Brandon Ivey

Few Mortgage-Related Provisions in Stimulus Bill Passed by Congress

December 22, 2020

Missing in action: assistance to help servicers with MBS advances...

Saluda Grade Issues Rare Securitization of Closed-End Second Liens

December 21, 2020

All of the loans in the new security were originated by Spring EQ, a Philadelphia-based lender co-founded by former New Penn CEO Jerry Schiano...

Has Profitability Peaked for Mortgage Companies?

December 18, 2020

Brandon Ivey

Profit margins in the first quarter of 2021 will decline from the fourth quarter of this year, according to a survey of mortgage executives by Fannie Mae. Executives also believe the refi boom might have peaked.

Lender/Servicer Retention of Refinancing Borrowers Low

December 18, 2020

Brandon Ivey

Only 18% of borrowers who refinanced during the third quarter remained with their previous lender/servicer. The reason: Competing lenders offering lower rates.

Credit Unions Move a Step Closer to Investing in MSRs

December 18, 2020

Brandon Ivey

Credit unions are currently prohibited from purchasing MSRs as an investment. The proposal was opposed by the Democrat on the NCUA's board.

MBS, ABS Brace for Changes from a Biden White House

December 17, 2020

Brandon Ivey

The MBS market can expect a push from increased availability of mortgages and improvements to ABS performance.

New QM Rule to Shift Market Share in Residential MBS

December 17, 2020

Brandon Ivey

More non-agency originations, lower market share of non-QMs and securitization of riskier loans are likely consequences of the CFPB’s new QM standards.