Brandon Ivey

Quicken Takes No Prisoners in 2Q20, Funds a Record $72.3 Billion. Parent Reports Stellar Earnings

July 20, 2020

Brandon Ivey

After overtaking Wells in the first quarter of 2020 as the top lender in the nation, Quicken widened its lead.

Short Takes: Number 12 Already? / Signs of Life in Bulk MSR Auctions / JPM’s New Non-Agency MBS / Trying to Save Money? / MBA and NAR Weigh In On Disparate Impact Rule

July 17, 2020

Paul Muolo, Maria Volkova, and Brandon Ivey

Marking the 12th anniversary of Uncle Sam's seizure of the GSEs...

Trade Groups Draft Model Executive Order for eNotarization

July 17, 2020

Brandon Ivey

Several states had online notarization policies for mortgage closings before the pandemic, but more than half of the states have issued orders in recent months — some of them hastily written.

Quicken’s Big Marketing Spend Boosts Return

July 17, 2020

Brandon Ivey

The parent company of Quicken Loans splurged $905 million on marketing last year, helping the nonbank become the second largest mortgage lender. The firm is now ready to launch an IPO.

Ocwen Reports Small Profit for 2Q20, Provides Rosy Outlook. Share Price Soars

July 17, 2020

Brandon Ivey

Efforts to turn Ocwen around appear to be working. The publicly traded nonbank earned $2.0 million in the second quarter and officials there suggest the lender/servicer will be profitable next year.

Non-Agency MBS Investors Wary of Servicing Reporting

July 16, 2020

Brandon Ivey

There’s a lack of standardization among non-agency MBS servicers regarding reporting of loans in forbearance. Investors are having difficulties understanding what exactly servicers are doing.

Rating Services Adjust Criteria to Account for Coronavirus

July 16, 2020

Brandon Ivey

Rating services are requiring higher credit enhancement levels and taking negative actions on outstanding deals due to problems stemming from the coronavirus. Fitch finalized new criteria for residential MBS late last week.

Short Takes: The Quicken Business Model Admired / Channel Comparisons / Angel Oak’s Latest MBS / Plaza Home Ends AIME Sponsorship / A New All-Time Low for Conventional Rates

July 16, 2020

Paul Muolo and Brandon Ivey

Can conventional rates go any lower? We're about to find out...

Non-Agency Servicers in a Fix Over Providing Relief

July 16, 2020

Brandon Ivey

Non-agency mortgages aren’t covered under the CARES Act, leaving servicers of such loans to rely on a combination of standards set by the GSEs and individual MBS contracts.

Servicers Face Forbearance Criticism from Democrats, Consumer Advocates

July 16, 2020

Brandon Ivey

Democrats and consumer advocates suggest that some servicers aren't following forbearance requirements established by the CARES Act.

Brandon Ivey

ARTICLES

Quicken Takes No Prisoners in 2Q20, Funds a Record $72.3 Billion. Parent Reports Stellar Earnings

Short Takes: Number 12 Already? / Signs of Life in Bulk MSR Auctions / JPM’s New Non-Agency MBS / Trying to Save Money? / MBA and NAR Weigh In On Disparate Impact Rule

Trade Groups Draft Model Executive Order for eNotarization

Quicken’s Big Marketing Spend Boosts Return

Ocwen Reports Small Profit for 2Q20, Provides Rosy Outlook. Share Price Soars

Non-Agency MBS Investors Wary of Servicing Reporting

Rating Services Adjust Criteria to Account for Coronavirus

Short Takes: The Quicken Business Model Admired / Channel Comparisons / Angel Oak’s Latest MBS / Plaza Home Ends AIME Sponsorship / A New All-Time Low for Conventional Rates

Non-Agency Servicers in a Fix Over Providing Relief

Servicers Face Forbearance Criticism from Democrats, Consumer Advocates

Latest Imf News

Servicing Share for Rocket, Chase Down in Second Quarter

Income Declines at Rocket After Slow Spring Homebuying Season

MBS Investors Call for Changes With GSEs’ Credit Score Framework

Weak Jobs Report Could Delay Rate Hike by Fed

Featured Data

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

Originations Increase in 2Q Amid Headwinds From Rates

Featured Reports

Guide to Mortgage Lending to First-Time Homebuyers

Mortgage Servicing Rights Report: 1Q26 (PDF)

Lender Profiles 1Q26: Top 25 (PDF)

Mortgage Profitability Report 1Q26 (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?