Brandon Ivey

Boom Times for Better.com: Originations Spike, Firm Raises $160M. And ‘Help Wanted’ Too

August 23, 2019

Better.com President Jerry Selitto told Inside Mortgage Finance the firm hopes to add 400 additional employees by yearend. Some of its workforce is in India…

Boom Times for Better.com: Originations Spike, Firm Raises $160M. And ‘Help Wanted’ Too

August 23, 2019

Brandon Ivey

Better.com President Jerry Selitto told Inside Mortgage Finance the firm hopes to add 400 additional employees by yearend. Some of its workforce is in India…

Low Housing Supply Taking a Toll on Lenders’ Efficiency

August 23, 2019

Brandon Ivey

Limited housing supply hurt lenders’ efficiency metrics in 2018, according to a benchmarking study by Mortgage Cadence. The average time to close a mortgage increased sharply and pull-through rates declined.

New Residential Eyeing Profits from Ancillary Unit

August 23, 2019

Brandon Ivey

New Residential is increasing its emphasis on ancillary services. The REIT also announced a $200 million stock repurchase program.

Credit Card ABS Case Could Upend Industry’s Use of Preemption

August 22, 2019

Brandon Ivey

A class-action lawsuit against the issuer of a credit card ABS has the potential to eliminate the preemption banks rely on when contributing assets to MBS and ABS.

Better.com Originations Spike; Firm Raises $160M

August 22, 2019

Brandon Ivey

The fintech company boosted its mortgage originations significantly in the second quarter. The online lender also recently raised $160 million in capital and formed a partnership to handle originations for Ally Financial.

Court Dismisses Shareholder Lawsuit Against Ocwen

August 22, 2019

Brandon Ivey

An appeals court ruled in favor of Ocwen, finding that statements made by company officials were mere puffery that investors should not have relied on.