Brandon Ivey

Whole-Business ABS Issuance on Track for Record Year

July 11, 2019

Issuance of whole-business ABS is on track to break a record this year, with $4.6 billion in volume at halfway mark. Issuers include fast food companies, aftermarket car services and spa services.

Grapevine: Negative MSR Marks / loanDepot and Amazon?

July 11, 2019

Paul Muolo and Brandon Ivey

Falling interest rates are sometimes a bad thing — case in point is Mr. Cooper and negative MSR marks. Also, it’s been somewhat quiet on the M&A front but perhaps a change is in the wind.

A Private Activity Bond Will Fund DC-Area Toll Lanes

July 11, 2019

Brandon Ivey

A new private activity bond will fund construction of tolled express lanes near Washington, DC. Toll revenues on similar bonds have been strong and rating services affirmed BBB ratings on outstanding issuance.

Short Takes: The First Step in GSE Reform: New Capital Standards from the FHFA / How to Liquidate and Sell the Charters (Legally) / Guaranteed Rate Comes on Strong / The Race to the Top of the Mortgage Heap / Das? / Two Big Hires for SitusAMC

July 11, 2019

Paul Muolo and Brandon Ivey

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter...

Trade Groups Express Doubts Over Proposed Changes to FHA Defect Taxonomy

July 11, 2019

Brandon Ivey

The trade groups are calling on the Department of Housing and Urban Development to either remove FHA certifications or replace them with a straightforward lender acknowledgement of key requirements based on loan eligibility…

Chase Increasing Issuance of Jumbo MBS with High-LTV Ratio Loans

July 11, 2019

Brandon Ivey

Some 77.1% of loans in the deal were originated by United Shore Financial Services, the owner of United Wholesale Mortgage.

Trade Groups Critical of New FHA Certification Proposal

July 11, 2019

Brandon Ivey

Lenders are seeking significant revisions to FHA loan-level certifications and defect taxonomy in order to increase participation. Banks fled the FHA market following the financial crisis due to the False Claims Act cases brought against them by the Justice Department.

Lending Practices Linked to Judicial Foreclosure Norms

July 11, 2019

Brandon Ivey

Lenders approve fewer loan applications and apply more conservative underwriting standards in states that impose a judicial foreclosure process, according to new research.

Invictus Taps Investors to the Tune of $833M for New Non-Agency Fund

July 10, 2019

Brandon Ivey

From the start of 2018 through the end of the second quarter of 2019, Invictus issued $3.34 billion of non-agency mortgage-backed securities.

Moody’s: Quicken Stronger than Other Nonbank Lenders

July 9, 2019

Brandon Ivey

The other lenders that Moody's looked at: Ditech Financial, Freedom Mortgage, Mr. Cooper, New Residential, Ocwen Financial, PennyMac Financial Services, Provident Funding Associates and Stearns Lending...

Brandon Ivey

ARTICLES

Whole-Business ABS Issuance on Track for Record Year

Grapevine: Negative MSR Marks / loanDepot and Amazon?

A Private Activity Bond Will Fund DC-Area Toll Lanes

Short Takes: The First Step in GSE Reform: New Capital Standards from the FHFA / How to Liquidate and Sell the Charters (Legally) / Guaranteed Rate Comes on Strong / The Race to the Top of the Mortgage Heap / Das? / Two Big Hires for SitusAMC

Trade Groups Express Doubts Over Proposed Changes to FHA Defect Taxonomy

Chase Increasing Issuance of Jumbo MBS with High-LTV Ratio Loans

Trade Groups Critical of New FHA Certification Proposal

Lending Practices Linked to Judicial Foreclosure Norms

Invictus Taps Investors to the Tune of $833M for New Non-Agency Fund

Moody’s: Quicken Stronger than Other Nonbank Lenders

Latest Imf News

Servicing Share for Rocket, Chase Down in Second Quarter

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Featured Data

Largest Servicers Lose Ground in Second Quarter

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?