Brandon Ivey

Two Harbors to Issue its First Non-Agency Jumbo MBS

August 14, 2013

The publicly traded REIT is jumping into the jumbo MBS market with its first deal. Many of the loans come from nonbanks.

Nonprime MBS Holdings by Fannie and Freddie Down 12 Percent

August 13, 2013

Brandon Ivey

Fannie sold $2.2 billion of non-agency assets in the first half of the year. Meanwhile, Freddie sold at least $1 billion of non-prime MBS in May.

HAMP Activity Declining, Servicers Favor Proprietary Mods

August 12, 2013

Brandon Ivey

Even with the incentive fees offered by the HAMP program, residential servicers favor proprietary mods.

Redwood Expects to Turn Small Profit on Lower Coupon Jumbos

August 8, 2013

Brandon Ivey

Redwood Trust said it expects to hit its goal of acquiring $8 billion in non-agency jumbos in 2013, “but it won’t be easy" company officials said.

Short Takes: Wells Cans 763 Mortgage Workers / Return of the Eminent Domain Jedi? / Delinquencies Continue to Improve / JPM Under the DoJ Microscope Because of Subprime / Bexil Enters NJ Wholesale Space / Wally and Penny Hit Earnings Home Runs

August 8, 2013

Brandon Ivey and Paul Muolo

Wells Fargo cuts 760-plus mortgage workers. Meanwhile, Bexil American enters the New Jersey market through the wholesale channel.

Two Harbors Loses Money in 2Q, Large MSR Deal in the Works

August 7, 2013

Brandon Ivey

Two Harbors revealed that it is advanced talks to purchase a potentially significant portfolio of mortgage servicing rights later this year.

BofA Hit with Lawsuits from DOJ, SEC on Non-Agency Jumbo MBS

August 7, 2013

Brandon Ivey

The SEC said the deal has taken nearly $70 million in losses – the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.

Originations Booming at Nationstar, MSRs Will Top $435 Billion

August 6, 2013

Brandon Ivey

Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.

SEC Wins CDO Case, Looks to Increase Enforcement Actions

August 2, 2013

Brandon Ivey

The Securities and Exchange Commission prevailed Thursday in its case against Fabrice Tourre, a former vice president at Goldman Sachs. The regulator also plans to increase enforcement against Wall Street...

Ocwen Prepares to Settle with State and Federal Regulators

August 1, 2013

Brandon Ivey

State and federal regulators appear to be close to getting more servicers to agree to a settlement similar to the $25 billion deal agreed to by five big banks.

Articles by Brandon Ivey

Two Harbors to Issue its First Non-Agency Jumbo MBS

Nonprime MBS Holdings by Fannie and Freddie Down 12 Percent

HAMP Activity Declining, Servicers Favor Proprietary Mods

Redwood Expects to Turn Small Profit on Lower Coupon Jumbos

Short Takes: Wells Cans 763 Mortgage Workers / Return of the Eminent Domain Jedi? / Delinquencies Continue to Improve / JPM Under the DoJ Microscope Because of Subprime / Bexil Enters NJ Wholesale Space / Wally and Penny Hit Earnings Home Runs

Two Harbors Loses Money in 2Q, Large MSR Deal in the Works

BofA Hit with Lawsuits from DOJ, SEC on Non-Agency Jumbo MBS

Originations Booming at Nationstar, MSRs Will Top $435 Billion

SEC Wins CDO Case, Looks to Increase Enforcement Actions

Ocwen Prepares to Settle with State and Federal Regulators

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