When Loan Demand is Strong, Consumers Get Bad Pricing? September 13, 2017 Brandon Ivey The researchers tracked lender rate sheets from 2008 through 2014…Read More
Delinquencies Inch Up in 2Q17. A Trend or a Blip? September 7, 2017 Brandon Ivey The increase in delinquencies was driven by loans going late in 30-60 day category…Read More
It’s Official: Lone Star’s New Security Largest Post-Crisis Nonprime MBS To Date September 7, 2017 Brandon Ivey The new security is backed solely by loans from Caliber...Read More
Short Takes: Wells Fargo and UWM Weigh In on Hurricane Irma / Non-Agency MBS Not Impacted by Harvey / Clayton Rolls out ‘Readiness Solution’ for Nonprime / A Promotion at LendingTree September 7, 2017 Paul Muolo and Brandon Ivey Meanwhile, United Wholesale Mortgage CEO Mat Ishbia said the nation’s largest wholesaler is not cancelling any closings because of Irma, at least not yet...Read More
Jumbo Servicing Continues to Increase for Most Firms; Performance Pristine September 6, 2017 Brandon Ivey Of the nation's top 10 jumbo servicers, just one is a nonbank: Ocwen Financial.Read More
First ‘Expanded Prime’ MBS from Redwood Shows Somewhat Looser Underwriting than Typical Super-Prime Jumbos September 6, 2017 Brandon Ivey Mortgages from 103 lenders will be included in the deal led by PrimeLending…Read More
Short Takes: Loan Closings Cancelled in Parts of FL as Hurricane Approaches / A Rarity: Podium Readies Jumbo MBS Backed by Reverses / Applications and Refis on the Rise / Freddie Exec Takes CIO Job with Subservicer Cenlar September 6, 2017 Paul Muolo, Brandon Ivey, and Sherry Muolo As another hurricane approaches the U.S. more loan closings are cancelled...Read More
Non-QM Performance Strong but There’s a Catch: Many Prepayments September 5, 2017 Brandon Ivey Investors in non-QM MBS have to worry about fast prepayment speeds, not credit problems...Read More
Lone Star Preps Nonprime MBS that Could be the Largest Issued with Post-Crisis Originations September 5, 2017 Brandon Ivey The nonprime mortgages were sourced through Lone Star affiliate Caliber Home Loans and other lenders…Read More
Freddie Mac: Originations of Purchase Mortgages Constrained by Cash Sales September 1, 2017 Brandon Ivey Before the financial crisis, about 10 percent of home sales were all-cash transactions…Read More