President Trump late Wednesday issued a memo ordering the Treasury Department to end the decade-long-plus historic conservatorships of Fannie Mae and Freddie Mac, and design a plan to overhaul the nation’s secondary mortgage market.

LendingHome recently issued a $219 million asset-backed security with fix-and-flip loans originated by the firm; Reliant Bancorp, Brentwood, TN, launched a correspondent purchase program for non-qualified mortgages in March; Angel Oak Mortgage Solutions expanded its office space in Dallas and Atlanta.

Four more expanded-credit mortgage-backed securities are set for pricing before the end of the first quarter, along with a prime non-agency MBS.

Verus Mortgage Capital and Chimera Investment Corp. are both set to issue non-agency mortgage-backed securities backed solely by loans for investment properties. The types of mortgages in the two deals differ. Loans in the Chimera MBS were eligible for delivery to the government-sponsored enterprises, but that was not the case with the Verus deal.

Redwood Trust is developing an outlet for mortgages that differ somewhat from traditional whole-loan sales. Officials at the real estate in-vestment trust have been working on the effort for months but haven’t formalized anything yet.

Goldman Sachs is set to issue a non-agency mortgage-backed security stacked with jumbo loans eligible for sale to the government-sponsored enterprises. The deal will mark the bank’s return to the prime non-agency MBS market. The deal size is $230.60 million, according to presale reports published last week by DBRS and Moody’s Investors Service.

Industry participants are increasingly calling for the qualified mortgage “patch” to be addressed as part of broader efforts to overhaul the nation’s housing-finance sector.

Banks and thrifts increased their holdings of first-lien residential mortgages in 2018, according to a new analysis by Inside Nonconforming Markets. [Includes one data chart.]

The two-day hearing this week on an outline for housing-finance reform offered participants in the non-agency market an opportunity to call for legislative reform in the sector.

The correspondent channel expanded its share of jumbo originations in 2018, according to an Inside Nonconforming Markets analysis of survey responses to affiliated Inside Mortgage Finance. [Includes one data chart.]