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.

Ocwen Hiring More Staff and Meeting Financing Requirements

April 3, 2020

Brandon Ivey

Ocwen said it was in compliance with all financial covenants as of March 31. Meanwhile, after years of layoffs, the servicer is now hiring.

ARM and IO Lending Increase in Fourth Quarter

April 3, 2020

Brandon Ivey

Originations of both ARMs and IOs increased in the fourth quarter and in all of 2019. Growth among IO lenders even outpaced the increase in total first-lien originations. (Includes two data charts.)

Brandon Ivey

ARTICLES

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

Ocwen Hiring More Staff and Meeting Financing Requirements

ARM and IO Lending Increase in Fourth Quarter

Latest Imf News

Refis Push Primary MI Volume Up in Fourth Quarter

Interest Rates on Mortgages Fall to Lowest Level Since 2022

Investor Demand for Non-Agency MBS Remains Strong

Opendoor to Offer Mortgages for Homebuyers

Featured Data

M&A Reshapes Conventional Mortgage Market

Bank MB Earnings Slump in 4Q25 Despite Higher Volume

Correspondents Lose Share in Agency Securitizations

CRE Securitization Rises in 2025 With Agency MF Boost

Featured Reports

Mortgage Profitability Report 3Q25 (PDF)

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (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?