Brandon Ivey

Large Share of GSE Business Outside of ‘Core’ Functions

August 2, 2019

More than half of the dollar volume of mortgages securitized by the GSEs in 2018 was backed by noncore loans, according to a new analysis by Inside Nonconforming Markets.

OCC Details Asset Dissipation Underwriting Issues

August 2, 2019

Brandon Ivey

Banks are increasingly using asset dissipation underwriting tactics that aren’t supported by prudent risk management practices, according to the OCC. The regulator issued a bulletin with some suggestions for banks.

Angel Oak to Issue one of its Largest Expanded-Credit MBS

August 2, 2019

Brandon Ivey

Angel Oak is set to issue one of its largest expanded-credit MBS. The deal follows strong issuance in the market in July and a number of other MBS from other firms are in the works.

Citadel Blazes its Own Trail Among Non-QM Lenders

August 2, 2019

Brandon Ivey

Citadel posted record origination volume for the company in the second quarter, with help from products beyond the typical non-qualified mortgage offerings. Citadel also stands out by servicing its originations and largely avoiding contributing to non-agency MBS.

News Briefs

August 2, 2019

Brandon Ivey

Redwood Seeing Lower Margins for Non-Agency Loans

August 2, 2019

Brandon Ivey

Redwood’s margins from non-agency mortgage activity declined in the second quarter and aren’t expected to increase much for the rest of the year, according to officials at the REIT. Redwood also has changed its MBS issuance strategy, putting seasoned mortgages into deals.

An Earnings Decline for Redwood but REIT Sees Margins Normalizing

August 2, 2019

Brandon Ivey

During the quarter, Redwood issued a $400.84 million prime non-agency MBS and sold approximately $800 million through whole loan executions.

Blackstone-Owned SESAC to Issue $560M Whole Business ABS

August 1, 2019

Brandon Ivey

The largest for-profit performing rights organization is set to issue a whole business ABS. SESAC’s clients include Bob Dylan and Adele.

Mr. Cooper Takes Loss in 2Q Due to Servicing Marks; Originations Spike

August 1, 2019

Brandon Ivey

“The originations segment now acts as a much stronger macro hedge for our servicing operation, and we believe it will play a major role in helping us achieve our profitability and shareholder return targets,” said Jay Bray, Mr. Cooper’s chairman and CEO.

Managing Through the Vicissitudes of the Origination Market

July 31, 2019

Brandon Ivey

“It’s a blessing and a curse to get this much volume this quickly,” said Matt Ostrander, chairman and CEO of Parkside Lending.

Brandon Ivey

ARTICLES

Large Share of GSE Business Outside of ‘Core’ Functions

OCC Details Asset Dissipation Underwriting Issues

Angel Oak to Issue one of its Largest Expanded-Credit MBS

Citadel Blazes its Own Trail Among Non-QM Lenders

News Briefs

Redwood Seeing Lower Margins for Non-Agency Loans

An Earnings Decline for Redwood but REIT Sees Margins Normalizing

Blackstone-Owned SESAC to Issue $560M Whole Business ABS

Mr. Cooper Takes Loss in 2Q Due to Servicing Marks; Originations Spike

Managing Through the Vicissitudes of the Origination Market

Latest Imf News

Residential MBS Issuance Declines Slightly in First Quarter

Originations Up on Annual Basis in 1Q at Chase, Wells

Trump Admin Plans to Constrain Home Price Appreciation

Sales of Existing Homes Decline in March

Featured Data

ARM Production Bounces Back in Fourth Quarter

Home Equity Loan Originations Decline in Fourth Quarter

GSE Seller Buybacks and Unresolved Claims Decline

Profits Sag at FHLBanks in Fourth Quarter

Featured Reports

Mortgage Profitability Report 4Q25 (PDF)

Agency Channel Analysis: 4Q25 (PDF)

IMF Mortgage Directory: Full interactive database

IMF HMDA Dashboard: 2024

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?