood’s New MBS / A Few Words About Ocwen

December 17, 2020
Paul Muolo and Brandon Ivey

Sheen Bay Research expects Ocwen's management to achieve its target of positive earnings in 2021. However...


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NCUA Considering Allowing Sale of MSRs Among Credit Unions

December 17, 2020
Brandon Ivey
The proposal, if issued, will allow credit unions to purchase MSRs as an investment.
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New QM Standards: A Few Wins and Losses for Lenders

December 17, 2020
Brandon Ivey
QM status will no longer be tied to whether a loan is eligible for sale to the GSEs, potentially prompting a shift toward non-agency mortgages.
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Redwood Getting Back on Track with Jumbo MBS

December 17, 2020
Brandon Ivey

Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share...


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Coming to the MSR Market Soon: Credit Unions as Buyers?

December 16, 2020
Brandon Ivey

A proposed rule regarding credit unions and MSRs is scheduled to be discussed late this week at an NCUA board meeting.


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Short Takes: Applications: Let it Snow… / FHA Rising / Checking in on the Loan Traders / A $1 Billion Year for Civic / Biden and the GSEs?

December 16, 2020
Paul Muolo and Brandon Ivey

More than $13.0 billion of non-agency mortgages traded on Maxex’s trading platform in the first 11 months of the year. In all of 2019, $2.7 billion of non-agency product traded on the exchange…


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Small-Dollar Mortgage Project in Louisville Generating Mixed Results

December 16, 2020
Brandon Ivey

The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand...


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