Under the proposed rule, the new definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.

Redwood's new MBS is stocked with bank statement and debt service coverage ratio loans.

Loans with balances above the baseline conforming loan limit accounted for 16.4% of total originations in the first quarter of 2026.

The planned $1.02 billion deal is the largest offering in the sector thus far this year and one of the largest since the establishment of non-qualified mortgages.

“The flatter yield curve is burning a hole in a lot of people’s pockets,” sai Alan Qureshi, president of Black Lake Investments.

The mismatch between higher home prices with higher interest rates and household income is narrowing, according to Stuart Miller, executive chairman, CEO and president of Lennar.

“Two-thirds of mortgage holders compared quotes from multiple lenders during their most recent mortgage-shopping process, but only 54% attempted to negotiate,” according to LendingTree.

Silvio Tavares, president and CEO of VantageScore, downplayed concerns that some originators would use both classic FICO scores and VantageScore 4.0 in the underwriting process and pick the better of the two scores to qualify a borrower.

Johnson was deputy director of the CFPB during the first Trump administration.

The decline in issuance was driven by refinances, with refi volume off 16.8% on a monthly basis.