Origination of IO Mortgages Spiked by Almost 37 Percent in 2016 April 4, 2017 Brandon Ivey PHH Mortgage, which is restructuring its operations, was the top ranked interest-only lender in 2016…Read More
Prime Non-Agency MBS Bounces Back in 1Q17 April 3, 2017 Brandon Ivey Just two firms – Redwood Trust and JPMorgan Chase – continued to dominate jumbo issuance in the first quarter…Read More
Deephaven Mortgage Preparing a $223 Million Nonprime MBS April 3, 2017 Brandon Ivey Deephaven operates solely as a secondary market buyer of whole loans...Read More
Short Takes: Fixing the GSEs: A Slam Dunk? / ‘Abundant’ Bipartisan Agreement? Huh? / How Rep. Jeb Gets There / Seller-Financing for Altisource / Paul Miller Departs FBR April 3, 2017 Brandon Ivey and Paul Muolo We've an opinion or two from mortgage lobbyists that Rep. Hensarling might be open to some type of government guaranty on MBS, but how he might agree to such an animal has yet to be revealed…Read More
Shelter Growth Issues its Second Nonprime MBS March 31, 2017 Brandon Ivey The mortgages backing the new nonprime MBS from Shelter Growth have a weighted-average interest rate of 6.11 percent.Read More
Short Takes: A Good Idea, Says Bright / Stop the Presses: An Emerging Bipartisan Consensus on GSE Reform! / Here Comes the Flood (in Six Months) / loanDepot Retaining Jumbos / CarVal’s Non-Agency MBS March 30, 2017 Brandon Ivey and Paul Muolo Stop the presses: a consensus on GSE reform is here! Really?Read More
MBA Cautions Against Defining All Loans Held in Portfolio as Qualified Mortgages March 29, 2017 Brandon Ivey The portfolio QM proposal is supported by many Republicans along with some Democrats...Read More
Why Lenders Are Avoiding ‘Next Gen’ Tech Providers: the Costs are Too High March 29, 2017 Brandon Ivey The most prevalent users of next-gen tech were large and mid-sized lenders…Read More
Prepayment Rate on Mortgages in Jumbo MBS Close to Rate on Conforming Loans March 28, 2017 Brandon Ivey BAML suggested that one of the reasons prepayment speeds on jumbos have been relatively slow is the presence of self-employed borrowers…Read More
As Originations Decline, Lenders Concerned About Competition and Lower Profits March 27, 2017 Brandon Ivey Issues involving regulatory compliance have declined significantly under the Trump administration.Read More