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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

New Residential to Package Seasoned Mortgages from Clean-Up Calls into $665 Million Non-Agency MBS

April 18, 2017
Brandon Ivey
Nationstar is handling the servicing chores on most of the loans, with Ocwen Financial taking a 2.60 percent share.
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Bayview Prepping More Non-Agency MBS Backed by Seasoned Mortgages

April 17, 2017
Brandon Ivey
Affiliates of Bayview Asset Management will package more than 3,000 seasoned mortgages into Koitere Fund Trust 2017-SPL3 and Bayview Opportunity Master Fund IVa Trust 2017-LL1.
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Short Takes: CFPB Sends Discrimination Cases to DOJ / Trump Set to Shift Fed / Origination Profits Increase / Walter Appoints General Counsel

April 17, 2017
Thomas Ressler and Brandon Ivey
The Consumer Financial Protection Bureau referred eight matters to the Department of Justice last year, claiming it found discrimination in credit transactions.
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Short Takes: Assessing Wells Fargo / Did the Account Fabrication Scandal Play a Role? / Watching the Yield on the 10-Year (Fall) / Better Mortgage Believes it Has a Better Idea on LO Comp / SFIG Prepares the Next Phase

April 13, 2017
Paul Muolo and Brandon Ivey
For Wells, the bigger question might be: did its “account fabrication” scandal of 2016 (which is still reverberating at the company) affect its mortgage business?
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Jumbo Lender First Republic’s 1Q Originations Slip Almost 18 Percent, but Strong Improvement in Gain-on-Sale

April 13, 2017
Brandon Ivey
Home equity lending at First Republic totaled $414.3 million in the quarter, off 8 percent from the prior period.
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Still a Better Deal: Selling ‘Conforming’ Jumbos to Fannie and Freddie. But for How Long?

April 12, 2017
Brandon Ivey
However, conforming jumbos accounted for 36.3 percent of the $1.03 billion non-agency MBS JPMorgan Chase issued in February.
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The Final Tally: ARM Originations Increased in 2016; JPMorgan Chase the Market Leader

April 12, 2017
Brandon Ivey
Wells Fargo Co. ranked third with $21.1 billion of ARM originations in 2016…
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UWM Parent Agrees to $1.4 Million Settlement with California for Improper Interest Rate Charges

April 11, 2017
Brandon Ivey
CEO Mat Ishbia said the interest-rate issue concerned just 5 percent of the lender’s loans that were closed in California between 2011 and 2014. “We didn’t benefit one penny and not one borrower was harmed,” he said.-
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Short Takes: Consumer Complaints Center on Credit Bureaus / LenderLive Completes PHH Deal / New Rez Issues Non-Agency MBS / Ben Carson’s ‘Listening Tour’ Arrives in Jacksonville, FL / Norcom Opens Denver Branch

April 11, 2017
Paul Muolo, Thomas Ressler, and Brandon Ivey
LenderLive hired a majority of the former PHH employees and rebranded the private-label facility...
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Mixed Performance for Nonbanks, but Quicken Strong

April 10, 2017
Brandon Ivey
Moody’s notes that the privately held Quicken Loans has strong profitability “due to its solid franchise position and strong capital levels…”
Read More
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