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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Short Takes: Borrowers Seek Higher Loan Amounts / Home Improvement Loans from Marketplace Lenders / Prepayment Penalties on Jumbo Mortgages / VA Loan Mod Update

August 15, 2016
George Brooks and Brandon Ivey
On loan applications for 30-year fixed-rate conventional mortgages received in June 2016, the average loan size was $316,000, up from an average of $259,000 in June 2012, according to the Mortgage Bankers Association.
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HUD Issues Final Rule Adjusting Standards for Sales of FHA REOs, Aiming to Obtain Higher Sale Prices

August 12, 2016
Brandon Ivey
HUD said the final rule will create efficiencies in property disposition and help HUD obtain the greatest value for REO properties.
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The CFPB Unveils its Final Servicing Rule and the Industry Groans

August 11, 2016
Brandon Ivey
Most of the new requirements under the CFPB servicing rule will take effect in a year…
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Mortgage Brokers Upset with How CFPB Handled Small Business Panel for LO Comp Rule

August 11, 2016
Brandon Ivey
Several mortgage brokers believe their industry wasn’t well represented on the panel…
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S&P Upgrades Ocwen’s Servicer Ratings, Removing the Threat of a Non-Agency Servicing Transfer

August 10, 2016
Brandon Ivey
S&P said the upgrade was prompted by improvements to Ocwen’s “control environment,” among other items…
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Short Takes: Brokers are Hot, Bankers Not So Much / Help Wanted: Senior Mortgage Execs / Flagstar Boosting Retail / The Cost Savings From Closing a Jumbo Conduit / New NPL Auction from Fannie Mae

August 10, 2016
Paul Muolo and Brandon Ivey
Senior-level mortgage executives are in demand these days, according to one recruiter...
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Redwood Boosts Net Income in Second Quarter, Sees Promise in Risk Sharing with Banks

August 9, 2016
Brandon Ivey
Redwood is working to increase investments in first-loss risk on loan pools delivered to Fannie Mae and Freddie Mac.
Read More

FDIC Proposes Standards for Oversight of Third-Party Lending Activities, Including Mortgages

August 8, 2016
Brandon Ivey
The FDIC said third-party lending is an arrangement that relies on a third party to perform a significant aspect of the origination process…
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Two Harbors Readies $380.67 Million Jumbo MBS, and Then Will Exit the Market

August 5, 2016
Brandon Ivey
The senior tranche of the MBS will include credit enhancement of 6.40 percent, similar to the credit enhancement levels of previous deals from Two Harbors.
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PennyMac Has a Blowout Quarter: Income Rises Almost 180 Percent; Record Originations Too

August 4, 2016
Brandon Ivey
PennyMac is also a large subservicer with $52.0 billion worth of contracts on its books.
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