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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Bank-Retained Mortgage Portfolios Keep Growing; Few Jumbos Going into MBS

September 12, 2016
Brandon Ivey
Meanwhile, while the jumbo securitization rate during the quarter was a paltry 0.8 percent…
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Large Gain in Wholesale Originations at Nonprime Lender Angel Oak

September 12, 2016
Brandon Ivey
Angel Oak also has a much smaller division, Angel Oak Prime Bridge, that originates nonprime mortgages for investment properties.
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UI: It’s Time for Lenders to Loosen Underwriting. (Delinquencies Over the Past Five Years are Just too Good.)

September 8, 2016
Brandon Ivey
UI’s Laurie Goodman said borrowers who took out mortgages in the past five years are better at paying their mortgages than any other group of mortgage borrowers in history.
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Ocwen Faulted for Noncompliant Processes Involving Force-Placed Insurance; Hold on Foreclosures Removed

September 8, 2016
Brandon Ivey
Ocwen had a 24.2 percent error rate on a metric involving the timeliness of force-placed insurance notices, well above the 5.0 percent error rate allowed under the settlement…
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Lone Star to Issue Largest Post-Crisis MBS Backed by Nonprime. Caliber the Lead Originator

September 7, 2016
Brandon Ivey
Almost 53 percent of the loans in the bond are non-qualified mortgages and many of the rest are higher-priced QMs…
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New CFPB Rule on Servicing May Actually be Good in Some Ways

September 2, 2016
Brandon Ivey
Although the new requirements could prompt an increase in costs, analysts said a new requirement aimed at increasing the number of times troubled borrowers are evaluated for loss mitigation will be particularly helpful in certain states…
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HUD Offers $1.7 Billion of NPLs; Auction Marks First ‘Set-Aside’ for Non-Profit Bidders

September 2, 2016
Brandon Ivey
HUD has been criticized by consumer advocates who feel the agency's NPL auctions have unfairly benefitted private equity firms and hedge funds at the expense of troubled borrowers.
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A Major Headache in Progress: A Shortage of Appraisers

September 1, 2016
Brandon Ivey
Appraisals are running 15-20 days out due to the busy market, said a real estate agent in Michigan…
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Luther Burbank of California Pushing Non-QM Jumbos

September 1, 2016
Brandon Ivey
Some of Luther Burbank’s borrowers are more than 40 years old and receive financial support from their parents.
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NFHA Piles on Foreclosure-Related Accusations Against BofA. Zika Allegations Too. BofA Disputes the Charges

September 1, 2016
Brandon Ivey
The consumer advocate charges that BofA is exacerbating the risk of spreading the Zika virus in South Florida…
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