Brandon Ivey

Court Sides with Borrower in Dispute Over E-Signature

March 13, 2020

A lender provided e-signed document authentication from DocuSign and testimony from a compliance officer, but that wasn’t enough to convince two courts that the borrower had actually signed the document.

Former CFPB Officials Latest to Weigh In on QM Patch

March 13, 2020

Brandon Ivey

The creation of the qualified-mortgage patch was “unfair” but necessary to prop up originations, according to former CFPB officials who were involved in crafting the temporary rule.

Credit Union Mortgages Tend to Have Lower Interest Rates

March 13, 2020

Brandon Ivey

Credit unions tend to offer mortgages with lower interest rates than other lenders. However, their share of originations is relatively low and the gap between them and banks in terms of interest rates has narrowed.

Coronavirus-Related Turmoil Slows Non-Agency MBS and ABS Issuance

March 13, 2020

Brandon Ivey

Investors and issuers alike are suffering from a case of interest rate whiplash.

A Quarterly Loss for Impac. Despite Non-QM Desires, Firms Focusing on Agency Refis

March 13, 2020

Brandon Ivey

Straight talk from Impac CEO George Mangiaracina: “These are extraordinary times with unprecedented interest rate shocks and global market dislocation so any enthusiasm for future prospects should be properly balanced and tempered by potential supply and distribution constraints..."

Issuance of Non-Agency MBS and ABS Slows with Market Turmoil

March 12, 2020

Brandon Ivey

Issuance of non-agency MBS and ABS is still being completed, but at a slower pace. Spreads have widened for new deals along with trading in the secondary market.

Reforms Suggested to Attract Investors to Non-Agency MBS

March 12, 2020

Brandon Ivey

A longer statute of limitation and increased disclosure requirements could help attract long-term investors in the MBS and ABS market, industry experts recommend.