Brandon Ivey

Mortgage REITs Stand to Benefit from QM ‘Patch’ Outcome

August 8, 2019

Any removal or adjustment to the QM patch that results in additional non-agency loan volume will benefit mortgage REITs in terms of originations and investments, according to analysts.

PIMCO Stocks MBS with Non-QMs Called from Other Deals

August 8, 2019

Brandon Ivey

PIMCO is set to issue a non-agency MBS with loans sourced from non-QM deals issued by Lone Star Funds. The older MBS were subject to clean-up calls, allowing PIMCO to re-package the loans.

Financial Knowledge, Lender Shopping Linked to Interest Rates

August 8, 2019

Brandon Ivey

Borrowers who don’t shop for mortgages and lack financial knowhow tend to pay higher interest rates.

Private MIs Believe QM ‘Patch’ Expiration Won’t Hurt Business

August 8, 2019

Brandon Ivey

Private mortgage insurers are optimistic the sector won’t face a large decline in volume once the qualified mortgage patch expires.

Verus Set to Issue Another Large Expanded-Credit MBS

August 7, 2019

Brandon Ivey

The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.

New Rez CEO Nierenberg Weighs In on the QM ‘Patch’ Expiring

August 6, 2019

Brandon Ivey

Rep. French Hill, R-AR, wants the QM patch to expire as well. “Allowing Fannie and Freddie to continue loading up on high-debt mortgages because of a temporary loophole has had a harmful effect on the broader housing market,” he said.

Large Chunk of GSE Business is Outside of ‘Core’ Functions

August 5, 2019

Brandon Ivey

Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...

PIMCO Aggregating Loans from Older Non-QM MBS in New Issuance

August 5, 2019

Brandon Ivey

More than 80% of the loans were in MBS issued in 2016 and 2017 that have since been “collapsed,” according to a report from Fitch Ratings.

CFPB Plans to End GSE QM ‘Patch;’ Possibly Adjust QMs

August 2, 2019

Brandon Ivey

The proposal to end the qualified mortgage patch available to loans eligible for sale to the GSEs could boost non-agency mortgage activity, though the devil is in the details as the plan plays out leading to early 2021.

QM ‘Patch’ Proposal Met with Mixed Reactions

August 2, 2019

Brandon Ivey

Participants in the non-agency market are looking forward to expiration of the QM patch. However, industry groups and consumer advocates want the patch to be kept intact.

Brandon Ivey

ARTICLES

Mortgage REITs Stand to Benefit from QM ‘Patch’ Outcome

PIMCO Stocks MBS with Non-QMs Called from Other Deals

Financial Knowledge, Lender Shopping Linked to Interest Rates

Private MIs Believe QM ‘Patch’ Expiration Won’t Hurt Business

Verus Set to Issue Another Large Expanded-Credit MBS

New Rez CEO Nierenberg Weighs In on the QM ‘Patch’ Expiring

Large Chunk of GSE Business is Outside of ‘Core’ Functions

PIMCO Aggregating Loans from Older Non-QM MBS in New Issuance

CFPB Plans to End GSE QM ‘Patch;’ Possibly Adjust QMs

QM ‘Patch’ Proposal Met with Mixed Reactions

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