Brandon Ivey

QM ‘Patch’ Proposal Met with Mixed Reactions

August 2, 2019

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.

Large Share of GSE Business Outside of ‘Core’ Functions

August 2, 2019

Brandon Ivey

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.

Brandon Ivey

ARTICLES

QM ‘Patch’ Proposal Met with Mixed Reactions

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

Latest Imf News

UWM Receives Equity Infusion From Oaktree, Suspends Dividend

Onity Swings to Loss in 2Q Amid Portfolio Restructuring

Zillow Aiming to Be One of the Largest Purchase-Mortgage Lenders

Pending Home Sales Decline in July With Rise in Interest Rates

Featured Data

Expanded-Credit MBS Issuance Declines in 2Q

Top Ginnie Servicers See Modest Growth in 2Q

Consumer Debt Drives New ABS to Record High in 2Q

Primary MI Volume, Characteristics Stable in Second Quarter

Featured Reports

Guide to Mortgage Lending to First-Time Homebuyers

Mortgage Servicing Rights Report: 1Q26 (PDF)

Lender Profiles 1Q26: Top 25 (PDF)

Mortgage Profitability Report 1Q26 (PDF)

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?