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…

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…