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Home » Authors » Brandon Ivey

Brandon Ivey

bivey@imfpubs.com
Articles

ARTICLES

Grapevine: UWM the Driver of Margin Compression

November 12, 2021
Brandon Ivey
Lenders are at the mercy of United Wholesale Mortgage’s pricing decisions, according to UWM’s president and CEO; Finance of America is seeing better returns from reverse mortgage lending than from traditional mortgages; the IRS released guidance on the Homeowner Assistance Fund.
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Pricing Dispute Prompts Pause in Ocwen’s Clean-Up Calls

November 11, 2021
Brandon Ivey
Ocwen, which had plans to ramp up its clean-up calls of non-agency MBS, put the activity on hold following a pricing issue with Deutsche Bank, a trustee for the MBS.
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Homes are Overvalued, Impacting MBS Assessments

November 11, 2021
Brandon Ivey
S&P recently downgraded its view of home prices at the national level to overvalued from undervalued. How rating services view home prices plays a role in credit enhancement levels for non-agency MBS.
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Barclays to Issue its First Non-QM MBS

November 11, 2021
Brandon Ivey
Barclays was an active issuer of non-agency MBS in the lead-up to 2008, but the firm hasn't issued a deal with newer loans since then.
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Short Takes: Goldman’s Latest MBS… / Guild’s Forbearance Reading / Due Diligence Firm Gets an Offer / Class Action Woes for Zillow? / Toorak’s New MF Chief

November 11, 2021
Paul Muolo and Brandon Ivey
Mortgage due diligence and quality control provider The Stonehill Group will soon have a new owner...
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Delinquency Rate Ticks Up in Third Quarter as Forbearance Ends

November 11, 2021
Brandon Ivey
Early-stage delinquencies jumped in the third quarter, prompting a quarterly increase in the total past-due rate. Many borrowers that have been in forbearance for 18 months are also reaching the end of their payment holidays. (Includes data chart.)
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Mortgage-Related Complaints Fall Across the Board

November 10, 2021
Brandon Ivey
Complaints regarding loan closings declined at the fastest rate during the third quarter...
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Angel Oak (the REIT) Sees a Spike in Income as Non-QM Sector Heats Up

November 10, 2021
Brandon Ivey
Brandon Filson, AOM’s chief financial officer, said the company has the potential to generate returns of roughly 12% to 15% from whole loans...
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Short Takes: Doing Well on MSR Sales / Subscale When Scale is Needed / No More Ginnie Servicing Chores / Will Remain an FHA and VA Lender / Entering the Doctor Market

November 10, 2021
Paul Muolo and Brandon Ivey
Home Point will keep originating FHA/VA products but it won't be servicing the loans. An opportunity for someone else?
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Finance of America Swings to a Profit in Third Quarter

November 9, 2021
Brandon Ivey
While FoA is originating many more traditional mortgages than reverse mortgages, much of the lender's profits are coming from reverses...
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View All Articles by Brandon Ivey

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