One of the mortgagee letters that established the policies in 2022 required that HUD document all CWCOT property sales, but the HUD OIG said it didn’t keep records verifying buyers, such as the statements owner-occupants must sign verifying they intend to use the home as a principal residence.

"It is possible that pull-through rates declined in February as mortgage rates continued to drift lower through the month," according to analysts at Goldman Sachs.

Eligibility for partial claims would be backdated to the sunset of the VA servicing purchase program, on May 1, 2025.

The GSEs started issuing credit risk transfer transactions in 2013.

Chase acquired the closed-end second liens from Capital One Financial, which acquired Discover Financial Services in May 2025.

Only 17% of voters recently surveyed by the National Association of Realtors believe it’s a good time to buy a home.

United Wholesale Mortgage is offering a 75-basis-point pricing incentive for certain conventional and government-insured refinances through March, as well as a $600 appraisal credit for purchase mortgages through April.

Refi guarantees in the Department of Veterans Affairs’ home loan program more than doubled during the fourth quarter.

Hope Dmuchowski, a senior executive vice president and chief financial officer at First Horizon Bank, said the bank’s mortgage warehouse activity is “behaving seasonally” with a decline in volume compared with the fourth quarter.

Federal regulators are set to propose revisions to bank capital requirements and then plan to adjust liquidity requirements.