Private MIs insured $60.97 billion of refinance loans delivered to Fannie and Freddie in 2019, more than triple their total for the prior year.

Expanded-credit MBS with a small share of adjustable-rate mortgages are somewhat rare.

The FHFA has enormous sway over the CSS because of its role as regulator and conservator of Fannie and Freddie. However, once (if) the two are recapped and released, that won’t necessarily be the case…

Some $4.47 billion of single-family rental securities were issued in 2019, a 35% drop from the previous year…

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

In general, commercial banks have avoided wholesale mortgage lending like the plague. But not Blue Ridge.

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.

The updated defect taxonomy includes changes originally implemented through the Loan Review System in 2017.