Fannie Mae adjusted its automated underwriting services last summer to make more loans with higher debt-to-income ratios eligible for approval without lenders needing to provide compensating factors.

Housing-finance reform appears to be in the process of a slow death for 2018 partly because of the pending departure of key players.

Former Fannie Mae executive and critic of the government-sponsored enterprises’ credit-risk transfer programs, Tim Howard, said on his blog this week that CRTs only help “sustain what has become a very profitable program for Wall Street firms and capital market investors.”

UBS agreed to a $230.0 million settlement on Wednesday with the New York attorney general to resolve issues with pre-crisis non-agency mortgage-backed securities.

Some 1,348 loans will be included in the issuance, divided nearly evenly between jumbo mortgages and loans eligible for sale to the government-sponsored enterprises.

The planned $327.16 million issuance is largely stocked with current mortgages that haven’t been modified.

Rising rates bolstered servicing values late in the year, but reduced production results…

The Urban Institute believes Fannie and Freddie could be wound down within five years and be replaced by new entities with no government backstop…

Nomura was serving as the lender’s investment banker on the deal…

The agency MBS market continued to chug along in the fourth quarter of 2017, growing fast enough to offset the steady decline in non-agency product, according to a new Inside MBS & ABS analysis.