Then again, not all banks are pulling back from agency servicing…

For the full year of 2019, total mortgage complaints from end users were down 9.1%...

The $699.2 million expanded-credit security tops a $681.0 million deal Invictus issued in October.

Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.

The portfolio is top heavy in Texas product at 50.1%.

No other mortgage stocks came close but there were strong valuation gains from PennyMac Financial Services, up 60% for the year, and in the mortgage insurance sector.

Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase.

Industry observers believe that could translate into a delay of six to 18 months.

The HUD IG said it will provide a broader accounting of the issue when it publishes a formal report.