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Home » Authors » Brandon Ivey

Brandon Ivey

bivey@imfpubs.com
Articles

ARTICLES

A Secondary Market for Coronavirus PPP Loans?

May 1, 2020
Brandon Ivey

The two-year loans carry a 100% guarantee from the Small Business Administration and are fully forgivable when used by employers to keep workers on payroll.


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PPP Loans Eligible for Sale in the Secondary Market

April 30, 2020
Brandon Ivey
Some of the $659 billion of loans originated through the Paycheck Protection Program are eligible for sale in the secondary market, but it remains to be seen whether the loans will make it into ABS.
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Loan Extensions Piling Up on Auto ABS

April 30, 2020
Brandon Ivey
Servicers of loans in auto ABS increased their use of loan extensions in March to help borrowers struggling to make payments.
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Servicers Appeal to Congress for Help

April 30, 2020
Brandon Ivey and Dennis Hollier
After failing to get help from federal agencies, nonbank servicers’ lobbying efforts for a liquidity facility have shifted to Congress.
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Mr. Cooper Books a $171 Million Loss for 1Q20, Forbearance Requests Could Top 18% by Late June

April 30, 2020
Brandon Ivey

The drop in interest rates near the end of March prompted a large markdown on servicing for Mr. Cooper, while originations held up fairly well.


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MFA Financial Buys More Time from Financing Providers, Sells More Assets

April 29, 2020
Brandon Ivey

MFA's initial forbearance agreement with its financing providers lasted for 15 days. The REIT extended the agreement through June 1.


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Higher CECL Reserves Take a Bite Out of Banks’ Earnings

April 24, 2020
Brandon Ivey
Banks increased reserves for loans held in portfolio during the first quarter on implementation of new accounting standards. Many delayed the impact of CECL on regulatory capital.
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Downpayment Assistance Increasingly Important for FTHBs

April 24, 2020
Brandon Ivey
The share of first-time homebuyers leaning on downpayment assistance for mortgages increased in 2019, according to a survey by the National Association of Realtors.
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Non-Agency MBS Return With Seasoned Mortgages

April 23, 2020
Brandon Ivey
The bulk of non-agency MBS currently being issued is backed by seasoned mortgages. Rating services are also adjusting criteria to account for the coronavirus.
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Auto ABS Deals Return, Investor Demand Strong

April 23, 2020
Brandon Ivey
Auto ABS offerings returning to the market are being met with strong demand from investors, prompting deal sizes to be increased.
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View All Articles by Brandon Ivey

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