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.

Last but not least: U.S. Bank, which funded $17.5 billion, a 10.8% improvement from the third quarter.

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.

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.