Brandon Ivey

Short Takes: Delinquencies on OneWest MSR Portfolio Sky High / Norcom Tapping Mini-Correspondent Market / Flagstar Ramps Up Second Liens / Amy Brandt Moves Up

July 25, 2013

Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.

Redwood Has Quick Turnaround with Latest Non-Agency Jumbo MBS

July 24, 2013

Brandon Ivey

The jumbo loans in the new Redwood deal are relatively young. But 72 lenders are feeding mortgages into the security.

Freddie Mac Issues Risk-Sharing Transaction But is Light on Details

July 24, 2013

Brandon Ivey

Amherst Securities said the risk-share deal was structured in a way that it will likely never take a loss.

JPM Ready to Hit the Market with Yet Another Jumbo MBS Deal

July 23, 2013

Brandon Ivey

The rating services have raised concerns about the representations and warranties on the new JPM jumbo deal as well as geographic concentration risk.

Short Takes: Skyline Looking for Loan Officers / Highlands Residential Has Applications Pending in Several States / Freddie Mum on Risk-Sharing MBS Deal / Quicken Continues to Push HARP / Democrats Call Hensarling Bill ‘PATH to Nowhere’

July 23, 2013

Brandon Ivey, Paul Muolo, and Charles Wisniowski

The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.

First Republic Reduces Non-Agency Loan Sales in Second Quarter

July 18, 2013

Brandon Ivey

Jumbo originations increased at First Republic Bank, but its mortgage gain-on-sale margin took a hit.

Rising Rates Having Mixed Effect on Home Purchases

July 18, 2013

Brandon Ivey

The non-cash share of home-purchase financing increased to 71 percent in June from 67 percent in February, based on the three-month moving average.

Short Takes: J.D. Power Gives Nationstar and Ocwen Poor Servicing Grades / Watt Approved by Senate Banking Committee / Zandi Slams Hensarling Bill / GAO Will Investigate CFPB’s Data Collection Efforts / Bad Debt Up in Value

July 18, 2013

Brandon Ivey, Paul Muolo, Thomas Ressler, and Charles Wisniowski

Nationstar and Ocwen get poor servicing grades from J.D. Power & Associates. Meanwhile, Rep. Mel Watt headed to FHFA? Not so fast...

Non-Agency Jumbo Issuance Rises in 2Q; But Is a Slowdown on the Way?

July 15, 2013

Brandon Ivey

Mortgage firms issued $4.34 billion of non-agency jumbo MBS in the second quarter of 2013, with deals from five issuers, both quarterly highs in the new non-agency era.

Little Support in Congress to Return Loan Limits to $417,000

July 15, 2013

Brandon Ivey

Legislation unveiled by Rep. Jeb Hensarling, R-TX, would allow for a higher high-cost loan limit than legislation he proposed in 2011.

Articles by Brandon Ivey

Short Takes: Delinquencies on OneWest MSR Portfolio Sky High / Norcom Tapping Mini-Correspondent Market / Flagstar Ramps Up Second Liens / Amy Brandt Moves Up

Redwood Has Quick Turnaround with Latest Non-Agency Jumbo MBS

Freddie Mac Issues Risk-Sharing Transaction But is Light on Details

JPM Ready to Hit the Market with Yet Another Jumbo MBS Deal

Short Takes: Skyline Looking for Loan Officers / Highlands Residential Has Applications Pending in Several States / Freddie Mum on Risk-Sharing MBS Deal / Quicken Continues to Push HARP / Democrats Call Hensarling Bill ‘PATH to Nowhere’

First Republic Reduces Non-Agency Loan Sales in Second Quarter

Rising Rates Having Mixed Effect on Home Purchases

Short Takes: J.D. Power Gives Nationstar and Ocwen Poor Servicing Grades / Watt Approved by Senate Banking Committee / Zandi Slams Hensarling Bill / GAO Will Investigate CFPB’s Data Collection Efforts / Bad Debt Up in Value

Non-Agency Jumbo Issuance Rises in 2Q; But Is a Slowdown on the Way?

Little Support in Congress to Return Loan Limits to $417,000

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?