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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Short Takes: Strong Demand for Non-FHA Product / BofA Eliminates 'Legacy' Segment / Loan Mods and Foreclosures Decline / FHA Condo Legislation

July 18, 2016
George Brooks and Brandon Ivey
Officials at Wells Fargo said that in the first month of offering the non-FHA yourFirstMortgage, applications for more than $1.0 billion in production were received.
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Jumbo Operations Stop as Annaly Acquires Hatteras

July 15, 2016
Brandon Ivey
Both parties wouldn’t comment on the news regarding Onslow Bay…
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Freddie Packages Conforming Jumbos into $348.36 Million Security with Limited Third-Party Due Diligence

July 14, 2016
Brandon Ivey
Moody’s said third-party due diligence was completed on 30.0 percent of the mortgages…
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Short Takes: GOP ‘Platform’ Calls for the Plug to be Pulled on Fannie & Freddie / But IU Poll Finds Voters Have Soft Spot for the GSEs / Caliber Home Loans Major Player in New Freddie MBS / Fitch on MSR Risks

July 14, 2016
Paul Muolo, Brandon Ivey, and Carisa Chappell
The GOP convention starts in a few days and the party of Lincoln and Roosevelt (Teddy) has its daggers pointed toward Fannie Mae and Freddie Mac. Bully!
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JPM, Freddie Mac Preparing Separate Securities Backed by Conforming Mortgages

July 13, 2016
Brandon Ivey
The pending deal from Chase will include 4,122 mortgages, according to a due diligence review by Opus Capital Markets Consultants…
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‘Portfolio QM’ Proposal from GOP Faulted by Consumer Advocate, Praised by Lenders

July 12, 2016
Brandon Ivey
The president and CEO of the Credit Union National Association countered that the current limitations on QMs may disqualify creditworthy members from obtaining a mortgage.
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Redwood Adjusts QC Process for Reviewing Jumbo Originations, Prompting Criticism from Moody’s

July 11, 2016
Brandon Ivey
Redwood believes the new QC process creates a much larger sample size and a more efficient loan quality feedback loop ...
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If Mortgage Bankers Need Extra Revenue, They Can Sell Leads to Real Estate Agents

July 7, 2016
Brandon Ivey
Researcher Tom Popik noted that real estate agents rarely mention lenders as a “favorite” source of leads…
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Fitch Says Positive Rating Benefit for Non-Agency MBS with Deal Agent will be Small

July 6, 2016
Brandon Ivey
The rating service said the expected loss benefit at the AAA level will likely be modest or immaterial for most transactions.
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The Final Tally: Prime Non-Agency MBS Issuance a Dud in 2Q16; Just Two Deals

July 5, 2016
Brandon Ivey
Prime non-agency MBS issuance in the second quarter of 2016 was down by 74.1 percent from the previous quarter.
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