The office market, which accounted for 26.2% of nonagency CMBS collateral last year, posted a 44.7% increase from 2018.

The $776.6 million deal follows a $430.3 million prime non-agency MBS from Chase last week.

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.

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

Fun Fact: The expanded-credit MBS sector posted a hefty 130.3% jump in new issuance during 2019…

The request-for-comment announcement suggests the FHFA might be open to changing its position. Comments are due March 16.

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…