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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

PennyMac Adds Non-Delegated Option to Correspondent Program. The Cost: $495

June 21, 2016
Brandon Ivey
PennyMac is hoping non-delegated deliveries become an attractive option for many of its customers…
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Short Takes: CFO of Marketplace Firm Departs / The Coming Bloodbath in Marketplace Lending? / More Non-Delegated Options for Sellers / MiMutual Posts Nice Production Gain / He’s Back: GSE Wag Bill Maloni

June 21, 2016
Brandon Ivey and Paul Muolo
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
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Interest-Only Lending Up Almost 27 Percent in 1Q16

June 20, 2016
Brandon Ivey
Chase, which has significantly increased its jumbo originations in recent years, more than doubled its IO originations in the first quarter.
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The Bank Incentive to Hold Mortgages in Portfolio Isn’t Going Away Anytime Soon

June 20, 2016
Brandon Ivey
It’s no secret that some banks, including Wells Fargo, are retaining GSE-eligible mortgages in portfolio instead of delivering them to Fannie Mae and Freddie Mac. When and if the trend will reverse is anyone’s guess…
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Short Takes: Up and Down Mortgage Mt. Everest / Going Online with IO Ads / Overture’s Tech Update / DOJ Abandons Case Against Countrywide Founder Mozilo

June 20, 2016
Brandon Ivey and Paul Muolo
Social Finance (SoFi) and Guaranteed Rate are among the lenders advertising their interest-only offerings online…
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New Residential to Issue $400 Million ABS Backed by Servicing Advances; Ocwen Plays a Role

June 16, 2016
Brandon Ivey
The ABS allows the following mortgage firms to service the assets: Nationstar, New Residential, Select Portfolio Servicing, Specialized Loan Servicing and Walter Investment Management.
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JPM’s Jumbo Originations Performing Exceptionally Well, 60+ Delinquency Rate Below 1.0 Percent

June 15, 2016
Brandon Ivey
Performance in Chase’s jumbo program has remained strong even with the lender loosening underwriting standards somewhat...
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Short Takes: Mortgage Trade Group v. Mortgage Trade Group? / MBA’s Stevens Reacts / Quicken Selling Loans to Berkshire’s Mortgage Unit / Why Moody’s Can't Rate JPM’s LO System / Fannie Hires New Chief Audit Executive

June 15, 2016
Brandon Ivey and Paul Muolo
MBA President Dave Stevens told IMFnews: “We respect the work of Glen [Corso, CMLA director] and his organization greatly...."
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S&P Places Negative Outlook on Walter, Questions Nonbank’s Plans to Reduce Leverage

June 14, 2016
Brandon Ivey
S&P Global Ratings warned on Monday that it could downgrade the issuer credit rating of Walter Investment Management later this year due to ongoing problems at the nonbank.
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Trade Groups Raise Concerns About Proposal to Include Language Preference on Loan Applications

June 10, 2016
Brandon Ivey
A language preference question would raise several serious compliance and legal concerns that strongly weigh against including it on the Uniform Residential Loan Application, according to industry trade groups.
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