Brandon Ivey

Expanded-Credit Loans Drive Increase in Non-Agency Activity

January 14, 2020

Fun fact: Expanded-credit MBS accounted for 66.6% of non-agency issuance in 2019, compared with 43.7% in the previous year.

Citi, First Republic Boost Originations in 2019

January 14, 2020

Brandon Ivey

Citi's retail mortgage originations increased by nearly 80% in 2019 while First Republic's production was up by more than 50%.

Goldman Stocks Jumbo MBS with Loans from Nonbanks

January 13, 2020

Brandon Ivey

HomeBridge Financial Services is the top contributor to the $488.80 million MBS with a 19.9% share.

Expanded-Credit Loans Drive Increase in Non-Agency MBS

January 10, 2020

Brandon Ivey

Issuance of non-agency MBS increased by nearly 50% on an annual basis in 2019, largely due to expanded-credit mortgages. (Includes data chart.)

Prime Non-Agency MBS Issuance Expected to Increase in 2020

January 10, 2020

Brandon Ivey

Issuance of prime non-agency MBS will likely increase this year, according to projections by industry analysts. The big wildcard is how FHFA’s efforts to reduce the GSEs’ footprint will impact the non-agency market.

Velocity Financial Plans $100 Million IPO

January 10, 2020

Brandon Ivey

The lender plans to raise around $100 million through an initial public offering of shares. Velocity funded about $1.0 billion of originations in 2019, focused on residential investment and small commercial properties.

Handful of Expanded-Credit MBS Incur Losses

January 10, 2020

Brandon Ivey

At least eight expanded-credit MBS rated by DBRS Morningstar suffered losses in the second half of 2019. Investors, though, were protected due to high credit enhancement levels.

Fix-and-Flip Lending Concentrated Among Few

January 10, 2020

Brandon Ivey

Anchor Loans and LendingHome are the largest lenders operating in the fix-and-flip space. An analysis of the most recent HMDA data suggests the firms are neck and neck in originations of short-term loans. (Includes data chart.)

Non-Agency MBS Deals to Resume Post Holiday Break

January 10, 2020

Brandon Ivey

After a lull in December, issuers are bringing non-agency MBS to the market. Redwood Trust is planning a deal with seasoned mortgages while New Residential has an expanded-credit MBS.

SitusAMC, Clayton Top MBS Due Diligence Providers

January 10, 2020

Brandon Ivey

While 12 firms are deemed as acceptable by Fitch Ratings to review loans in MBS rated by the agency, two firms, SitusAMC and Clayton, handled nearly all reviews in recent years.

Brandon Ivey

ARTICLES

Expanded-Credit Loans Drive Increase in Non-Agency Activity

Citi, First Republic Boost Originations in 2019

Goldman Stocks Jumbo MBS with Loans from Nonbanks

Expanded-Credit Loans Drive Increase in Non-Agency MBS

Prime Non-Agency MBS Issuance Expected to Increase in 2020

Velocity Financial Plans $100 Million IPO

Handful of Expanded-Credit MBS Incur Losses

Fix-and-Flip Lending Concentrated Among Few

Non-Agency MBS Deals to Resume Post Holiday Break

SitusAMC, Clayton Top MBS Due Diligence Providers

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