Sprout funded $2.78 billion of originations in 2019, with an emphasis on non-qualified mortgages.

Mortgages for co-sponsored deals are usually aggregated by the investor with a whole-loan sale flow arrangement.

Over the last two years, the average credit score on mortgages in expanded-credit MBS was 726.8.

According to market observers, People's United is committed to agency and government-related warehouse finance and was happy to find a home for ResX and its six or so employees.

Many support raising the DTI threshold and incorporating compensating factors, but others recommend full elimination of the current standards.

Fun fact: More VA loans were funded in the 4Q19 than FHA-backed mortgages, a rarity.

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.

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

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