BRAWL, With a Little Help from Its Friends March 16, 2018 Brandon Ivey BRAWL has worked with the marketing teams at a number of wholesale lenders...Read More
Angel Oak Issues Non-Agency MBS Backed by Short Term Fix-and-Flip Loans March 15, 2018 Brandon Ivey “The short-term nature of the collateral paired with an attractive yield makes for a rare opportunity in today’s investing climate,” said Angel Oak’s Sreeni Prabhu…Read More
Short Takes: Union Bank Really Likes HELs / Falling Rates or a Head Fake? / BRAWL is Taking Down Names and Handing out Report Cards / Impac Executive Gets an Additional Title March 15, 2018 Paul Muolo and Brandon Ivey Rates are falling once again but don't pop the champagne quite yet...Read More
Fitch: Consolidation Expected Among Nonbank Servicers. Rising Costs a Major Concern March 14, 2018 Brandon Ivey Fitch said independent nonbank servicers remain vulnerable to rising costs…Read More
LIBOR Won’t Disappear Until 2021, So Don’t Sweat It. Right? March 13, 2018 Brandon Ivey ICE Benchmark Administration plans to release a “roadmap” for LIBOR this year.Read More
Banks Continue to Invest in First Liens; Holdings Up 4.1 Percent March 12, 2018 Brandon Ivey Wells remained the top portfolio holder at the end of 2017, though Chase and BofA grew faster.Read More
Citadel Loosens Underwriting Standards on Nonprime Products, Citing Strong Loan Performance March 12, 2018 Brandon Ivey Citadel introduced a 5/1 hybrid adjustable-rate mortgage and a 5/25 interest-only term loan…Read More
Short Takes: Amazon Wants to Enter the Mortgage Industry (Good Luck with That) / Who is Nick Clemente? / Risk and the GSEs / Essent’s Risk-Sharing Deal / A New Hire for Recovco March 12, 2018 Paul Muolo and Brandon Ivey From what we understand, the Amazon executive spearheading the effort is Nick Clemente...Read More
Broker Group Continues Attack on What it Views as Unfriendly Wholesalers March 9, 2018 Brandon Ivey Six lenders were deemed by BRAWL to be true partners, including Plaza Home Mortgage and United Wholesale Mortgage…Read More
Embrace Home Loans Hires a Deephaven Capital Markets VP to Head Product Innovation March 8, 2018 Brandon Ivey Parkes Dibble was previously vice president of capital markets... Read More