Sales of new single-family homes declined by 6.2% on a monthly basis in April.

The guidelines for closed-end seconds will permit a partial compliance review, a departure from the current TRID Grid 4.0.

Fannie held $110.46 billion of agency MBS as of the end of April, a 5.3% increase compared with the end of March.

“There’s a tremendous economic incentive to adopt VantageScore, it’s just gonna take some time to work it through,” said Chris Cartwright, CEO of TransUnion.

Closed-end second securitization was up on a quarterly basis while activity involving home equity lines of credit declined.

It will be the third issuance of its type from Goldman this year, following two similar deals in 2025.

Delinquency rates on mortgages with debt-to-income ratios above 43% are only slightly higher than delinquency rates on mortgages overall, according to a new analysis by Moody’s Ratings.

Robert Johnson, head of originations at Newrez, said the process went much more smoothly than he expected.

“If [the GSEs] are going to distribute them into securities,” said Bose George, a managing director of Keefe, Bruyette & Woods, “I assume there’ll be some sort of pay-up for these loans, because people don’t know the performance yet.”

Mike Weinbach was most recently president of Mr. Cooper Group, leaving the company shortly after it was acquired by Rocket Companies.