Constructive has 165 employees and originated $840 million of loans in the first half of 2025.

“As we take the next steps to quickly and responsibly implement a VA partial claim program, we expect servicers to continue to offer Veterans a full array of loss mitigation options,” VA’s loan guaranty service said.

“There is still plenty of uncertainty surrounding the economy and job market, which is weighing on prospective homebuyers’ decisions,” said Joel Kan, a vice president and deputy chief economist at the MBA.

“We’ve been very proactive in seeing the housing market decelerate and trying to be on our front foot,” said Mike Fania, co-chief investment officer and head of residential credit at Annaly.

The distillery was the last tie to the legacy business of Eastside Distilling, a publicly-traded company that acquired a mortgage lender in 2024.

Home prices were down 0.2% on a monthly basis in May, according to FHFA.

The bank's president said, "Our pipelines remain full, so we expect to continue to see loan growth."

The average price for new homes sold in June declined by 2.0% on a monthly basis.

Issuance through the first half of 2025 was up by nearly 40% compared with the first half of 2024.

Goldman has issued two other HELOC securitizations since May 2024, leaning on loans from United Wholesale Mortgage.