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Home » Authors » Brandon Ivey

Brandon Ivey

bivey@imfpubs.com
Articles

ARTICLES

Servicers Tap Prepayments; Relief From Agencies Limited

May 7, 2020
Brandon Ivey
The gap between when prepayment proceeds are received and when the funds must be transferred to agencies provides an opportunity for servicers to use the funds for forbearance-related advance payments.
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Mortgage Applications Slow in COVID-19 Hot Spots

May 7, 2020
Brandon Ivey
States with a higher case rate of coronavirus infections saw a larger drop in purchase-mortgage applications in March, according to the CFPB.
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Hard Data: FHA/VA Credit Scores Move Higher (More to Come)

May 6, 2020
Brandon Ivey

The average credit score for VA loans rose 1.3 points from the fourth quarter to 716.1 in the first three months of 2020. That’s the highest reading since loan-level MBS became available from Ginnie in 2014.


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Non-Agency MBS Market Urged to Set Standards for Forbearance

May 6, 2020
Brandon Ivey

A failure by the non-agency market to set standards for forbearance could harm borrowers and the market, according to a paper published by the Milken Institute.


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New Residential Takes $1.6B Loss in 1Q, Ready to Handle Servicing Advances

May 5, 2020
Brandon Ivey

New Residential can easily handle costs associated with servicing advances and the nonbank is primed to "make a lot of money," according to CEO Michael Nierenberg...


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Surprise: Neuberger, MFA Plan to Issue Non-QM MBS

May 4, 2020
Brandon Ivey

All of the mortgages in MFA’s planned MBS were originated by Citadel, leading to speculation that the deal was scrapped. However, a spokesperson for MFA said the REIT still plans to issue the security.


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Single-Family Rental M&A Called Off Due to Coronavirus Complications

May 4, 2020
Brandon Ivey

Amhert's planned acquisition of Front Yard was announced weeks before the financial impact of the coronavirus was apparent.


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Neuberger Berman, MFA Plan to Issue Non-QM MBS

May 1, 2020
Brandon Ivey
The stall in issuance of non-QM MBS could be close to an end. Two firms plan to issue deals, though the exact timing isn’t clear.
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Sprout Resumes Originations of Non-QMs with Tighter Underwriting

May 1, 2020
Brandon Ivey
Sprout Mortgage, the third-ranked expanded-credit lender in 2019, has restarted non-QM lending, but with tighter underwriting standards.
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Non-Agency Forbearance Increasing, Liquidity Facility Sought

May 1, 2020
Brandon Ivey
Forbearance on non-agency mortgages is on the rise, presenting liquidity risk for servicers. Federal agencies have yet to offer a helping hand.
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View All Articles by Brandon Ivey

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