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

The IPO of nonprime lender Velocity Financial could price later this week or next…

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.

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

According to one document we saw, Velocity has a post-IPO valuation ranging from $266 million to $304 million.

However, agency MBS was the star of the structured finance show in 2019…

Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion…

The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.

Sprout was launched last decade by nonprime veteran Michael Strauss...