Onity revised the terms of its sale of home equity conversion mortgage servicing rights to Finance of America Reverse after receiving feedback from Ginnie Mae.

Net income at the Federal Home Loan Banks fell from $1.36 billion in the fourth quarter of 2025 to $1.30 billion in the first quarter of 2026, according to a new Inside The GSEs ranking and analysis.

The Department of Veteran Affairs updated its servicer handbook on Monday with a new loss-mitigation waterfall that incorporates a partial claim program as a last-resort option.

In a recent comment letter, mortgage trade groups urged the CFPB to prioritize completing pending rulemakings — beginning with Reg. X — to carry out implementing President Trump’s March executive order aimed at expanding access to mortgage credit.

The CRT transaction will cover close to half of the first-lien mortgages OceanFirst was holding as of the end of March.

Bill Pulte will remain in his housing roles while serving in the new position.

Purchase-mortgage volume declined 14.3% on a sequential basis, while refinances were up 8.0%. The rise was propelled by FHA refis, which grew 6.2% from the fourth quarter to $24.06 billion.

Cotality’s latest National Mortgage Application Fraud Risk Index found that an estimated one in 129 mortgage applications showed indications of fraud in the first quarter.

Rocket Mortgage has incorporated VS4 into both its direct-to-consumer and Rocket Pro sides of the business.

Redfin said that investors purchased 7.8% of all home listings in the first quarter, their lowest level since 2020.