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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

A $470 Million Settlement for HSBC; Bank Continues to Pay for the Sins of Household Finance

February 8, 2016
Brandon Ivey
During the subprime boom, HSBC owned Household Finance, a once-top ranked subprime lender and servicer that was later cited for lending and servicing violations.
Read More

Monday Morning Quarterbacking: If Only the Industry Had Used Sensible Underwriting Standards, Think of the Loan Volume…

February 5, 2016
Brandon Ivey
Laurie Goodman, director of the HFPC, said lenders have “plenty of room to safely ease credit.”
Read More

PennyMac Financial Ready to Launch Wholesale Unit

February 4, 2016
Brandon Ivey
Stan Kurland on PennyMac's move into wholesale/broker lending: “We are currently developing the necessary systems and infrastructure..."
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Two Harbors Earns $72.1 Million in 4Q, Will Focus More on MSRs…

February 4, 2016
Brandon Ivey
Two Harbors issued $2.00 billion of jumbo MBS 2015, adding that pricing improved for its deals throughout the year.
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Impac Gets More Aggressive on Non-QM Lending, Hires Channel Development Director

February 3, 2016
Brandon Ivey
Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.
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KBRA Director: ‘Top Four’ Banks Will Exit Residential Lending or ‘Down Size’

February 3, 2016
Brandon Ivey
Will the last megabank left in the mortgage industry please turn out the lights...
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Short Takes: The Bloom is Off the Rose on the CFPB’s ‘Clarifying Letter’ / Enter Alston & Bird / TRID Errors and 1Q Earnings / Hope for a Non-Agency Revival? / A New Detail on the RCS Deal

February 3, 2016
Paul Muolo and Brandon Ivey
We also are hearing reports that TRID errors and closing delays definitely will be affecting first quarter 2016 earnings, at least for certain nonbanks…
Read More

Quicken’s Parent Launches Personal Loan Unit, Touting Tech Similar to Rocket Mortgage

February 2, 2016
Brandon Ivey
Another large nonbank enters the space for unsecured consumers loans. A trend in the making?
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Bank Holdings of Non-Agency MBS Take a Tumble

February 1, 2016
Brandon Ivey
While most players holding non-agency MBS have seen their investments decline, two types of investors actually increased their holdings...
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Cenlar Ordered to Pay Borrower More than $200,000 for Causing ‘Emotional Distress’ after ‘Outrageous Conduct’

February 1, 2016
Brandon Ivey
The subservicer started charging the borrower various attorney fees after completing the modification and didn’t respond to the mortgagor’s questions about those fees in a timely matter...
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