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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Short Takes: No Adverse Impact from State Servicing Laws / National MI Lives Up to Its Name / Assurant Acquires StreetLinks / Credit Score Trends

April 17, 2014
Brandon Ivey
Market fundamentals appear to have blunted the expected impact of Homeowner Bill of Rights laws enacted by three states in 2013.
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NY DFS Probe of Nonbank Servicers Has Frozen Servicing Sales

April 17, 2014
Brandon Ivey
The investigation by the New York Department of Financial Services of nonbank servicers including Nationstar Mortgage and Ocwen Financial has put a halt to servicing sales.
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BofA’s Mortgage Settlements Lead to Loss in First Quarter, Originations Decline

April 16, 2014
Brandon Ivey
BofA's mortgage-related settlements led to a loss for the lender in the first quarter of 2014.
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SHORT TAKES: U.S. Bank's Originations Drop / Purchase-Mortgage Applications Remain Down / Servicing Up for Bid / CFPB Forum on Mortgage Closings / Foreclosure Rescue Scams

April 16, 2014
Thomas Ressler and Brandon Ivey
U.S. Bank's mortgage originations in the first quarter of 2014 declined by 71.2 percent compared with the first quarter of 2013.
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Ellie Mae: Encompass Outage Wasn’t Due to an Attack, There was No Data Breach

April 15, 2014
Brandon Ivey
The outage of Ellie Mae's Encompass systems at the end of the first quarter appears to be due to a malfunction on Ellie Mae's end, not a malicious attack.
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SHORT TAKES: Negative Outlook / Fannie to Assess Late Fees / Servicers Implement CFPB Rules / Crowdfunding Servicing Purchases / Johnson-Crapo Outlook

April 15, 2014
Brandon Ivey
DBRS suggests it's likely that most of the U.S. population won't be able to qualify for a mortgage any time soon...
Read More

Citi’s Retail Originations Drop 37% in First Quarter of 2014

April 14, 2014
Brandon Ivey
Citi continued the trend of big banks reporting sharp declines in their mortgage originations, driven by a lack of refinance business.
Read More

Ocwen Hits Snarl on OneWest Servicing Deal

April 13, 2014
Brandon Ivey
Fitch said OneWest found a new buyer for 12,000 mortgages in 39 non-agency MBS that didn’t receive consents as part of the planned transfer to Ocwen.
Read More

SHORT TAKES: FCI Continues to Expand its Servicing Base / Wells Fargo and JPM Take a Rest on MSR Markups / Jumbo Expansion? / Mods and Foreclosures / FDIC Throws Cold Water on Consolidation Theory / New Office for Interlinc

April 13, 2014
Paul Muolo and Brandon Ivey
The MBA said applications for purchase-mortgages with high loan balances have increased in recent months while applications for lower-balance mortgages has declined…
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Is the Market for Servicer Advances Facing Headwinds?

April 11, 2014
Brandon Ivey
Bad news for Nationstar and Ocwen? S&P said downgrades on servicer-advance ABS are possible because the analysis that accompanied ratings on certain deals didn’t consider subordinated interest amounts as part of the ratable promise.
Read More
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