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…

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

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.

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.

As we reported a few weeks ago: Angel Oak Mortgage Solutions, a third-party non-QM lender, anticipates boosting loan originations by 66% next year to $5 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.