Brandon Ivey

Deephaven Back in Non-QM MBS Saddle (With Relatively Small Deal)

February 3, 2021

Brandon Ivey

The deal is sized at $146.2 million while previous MBS from Deephaven averaged closed to $400 million in volume.

Tech-Focused Valon Raises $50 Million, Has Huge MSR Growth Plans

February 2, 2021

Brandon Ivey

Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...

The King of Jumbo MBS Contributions: UWM. However…

January 31, 2021

Brandon Ivey

Despite the achievement of the ranking, UWM’s contribution to jumbo MBS actually declined by 4.4% on an annual basis last year while overall non-agency jumbo securitization increased...

A Rare Downgrade for Post-Crisis Non-Agency MBS

January 29, 2021

Brandon Ivey

The $608.83 million deal issued by JPMorgan Chase in 2019 is stocked with non-QMs.

Short Takes: Home Point Downsizes IPO / Former Freddie CEO Joins Commercial Mortgage Lender / Forbearance Reading Increases / Dynex Raises Cash

January 29, 2021

Brandon Ivey

Home Point planned to sell 12.5 million shares at as much as $21 per share but the nonbank lender ended up with a smaller IPO.

UWM Tops Jumbo MBS Contributors in 2020

January 29, 2021

Brandon Ivey

United Wholesale Mortgage was the top contributor to jumbo securitizations in 2020. The average credit score, debt-to-income ratio and combined loan-to-value ratio on loans in jumbo MBS somewhat tightened in 2020. (Includes two data charts.)

Non-QM MBS Issuers Ready. But Where Are the Loans?

January 29, 2021

Brandon Ivey

The non-QM market is poised for a comeback, helped by strong demand from investors in the secondary market. However, production is lagging as lenders continue to focus on agency refis.

Lenders Report Mixed Jumbo Origination Trends

January 29, 2021

Brandon Ivey

First Republic Bank reported increased production in the fourth quarter and for full year. Volume was down on an annual basis at Flagstar Bank and Redwood Trust.

Third-Party Firms Slowing Down Non-QM Originations

January 29, 2021

Brandon Ivey

It’s taking longer to originate non-qualified mortgages and offload the product due to capacity constraints at due diligence providers and other third-party vendors.

New QM Standards Likely to Shrink Non-QM Share

January 29, 2021

Brandon Ivey

A significant portion of non-QMs could meet new standards for qualified mortgages, according to Kroll Bond Rating Agency. It’s also possible that the CFPB will alter the standards before they take effect.

Brandon Ivey

ARTICLES

Deephaven Back in Non-QM MBS Saddle (With Relatively Small Deal)

Tech-Focused Valon Raises $50 Million, Has Huge MSR Growth Plans

The King of Jumbo MBS Contributions: UWM. However…

A Rare Downgrade for Post-Crisis Non-Agency MBS

Short Takes: Home Point Downsizes IPO / Former Freddie CEO Joins Commercial Mortgage Lender / Forbearance Reading Increases / Dynex Raises Cash

UWM Tops Jumbo MBS Contributors in 2020

Non-QM MBS Issuers Ready. But Where Are the Loans?

Lenders Report Mixed Jumbo Origination Trends

Third-Party Firms Slowing Down Non-QM Originations

New QM Standards Likely to Shrink Non-QM Share

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