Brandon Ivey

Non-QM Impairment Rate Continues Slow, Steady Decline

November 13, 2020

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...

Citadel Lowers Bank Statement Requirement to Three Months

November 10, 2020

Brandon Ivey

Many other non-QM lenders are requiring at least 12 months of bank statements...

Homeownership Rate Flat in 3Q Despite Low Interest Rates

November 6, 2020

Brandon Ivey

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.

Brandon Ivey

ARTICLES

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

Citadel Lowers Bank Statement Requirement to Three Months

Homeownership Rate Flat in 3Q Despite Low Interest Rates

Lenders Report Minimal Issues as Employees Work from Home

Latest Imf News

State AGs Sue OCC Over Interest-on-Escrow Preemption

Mortgage Earnings at Banks Increase Modestly in Second Quarter

Two Harbors Disputes UWM’s Allegations of Breach of Contract

VA Allows Non-Judicial Foreclosure of Loans With Partial Claims

Featured Data

Mortgage Complaints to CFPB Hold Steady in Second Quarter

Largest Servicers Lose Ground in Second Quarter

MSR Transfers Increase in 2Q, UWM’s Sales Spike

Reset Activity Drives 2Q26 Boost in CLO/CDO Issuance

Featured Reports

IMF HMDA Dashboard: 2025

Guide to Mortgage Lending to First-Time Homebuyers

Mortgage Servicing Rights Report: 1Q26 (PDF)

Lender Profiles 1Q26: Top 25 (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?