The proposal provides banks an incentive to exit senior tranches of asset-backed securities in exchange for more junior and riskier tranches, according to the Securities Industry and Financial Markets Association.

UWM is offering interest rate discounts on loans from streamlined refi programs at FHA and VA.

Deliveries to the GSEs were down 7.0% in November compared with October.

Jonathan McKernan, a director at the FDIC, suggested slowing implementation of controversial provisions in a proposal on capital requirements for large banks.

The securitization is sized at $124.5 million and received a preliminary A- rating.

Leaders of the FHLBanks and FHFA appear to be at odds on the banks' role in times of distress.

When it comes to MBS issuance, it was a third-place finish for Fannie Mae...

Fannie Mae and Freddie Mac saw a combined 11.7% increase in securitization of high-balance loans that exceeded the national baseline limit of $726,200 for one-unit mortgages during the third quarter.

While interest rates have declined in recent weeks, concerns persist about the wide spread between the 10-year Treasury rate and interest rates on mortgages.

Previous deals involving Figure have performed well, according to DBRS.