“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.

Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.

Locks for mortgages increased by 17.1% on a monthly basis in March.

Meanwhile, investors aren’t necessarily fleeing into the safety of the government bond market.

ARDRI is the brainchild of Brian O’Shaughnessy, the former co-CEO of Rama Capital.

Issuance in the first quarter of 2025 declined compared with the fourth quarter of 2024. However, issuance was above the level seen in the first quarter of 2024.

The 10-year Treasury rate is declining and the possibility of a recession is growing.

Multiple factors are weighing on the spread between the 10-year Treasury rate and interest rates on mortgages.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

It will be the 11th issuance of its type by loanDepot.