First Guaranty Mortgage Corp., which is owned by PIMCO, has its eye on non-QM lending of $1.0 billion…

The company also disclosed home equity production of $3.0 billion during the period compared to $2.5 billion in the third quarter.

Fun fact: Expanded-credit MBS accounted for 66.6% of non-agency issuance in 2019, compared with 43.7% in the previous year.

Citi's retail mortgage originations increased by nearly 80% in 2019 while First Republic's production was up by more than 50%.

According to figures compiled by Inside Mortgage Finance, all home lenders produced $700.0 billion of product in the third quarter. If the rest of the industry’s results emulate the numbers reported by Wells and JPM, it’s entirely possible that 4Q may have been better than many analysts predicted.

HomeBridge Financial Services is the top contributor to the $488.80 million MBS with a 19.9% share.

Including securities backed by FHA home-equity conversion mortgages, total Ginnie single-family MBS issuance hit $508.62 billion, also a record.

The new department will be modeled after the Consumer Financial Protection Bureau to “provide consumers with more protection against unfair, deceptive, and abusive practices.”

Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…