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Home » Authors » Brandon Ivey

Articles by Brandon Ivey

Residential Servicers Cut Staffing Levels – But Banks Cut the Most

December 28, 2015
Brandon Ivey
Banks had an average of nearly 500 loans per full-time employee in the third quarter, up from almost 400 at the end of 2014.
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Clayton Homes Pushes Back Against Accusations of Discriminatory Lending on Manufactured Homes

December 28, 2015
Brandon Ivey
Clayton said the outlets’ analysis didn’t include factors such as a borrower’s credit score, downpayment, loan size, collateral and land type...
Read More

Banks Sharply Reduce Use of ‘Proprietary’ Loan Mods in 3Q15

December 28, 2015
Brandon Ivey
The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...
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Time to Stop Blaming TRID for Everything, Including the NAR Sales Figures?

December 23, 2015
Brandon Ivey
Industry analysts didn’t have TRID to blame for the decline in home sales last year. Instead, NAR's Lawrence Yun said the decline was part of a seasonal trend.
Read More

CitiMortage Prevails After Correspondent Lender Refused to Repurchase Faulty Mortgages

December 22, 2015
Brandon Ivey
“The buyer did exactly what the contract allowed it to do, namely, determine that a loan was defective and demand repurchase,” Judge Wollman wrote in his ruling.
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Jumbo Funder BofI Expands Into Agency Products with Wholesale Offering; Receives Ginnie Issuer Approval

December 21, 2015
Brandon Ivey
The bank's expansion into government lending comes after a noticeable decline in its share price...
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Short Takes: Don’t Let Your LOs Prepare TRID Disclosures? / LO ‘Scorecards’ on the Rise? / REIT Sub Gets FHLB Membership / CoreLogic Buys Vendor for $475 Million / A New Hire for Home Point

December 21, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
We’re hearing more chatter of mortgage lenders starting a loan officer “scorecard” approach to grading their salesmen and women...
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A Different Take: Maybe TRID-Related Delays Aren’t So Bad After All?

December 18, 2015
Brandon Ivey
The share of home-purchase transactions that closed on time in November declined compared with October for all six loan types tracked by HousingPulse...
Read More

Angel Oak Issues Largest Post-Crisis Nonprime MBS

December 17, 2015
Brandon Ivey
Both this bond and one recently marketed by Beach Point Capital – which included mortgages funded by Citadel Servicing Corp. – were oversubscribed.
Read More

Short Takes: Comments Being Taken on Front-End Risk Sharing / FHFA Contemplates MIs Once Again / Will Stock Buyback Help Nationstar? / The Fed Hikes Rates and Mortgage Bankers Yawn / Apps Up

December 17, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
The Fed hiked rates. So what! It was already built into current pricing...
Read More
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