Brandon Ivey

A Revival in Progress: Non-QM Lending

July 29, 2020

Brandon Ivey

Angel Oak's Tom Hutchens: “We’ve got our footing under us and we’re excited about the future"...

Short Takes: Back in the Game: Citadel / Perl’s New Venture / Lumpiness Ahead for GSE Forbearance? / FHA Expands Loss-Mit Options / A New Athens Branch for Nations

July 28, 2020

Paul Muolo, Brandon Ivey, and Maria Volkova

KBW believes mortgage insurance firms are adequately capitalized for delinquencies, based on current levels...

Shellpoint Leads the Pack of Non-Agency MBS Servicers

July 28, 2020

Brandon Ivey

While most non-agency MBS servicers specialize in handling either prime mortgages or expanded-credit loans, Shellpoint services large volumes of both loan types.

Flagstar Turns a Strong Profit on Mortgage Lending in 2Q20

July 28, 2020

Brandon Ivey

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...

Chase, Visio Bring Non-Agency MBS with Investment Properties

July 27, 2020

Brandon Ivey

JPMorgan Chase aggregated loans from various lenders while American Mortgage Investment Partners Management has a deal backed by mortgages originated by Visio Financial Services.

Shellpoint Tops Non-Agency MBS Servicers in Second Quarter

July 24, 2020

Brandon Ivey

Shellpoint Mortgage Servicing is the top servicer, by far, of non-agency MBS issued since the beginning of 2019. The firm handles both prime loans and expanded-credit mortgages. (Includes data chart.)

MBS Investors Question Reporting by Non-Agency Servicers

July 24, 2020

Brandon Ivey

The lack of standardization in the non-agency MBS market has raised concerns about how servicers are handling loans in forbearance. Critical details regarding loan performance are missing, according to investors.

Non-QM Lenders Regaining Footing

July 24, 2020

Brandon Ivey

Demand for non-QMs in the secondary market is helping lenders loosen underwriting standards and drive down interest rates for new production. Five non-QM MBS hit the market in the past two weeks.