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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Hatteras Issues First Jumbo MBS; Stonegate Mortgage Top Contributor

December 7, 2015
Brandon Ivey
Stonegate Mortgage is the top contributor to the deal with a 32.3 percent share, followed by Prime Lending with a 21.6 percent share...
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Short Takes: The New York Times-MBA Dust Up / Risk-Sharing in Jeopardy? / Garrett Advises on an ‘Investor Diet’ / Credit Enhancement and the Hatteras Jumbo MBS Deal / Michigan Mutual Hires Daniel Jacobs

December 7, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...
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Fannie Mae Allows for Pledge of Interest in ‘Servicing Compensation’

December 4, 2015
Brandon Ivey
Fleig said Fannie’s new policy has prompted some questions as industry participants haven’t seen a draft of the subordination agreement seller/servicers will have to sign.
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Bank and Thrift Holdings of First Liens Rise Ever So Slightly

December 4, 2015
Brandon Ivey
Jumbo mortgages remain the product of choice for bank portfolios, though some lenders are retaining originations of conventional-conforming mortgages.
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Wells Fargo Fights Back Against Cross-Selling Allegations

December 3, 2015
Brandon Ivey
In addition to state law, federal laws address cross-selling issues. The Real Estate Settlement Procedures Act, for example, covers referrals of settlement service business, like residential mortgage loans.
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Franklin American in $70 Million Settlement with DOJ Over FHA Underwriting; Pressure From Management?

December 3, 2015
Brandon Ivey
“Some of you work the regular hours with minimal extra ... and this will not work,” an assistant vice president and underwriting manager at Franklin American said in an email to underwriters...
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Jumbo Lending Declines in 3Q, Competition is Stiff

December 2, 2015
Brandon Ivey
Among the top five jumbo lenders, only Chase was able to increase its production between the second quarter and the third quarter.
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Loan Mod Activity Slowing, Servicers Focusing on Areas with High Unemployment, Affordability Issues

December 1, 2015
Brandon Ivey
Hope Now said 75,969 foreclosure sales were completed in the third quarter of 2015, a 15.0 percent sequential decline and down 30.8 percent compared to 3Q14
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MBS Investors Call for Feds to Set Minimum Standards for Non-Agency MBS

November 30, 2015
Brandon Ivey
Monique Rollins, deputy assistant secretary for the Treasury Department’s Office of Capital Markets, said the Treasury supports industry-driven efforts.
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Is a Cut in Fannie/Freddie Guaranty Fees in the Cards for 2016?

November 24, 2015
Brandon Ivey
Barclays believes there is both an economic argument and a policy argument for reducing GSE guaranty fees…
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