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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Ocwen Finally Earns a Profit; Stock Soars; Questions Remain

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.
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Short Takes: Will Ocwen See $60 a Share Again? / Challenges Remain / Ocwen’s Shrinking Employee Base / LPMI Competition Reduced? / Alterra Hires Former Prospect Executive Murray

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen had an average of 7,484 employees in the third quarter of 2016, down 12.3 percent from 3Q15...
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Surprise: Ocwen Earns a Profit for 3Q16, but Revenue Slips While Company Cites Unpaid Settlements

October 26, 2016
Brandon Ivey and Paul Muolo
Ocwen, which in the past has been sanctioned by regulators for some of it servicing practices, also disclosed $10.0 million of additional reserves for a potential California regulatory settlement and $7.0 million of incremental reserves for a previously disclosed letter dating issue.
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Realty Giant RE/MAX Launches Mortgage Brokerage Franchise. The Concept: One-Stop Shopping

October 25, 2016
Brandon Ivey
Pairing real estate agents with loan brokers? RESPA attorneys start your engines...
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First-Time Homebuyer Share of Residential Purchases Falls to Level Last Seen in 2014

October 24, 2016
Brandon Ivey
Back in May, the reading for first-time homebuyers was 40.4 percent.
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Short Takes: FHFA Chief Mel Watt: Embrace Change, Folks / Halfway to Five Years / MBA’s Stevens Makes Reference to FHA Lawsuits / For Wells Fargo, the Fallout Continues

October 24, 2016
Brandon Ivey and Paul Muolo
For Mel Watt, he's at the halfway point...
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Sales of Higher-Priced Mortgages Declined in 2015

October 12, 2016
Brandon Ivey
Higher-priced mortgages are sometimes seen as a proxy for nonprime mortgages...
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At the End of 3Q16, Just Two Firms Were Still Issuing ‘Prime’ Non-Agency MBS

October 11, 2016
Brandon Ivey
Five deals were issued during the quarter, led by a $2.65 billion MBS from Chase that combined mortgages eligible for sale to the government-sponsored enterprises and jumbo loans.
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Portfolio Retention of ARMs Increased in 2Q16

October 11, 2016
Brandon Ivey
Wells Fargo was the top ARM lender in the second quarter with $5.76 billion in originations.
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In Crafting the Deal Agent Concept for Non-Agency MBS, Investors Looked to the GSEs

October 10, 2016
Brandon Ivey
Clayton Holdings is one firm that’s interested in providing deal-agent services to the industry…
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