Brandon Ivey

OCC: Banks See Major Improvement in Residential Late Payments

March 28, 2013

Is the tide turning on residential delinquencies suffered by banks or do the numbers look better because the group is selling legacy MSRs?

Banks, Rating Agencies Fear Proposed Changes to Capital Requirements for MBS

March 28, 2013

Brandon Ivey

According to an analysis by Fitch Ratings, the overall charges for a simple jumbo non-agency MBS across all note-holders would increase to between 6.3 percent and 8.2 percent under the new proposal.

Interest-Only Originations Rose by Almost 20 Percent in 2012

March 26, 2013

Brandon Ivey

Interest-only lending picked up steam in 2012 despite new regulations that make the loans less attractive from a 'qualified mortgage' point of view.

Moody’s Critical of AAA Ratings on Chase’s Jumbo MBS

March 26, 2013

Brandon Ivey

Moody’s said the JPMorgan Mortgage Trust 2013-1 has a weak representations and warranties framework, a restrictive rep and warrant enforcement mechanism and a lack of risk retention by Chase.

Banks, Thrifts Hike Their Holdings of First- Lien Mortgages

March 25, 2013

Brandon Ivey

Holding fixed-rate mortgages in portfolio was considered a dangerous practice for depositories, but no more.

JPM and EverBank Issuing Non-Agency Jumbo MBS, Total Tops $925 Million

March 21, 2013

Brandon Ivey

The long awaited recovery in the jumbo MBS market may finally be here as more banks plan to issue securities.

Fewer Prepayments Expected on Recent Non-Agency Jumbo MBS

March 20, 2013

Brandon Ivey

Stable interest rates are making refinancing less attractive to the newest mortgage borrowers, which should keep prepayment rates very low.

Use of Cash Financing Increasing, More Investors Buying Homes

March 20, 2013

Brandon Ivey

The share of cash purchases of homes increased for five consecutive months, hitting 32.3 percent in February, based on the three-month moving average.