Brandon Ivey

Flagstar Stocks Non-Agency MBS with GSE-Eligible Investment-Property Loans

May 12, 2021

Additional non-agency MBS with GSE-eligible mortgages for investment properties are expected due to new limitations on Fannie/Freddie acquisitions of such loans.

Guild Boosts Margins and Income in 1Q21, Plans to Acquire RMS

May 11, 2021

Brandon Ivey

Surprise: Guild plans to buy the South Portland-based Residential Mortgage Services through a three-year earnout valued at $197 million...

Short Takes: A New 52-Week Low for UWM / The Competition Picture? / The Ten-Year / Non-Agency Forbearance? / Embrace Gets a New President

May 10, 2021

Paul Muolo and Brandon Ivey

When it comes to mortgage profits, it's not always a case of where you've been, but what lies ahead...

AmWest Top Contributor to Expanded-Credit MBS in First Quarter

May 10, 2021

Brandon Ivey

AmWest originates a variety of loans through all three lending channels, with an emphasis on TPO...

Angel Oak Preps its Second MBS with Loans Originated After March 2020

May 10, 2021

Brandon Ivey

The new MBS is somewhat smaller and has longer average loan seasoning...

QM Changes to Help Improve Odds for Non-Agency Players

May 7, 2021

Brandon Ivey

In the absence of the GSE patch, lenders have fewer incentives to rely on GSE eligibility when determining a loan’s QM status. Still, the final destination of a loan will depend on pricing in the non-agency market.

AmWest Top Contributor to Expanded-Credit MBS in 1Q21

May 7, 2021

Brandon Ivey

Some $470 million of expanded-credit mortgages originated by AmWest Funding were securitized in the first quarter. (Includes three data charts.)

Income and Originations Decline at PennyMac in First Quarter

May 7, 2021

Brandon Ivey

PennyMac's income fell by 17% on a sequential basis in the first quarter, originations declined by 3.5% while the nonbank's servicing portfolio grew by 5.2%.