Brandon Ivey

HMDA: Origination of Loans with Short Terms Decline in 2020

April 9, 2021

Residential lending with loan terms of three years or less declined by nearly 30% on an annual basis in 2020. LendingHome topped lenders in the fix-and-flip and bridge loan sector. (Includes data chart.)

Concerns Over Appraisal Waiver Loans in Non-Agency MBS

April 9, 2021

Brandon Ivey

Two non-agency MBS issued in March included a significant number of loans that didn’t receive full appraisals due to GSE policies. Rating services penalized the collateral by increasing assessed LTV ratios.

Spring Boom: Several Non-Agency MBS Deals are in the Pipeline

April 9, 2021

Brandon Ivey

AIG is set to issue a jumbo MBS with new production and MFA Financial has a non-QM deal with loans that have seasoned for 16 months. A surge of issuance also looks likely later this month.

News Briefs

April 9, 2021

Brandon Ivey

CSBS moving forward with servicing standards for nonbanks; A&D launches jumbo with new QM standards; Angel Oak Commercial Lending expanding into wholesale; Redwood adds Faith Schwartz and Armando Falcon to its board.

Bayview Aggregating Jumbos for MBS Issuance

April 9, 2021

Brandon Ivey

Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts.

Short Takes: In-Person is Back at MBA / By the Numbers / Employee Compensation Costs / What Mortgage Stock Investors Like / NOOs for Sale / Deephaven’s New Hire

April 9, 2021

Paul Muolo and Brandon Ivey

From analyst Henry Coffey of Wedbush Securities: “Investors do not like lower GOS margins"...

Fannie and Freddie Announce the End of the QM Patch

April 9, 2021

Dennis Hollier and Brandon Ivey

Under previous Director Kathy Kraninger, the CFPB claimed the impact from these changes would be minimal. According to the bureau, the vast majority of loans that received QM status due to the patch would also meet the new standards.

MFA Stocks Another Non-QM MBS with Loans from Acra

April 9, 2021

Brandon Ivey

The $394 million MBS from MFA marks the debut of ServiceMac as a subservicer for Acra Lending...

Annaly Selling its Commercial Mortgage Investment Unit to Slate

April 8, 2021

Brandon Ivey

An asset manager based in Toronto agreed to acquire Annaly’s commercial business. The REIT will put an even greater emphasis on its investments in residential MBS.

SOFR Variant Seen as Alternative to LIBOR for MBS and ABS

April 8, 2021

Brandon Ivey

A 30-day average of SOFR would make a good replacement for LIBOR when pricing new MBS and ABS, according to a recommendation from a committee of industry participants convened by the Fed.

Brandon Ivey

ARTICLES

HMDA: Origination of Loans with Short Terms Decline in 2020

Concerns Over Appraisal Waiver Loans in Non-Agency MBS

Spring Boom: Several Non-Agency MBS Deals are in the Pipeline

News Briefs

Bayview Aggregating Jumbos for MBS Issuance

Short Takes: In-Person is Back at MBA / By the Numbers / Employee Compensation Costs / What Mortgage Stock Investors Like / NOOs for Sale / Deephaven’s New Hire

Fannie and Freddie Announce the End of the QM Patch

MFA Stocks Another Non-QM MBS with Loans from Acra

Annaly Selling its Commercial Mortgage Investment Unit to Slate

SOFR Variant Seen as Alternative to LIBOR for MBS and ABS

Latest Imf News

Mortgage Applications Start Year Well Above Early 2025 Level

Mortgage Securitization Rate Increases With GSE Activity

Redwood Continues Leaning on Rocket for Jumbos

Consumer Advocates Frustrated by CFPB’s Regulatory Approach

Featured Data

Largest Sellers See GSE Deliveries Wane in November

Third-Party Lenders Boost Market Share in Third Quarter

Bank Mortgage Repurchases Decline in Third Quarter

Mortgage REITs Up Agency MBS, Shed Non-Agency

Featured Reports

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Agency Seller-Issuer Profile: 3Q25 (PDF)

Mortgage Profitability Report 3Q25 (PDF)

Lender Profiles 3Q25: Top 25 (PDF subscription)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?