An affiliate of Annaly Capital Management this week issued a non-agency mortgage-backed security stocked with investment-property mortgages eligible for sale to the government-sponsored enterprises.

Lone Star Funds, an affiliate of Caliber Home Loans, is set to issue a nonprime mortgage-backed security with some of the least seasoned loans seen in a post-crisis deal.

Redwood Trust announced last week that it plans to acquire 5 Arches, an originator and asset manager of business-purpose real estate loans. Redwood acquired a 20 percent stake in the lender last year with an option to fully ac-quire the Irvine, CA-based company.

The ability-to-repay rule helped improve loan performance for non-qualified mortgages but a robust secondary market for the loans hasn’t developed, according to an analysis by the Consumer Financial Protection Bureau.

The loans included in expanded-credit mortgage-backed securities in the fourth quarter of 2018 had on average tighter underwriting than previous issuance. [Includes one data chart.]

Two prominent players in the jumbo market reported mixed trends in originations for the fourth quarter. First Republic Bank’s single-family mortgage originations increased slightly on a sequential basis, while Flagstar Bank saw a sharp drop in jumbo lending.

HUD receives share in settlement under False Claim Act; Implementation date for EAD system postponed; Issuance of HMBS declines year over year.

Ginnie Mae has not yet decided a date for its 2019 annual summit but it may be “soon,” said an agency spokesman.

Conventional and VA-backed home mortgages are the most common type of mortgage products that servicemembers complained about to the Consumer Financial Protection Bureau, according to the agency’s latest analysis.

The real estate industry is calling for the immediate release of the long-overdue final FHA condominium rules to enable more projects to qualify for FHA-insured financing.