Verus Aims to be a Significant Player in Nonprime (Non-QM) April 20, 2018 Brandon Ivey Verus counts among its competitors Angel Oak, Caliber Home Loans, Citadel Servicing, Deephaven Mortgage and SG Capital Partners.Read More
Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space… April 18, 2018 Brandon Ivey MISMO noted that blockchain is based on digitized, distributed ledgers…Read More
Prime Non-Agency MBS Issuers Getting More Creative… April 17, 2018 Brandon Ivey Due diligence reviews can be costly, especially when the mortgages being produced are pristine.Read More
Invictus to Issue a Non-Agency MBS Backed by Single-Family Rental Property Loans April 17, 2018 Brandon Ivey The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.Read More
Short Takes: Bank of America Kisses Mortgage Banking (Reporting) Goodbye / When MSR Cash Flow Becomes ‘Immaterial’ / The Eye of the Beholder / Tossing Mortgage Stuff Overboard / Redwood on an MBS Hot Streak / Leaving loanDepot for Impac April 17, 2018 Paul Muolo and Brandon Ivey Is Bank of America doing a slow fade on mortgages? Read More
SG Capital Partners Packs Large Share of Non-QMs into its Latest Nonprime MBS April 12, 2018 Brandon Ivey SG Capital Partners focuses on loans with higher balances than other nonprime MBS aggregators.Read More
Guaranteed Rate Expects to Hit Record Volume in 2018 with Strong Purchase Activity April 11, 2018 Brandon Ivey The nonbank locked $2.3 billion of purchase mortgages in March, up 52.0 percent from the prior month. Read More
Short Takes: Rep. Waters Doesn’t Hold Back on Criticism of Mulvaney / Next Up: Sen. Warren (CFPB Founder) / When Bank LOs Make More than Their CEOs / G-Rate Steps Up LO Recruitment / Worrying About GSE Servicing Comp (Still) April 11, 2018 Paul Muolo and Brandon Ivey According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...Read More
SoFi Hires Former Co-Head of Structured Finance at Goldman as CFO. Meaning? April 10, 2018 Brandon Ivey The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…Read More
ARMs Gained Market Share in 2017, but Volume was Flat April 10, 2018 Brandon Ivey Chase was the top-ranked ARM producer in 2017…Read More