"While the 2026 spring homebuying season may spark some momentum, the most likely outcome is modest price growth as buyers and sellers remain at a standoff," said Thom Malone, principal economist at Cotality.

The correspondent channel accounted for 38.0% of government-insured originations in 2025, up from a 34.5% share in 2024.

The homebuilder defended its “land-light” and “volume-prioritized” strategy.

The lender took an $8.4 million loss in the fourth quarter of 2025, more than double the loss it posted in the previous quarter.

Home prices increased by 0.1% on a monthly basis in January, according to the Federal Housing Finance Agency.

Homes were less affordable than historical averages in 97% of counties in the first quarter of 2026, according to a recent report by ATTOM.

Some $279.0 billion of home equity loans were originated in 2025.

Patrick Zondervan, executive director of the VA Loan Guaranty Service, said the agency was “absolutely willing” to examine its appraiser requirements.

As part of the agreement, CrossCountry paid $25.4 million to United Wholesale Mortgage, a termination fee to end the acquisition agreement UWM had with Two Harbors.

Loans backing the securitization included both VantageScore 4.0 and Classic FICO.