Brandon Ivey

Homeownership Rate Flat in 3Q Despite Low Interest Rates

November 6, 2020

Many potential buyers haven’t been able to take advantage of low mortgage rates because home prices have increased faster than income, limiting affordability.

Lenders Report Minimal Issues as Employees Work from Home

November 6, 2020

Brandon Ivey

Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits.

Short Takes: Keep the Champagne Flowing / PennyMac Remains in a Hiring Mode / A Rerun for Nonbank Mortgage IPOs? / Impac’s Tiny Profit / loanDepot?

November 6, 2020

Paul Muolo and Brandon Ivey

A slowdown in originations? Don't bet on it...

Back in the Saddle: The MSR Market?

November 6, 2020

Brandon Ivey

Strong origination profits have allowed many smaller shops to hold MSRs until the time is ripe to sell...

An Absolutely Blowout Quarter for PennyMac Financial

November 5, 2020

Brandon Ivey

On the origination side of the aisle, loan production increased sequentially by 43.9%, one of the strongest showings among the top 10.

Interest Shortfalls Posing Risks for Investors in Prime Non-Agency MBS

November 5, 2020

Brandon Ivey

As borrowers in prime non-agency MBS transition out of forbearance plans, investors in the deals could experience reduced cashflows due to interest shortfalls.

Demand for MSRs Rebounds After Agency Clarifications

November 5, 2020

Brandon Ivey

Various announcements by Ginnie, FHFA and the GSEs helped investors in MSRs get more comfortable in recent months. Meanwhile, use of Ginnie’s PTAP financing option remains minimal.

Demand for MSR Returns, Pricing Recovering Too

November 5, 2020

Brandon Ivey

The flow market for MSR sales is returning to normal after COVID-related volatility in March and April caused demand for MSRs to wane. Traditional sellers of MSRs retained servicing this summer, helped by profits from the refi business.

Loans Exiting Forbearance are ‘Low Hanging Fruit’

November 5, 2020

Brandon Ivey

While the share of loans in forbearance continues to decline, the borrowers who remain in relief could be more difficult to help, according to industry analysts.

MFA Reducing Non-QM Funding Costs with MBS Issuance

November 5, 2020

Brandon Ivey

Non-QM MBS issuance is helping MFA get out of a hole after market volatility in the spring forced the REIT to take on a loan with costly terms.

Brandon Ivey

ARTICLES

Homeownership Rate Flat in 3Q Despite Low Interest Rates

Lenders Report Minimal Issues as Employees Work from Home

Short Takes: Keep the Champagne Flowing / PennyMac Remains in a Hiring Mode / A Rerun for Nonbank Mortgage IPOs? / Impac’s Tiny Profit / loanDepot?

Back in the Saddle: The MSR Market?

An Absolutely Blowout Quarter for PennyMac Financial

Interest Shortfalls Posing Risks for Investors in Prime Non-Agency MBS

Demand for MSRs Rebounds After Agency Clarifications

Demand for MSR Returns, Pricing Recovering Too

Loans Exiting Forbearance are ‘Low Hanging Fruit’

MFA Reducing Non-QM Funding Costs with MBS Issuance

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

Delinquencies Climb During Fourth Quarter, Led by FHA

GSEs Getting Aggressive With Cash Window Pricing

Onity’s Earnings Helped by Release of Tax Valuation Allowance

Featured Data

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

New Nonbank Servicing Giant Emerges in Fourth Quarter

January Ushers In New Year With Modest Gain in MBS

Featured Reports

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

IMF HMDA Dashboard: 2024

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?