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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Grant from NAMB and United Wholesale Helps Fund 15 New Mortgage Broker Shops

March 17, 2017
Brandon Ivey
A program launched in September to provide grants to mortgage brokers has helped launch 15 new independent mortgage brokerage shops, according to the National Association of Mortgage Brokers.
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Walter Takes $22.2 Million Loss in Fourth Quarter, $529.2 Million Loss for the Full Year

March 14, 2017
Brandon Ivey
Walter also stopped originating reverse mortgages in January.
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New Penn Packages Mortgages Sourced through Bank of America into New Jumbo MBS

March 14, 2017
Brandon Ivey
Bank of America initially acquired the mortgages through the bank’s jumbo whole loan purchase program.
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Short Takes: Purchase-Mortgage Apps Increase / Hearing on National Flood Insurance Program / More 'Daily Simple Interest' MBS / Foreclosure Inventory Normalizes

March 14, 2017
Brandon Ivey
Applications for mortgages related to purchases of new homes in February increased by 16.0 percent from the previous month.
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CarVal Investors Includes Unique Mix of Loans in $395 Million Non-Agency MBS

March 13, 2017
Brandon Ivey
In addition to re-performing mortgages, Mill City Mortgage Loan Trust 2017-1 included some home-equity lines of credit and newly originated mortgages.
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Request from Consumers for Changes to Phone-Contact Standards Would Interfere with Mortgage Business, CMC Warns

March 13, 2017
Brandon Ivey
Anne Canfield cautioned that if the FCC adopts the changes requested in the petition, lenders would largely be prohibited from calling distressed borrowers.
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Short Takes: New Risk-Sharing Deal from Fannie / Lender Settles Discrimination Claims with HUD / New Residential Issues Non-Agency MBS / Fitch Affirms Ocwen's Ratings

March 13, 2017
Brandon Ivey
Fannie Mae is preparing to issue a Connecticut Avenue Securities risk-sharing transaction relating to mortgages with an unpaid principal balance of $39.99 billion.
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Non-Agency MBS Participants See a Deal Agent as Adding a ‘Brain’ to Transactions

March 9, 2017
Brandon Ivey
Clayton Holdings was the first firm to receive an assessment from rating services as a deal agent…
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Servicers Strongly Oppose Maryland’s Attempt to Block Mortgage Servicing Transfers

March 9, 2017
Brandon Ivey
The Consumer Mortgage Coalition believes the proposal effectively prohibits servicing transfers in many cases…
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Jumbo MBS Market Looking Relatively Strong as Shellpoint Prepares Another Deal

March 9, 2017
Brandon Ivey
Yet another new jumbo MBS deal is hitting the market. This time from an affiliate of Shellpoint…
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