Brandon Ivey

Anne Canfield of Michael Best Strategies: “This is a major issue. I can honestly tell you that nonbank mortgage servicers will not make it past early May. They will be out of business”…

Non-Agency MBS Issuance Slowed in First Quarter

April 3, 2020

Brandon Ivey

Issuance of non-agency MBS fell 8.2% in the first quarter, with the decline driven by the expanded-credit sector. The non-agency MBS market essentially shut down in March due to fallout from the coronavirus. (Includes data chart.)

Major Non-QM Lenders Suspend Production, Lay Off Staff

April 3, 2020

Brandon Ivey

The major producers of non-QMs suspended originations in March and, with the market paused, layoffs have started.

Jumbo Originations Continue at Big Banks, Interest Rates Up

April 3, 2020

Brandon Ivey

The top five producers of jumbos continue to offer the mortgages. The production picture is less clear at nonbanks, which don’t have portfolio capacity.

REITs Sell Non-Agency MBS to Limit Margin Calls

April 3, 2020

Brandon Ivey

New Residential, Redwood and Two Harbors sold non-agency MBS holdings as REITs were hit with a surge of margin calls from their lenders. Efforts by the federal government to prop up the mortgage market haven’t done much for non-agency players.

Brandon Ivey

ARTICLES

Financing Issues Mount for Angelo, Gordon's REIT

Jumbo Correspondent Buyers: Who's In, Who's Out?

Large Nonbank Servicers’ Finances ‘Healthy’ at 1Q End

Non-Agency MBS Issuance Slowed in 1Q20. Reason: COVID-19

Velocity Raising $45 Million Via Stock Sale to Address Funding Issues

Short Takes: Assistance for Nonbanks? Yes or No? / Big Trouble by Early May? / In the Queue / A Record Quarter for UWM / Ocwen’s Progress

Non-Agency MBS Issuance Slowed in First Quarter

Major Non-QM Lenders Suspend Production, Lay Off Staff

Jumbo Originations Continue at Big Banks, Interest Rates Up

REITs Sell Non-Agency MBS to Limit Margin Calls

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

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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?