GAO: Difficult to Evaluate FHFA on G-Fees Due to Lack of Clearly Stated Goals October 8, 2014 Brandon Ivey Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?Read More
A Small but Growing Market: MBS Backed by Nonperforming Mortgages October 8, 2014 Brandon Ivey Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private." Read More
Treasury Resisting Calls to Increase Scrutiny of HAMP Servicers October 7, 2014 Brandon Ivey The watchdog arm of Congress noted that the Treasury hasn’t implemented 6 out of 24 recommendations relating to housing programs funded by the Troubled Asset Relief Program. Read More
Short Takes: Student Lender Enters Jumbo Mortgage Space / How are Mortgage Lenders Feeling? Not So Good / Ralph Nader Unhappy with GSE Decision / Why is Johnson-Crapo Even on the Senate Legislative Calendar? October 7, 2014 Paul Muolo, Brandon Ivey, and Charles Wisniowski Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy. Read More
Guess What? Credit Rating Shopping is Still Going On – Mostly in the CMBS Sector October 3, 2014 Brandon Ivey Calvin Wong of Morningstar noted that rating shopping is most obvious in the commercial MBS marketRead More
New Jumbo MBS From JPM Has Highest Average (Post-Crisis) Combined LTV October 1, 2014 Brandon Ivey The senior tranche on the Chase jumbo deal has credit enhancement of 9.90 percent.Read More
Short Takes: Top FHFA Regulator Bolts Agency for Private Sector / Why Did Walter’s Stock Get Hammered? / Community Banks Apparently Love Non-QMs / Homewood Introduces Stated-Income Product / Another Bite at the Refi Apple? October 1, 2014 Paul Muolo and Brandon Ivey Investors have been scratching their heads over the downdraft at Walter/Green Tree...Read More
WinWater Set to Issue Its Second Jumbo MBS; LTV Ratios Creeping Up September 30, 2014 Brandon Ivey The merger-hungry RPM Mortgage of California is the top contributor to the jumbo MBS with a 14.3 percent share.Read More
Higher-Priced Mortgage Lending on the Rise? September 30, 2014 Brandon Ivey While higher-priced lending is on the rise, pricing on these originations isn’t nearly as high as it was in the subprime boom.Read More
Jumbo MBS with Originations Sourced by Five Oaks in the Works September 29, 2014 Brandon Ivey Five Oaks plans to buy some of the subordinate tranches of the new jumbo MBS.Read More