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.