Brandon Ivey

Chimera Focusing on Prime Loans for Non-Agency MBS Issuance

November 13, 2020

Chimera is generating attractive returns by packaging jumbos, GSE-eligible investment-property mortgages and seasoned loans into non-agency MBS. The REIT continues to avoid non-QMs.

An Unexpected Resignation at Freddie: CEO David Brickman is Out

November 13, 2020

Brandon Ivey

Brickman took over the CEO role in July 2019. His final day will be Jan. 8.

Noncore Share of GSE Business Declines in Third Quarter

November 13, 2020

Brandon Ivey

The volume of business the GSEs conduct in various noncore categories increased in 3Q but the noncore share of Fannie/Freddie business declined as lenders focused on refinances. (Includes data chart.)

Non-QM Impairment Rate Continues Slow, Steady Decline

November 13, 2020

Brandon Ivey

The share of non-QMs that are delinquent or in a loan modification declined again in September. The impairment rate in the sector remains high, though loan holders are optimistic.

News Briefs

November 13, 2020

Brandon Ivey

Loan limit projections for 2021; non-agency forbearance declines; Sterling takes losses on non-QM buybacks; Anworth's MBS plans whither; Griffin launches jumbo product; Citadel offering three-month bank statement loans; BBVA offering Prosper-powered HELOC.

Non-QM MBS Issuers Run into Demand-Supply Gap

November 12, 2020

Brandon Ivey

Securitization of non-qualified mortgages is generating healthy profits. However, issuers face a dilemma: Originations of the product have slowed.

Longer-Term Delinquencies Up at Levels Last Seen in 2010

November 12, 2020

Brandon Ivey

The share of loans in the seriously delinquent category increased during the third quarter. Loan performance was worst among FHA mortgages. (Includes data chart.)

Wells Agrees Not to Place Borrowers in Forbearance Unless Requested

November 12, 2020

Brandon Ivey

In order to settle a class-action lawsuit, the nation’s largest servicer said it will provide forbearance only to borrowers who request assistance verbally, in writing or through electronic means.

Velocity Increases Income in 3Q, But Cuts Staff

November 12, 2020

Brandon Ivey

The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.

Short Takes: The First Out the Door: Ginnie’s Appleton / No Permanent President / What is MISMO / FHA Late Pay Rate: 15.80% / An MSR-Backed Security

November 10, 2020

Paul Muolo and Brandon Ivey

Expect to see more Trump appointees leaving their agencies in the weeks ahead...

Brandon Ivey

ARTICLES

Chimera Focusing on Prime Loans for Non-Agency MBS Issuance

An Unexpected Resignation at Freddie: CEO David Brickman is Out

Noncore Share of GSE Business Declines in Third Quarter

Non-QM Impairment Rate Continues Slow, Steady Decline

News Briefs

Non-QM MBS Issuers Run into Demand-Supply Gap

Longer-Term Delinquencies Up at Levels Last Seen in 2010

Wells Agrees Not to Place Borrowers in Forbearance Unless Requested

Velocity Increases Income in 3Q, But Cuts Staff

Short Takes: The First Out the Door: Ginnie’s Appleton / No Permanent President / What is MISMO / FHA Late Pay Rate: 15.80% / An MSR-Backed Security

Latest Imf News

Largest Servicers See Declines in Market Share in 1Q

Income Spikes at Rocket in 1Q, Led by Origination Activity

Fitch Places ‘Deteriorating’ Outlook on HEL Securitization Sector

Carrington to Boost Subservicing Business With Valon Acquisition

Featured Data

Mixed Trends for Largest Ginnie Servicers in 1Q

Investment-Property Loans Drive Up ECM MBS Issuance

Mixed Trends for Mortgage Originations in 1Q

Mortgage Complaints Filed With the CFPB Surge in 1Q

Featured Reports

IMF HMDA Dashboard: 2025

2026 Mortgage Market Statistical Annual (PDF)

Mortgage Servicing Rights Report: 4Q25 (PDF)

Agency Seller-Issuer Profile: 4Q25 (PDF)

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?