Four non-agency mortgage-backed securities started marketing Thursday, including three expanded-credit MBS.

Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.

An affiliate of Proprietary Capital prevailed in a lawsuit against Mr. Cooper Group.

The pending MBS are the largest seen from the issuers this year.

Issuance increased by 10.9% on a quarterly basis, well below the increases seen in recent quarters.

“A trade war would increase costs, including housing construction costs, and potentially affect employment, pressuring demand and mortgage performance,” according to Fitch Ratings.

Onslow Bay plans to increase its correspondent business by offering a non-delegated option next year.

Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.

The pending issuance is the second-smallest HELOC securitization from the firm this year.

Locks for refis plummeted in November following a rise in interest rates.