Brandon Ivey

FDIC Clears Hurdle in Banks’ Non-Agency MBS Path

February 6, 2020

Banks will no longer have to meet extensive disclosure requirements for their MBS deals to receive investor-friendly protections. The change was met with criticism from an Obama appointee to the FDIC’s board.

ABS Backed by Personal Injury Claims Hits the Market

February 6, 2020

Brandon Ivey

The $122 million issuance by Oasis Financial will be backed by litigation funding and medical-lien advances related to personal injuries. The deal received a preliminary A- rating.

Servicers Focusing on Issues Besides Delinquencies in 2020

February 6, 2020

Brandon Ivey

With mortgage performance expected to remain steady, servicers are focusing on a number of other issues, including the transition away from LIBOR and an increase in natural disasters.

Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020

Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…

Most Banks Surveyed by Fed Don't Expect to Loosen Underwriting this Year

February 4, 2020

Brandon Ivey

Almost all of the 63 banks surveyed said they plan to leave underwriting standards unchanged in 2020 for GSE-eligible loans and jumbos.

Hoping to Reduce LO Comp? Don’t Bet On It

February 3, 2020

Brandon Ivey

Lori Brewer of LBA Ware: “Despite speculation that lenders’ efforts to reduce operational costs would include curbing loan originator commissions in 2019, our analysis shows that base commission for LOs did not significantly change from 2018 to 2019.”

LO Compensation Up a Tad in 2019, Cuts Possible This Year

January 31, 2020

Brandon Ivey

Despite talk that lenders would reduce loan originator compensation in 2019, comp increased on an annual basis. Lenders could reduce LO comp this year with refi business expected to decline.

Quicken Preps its Second Prime Non-Agency MBS

January 31, 2020

Brandon Ivey

Quicken entered the market as an issuer of prime non-agency MBS in October of last year.

How to Get More Referrals from Existing Borrowers

January 31, 2020

Brandon Ivey

Lenders can take a number of steps to help ensure that borrowers are satisfied with the origination process, making them more likely to recommend the lender to friends and family.

Rating Services Faulted by SEC for Various Compliance Issues

January 30, 2020

Brandon Ivey

The SEC found numerous compliance issues when examining rating services in 2018. The report on the problems, though, was even more vague than usual.

Brandon Ivey

ARTICLES

FDIC Clears Hurdle in Banks’ Non-Agency MBS Path

ABS Backed by Personal Injury Claims Hits the Market

Servicers Focusing on Issues Besides Delinquencies in 2020

Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

Most Banks Surveyed by Fed Don't Expect to Loosen Underwriting this Year

Hoping to Reduce LO Comp? Don’t Bet On It

LO Compensation Up a Tad in 2019, Cuts Possible This Year

Quicken Preps its Second Prime Non-Agency MBS

How to Get More Referrals from Existing Borrowers

Rating Services Faulted by SEC for Various Compliance Issues

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?