Homesellers are refusing to offer steep discounts.

“Get comfortable with reading the guidelines and understand what you want to be,” said Audrie Gregory, vice president of correspondent lending at Verus Mortgage Capital, a non-agency conduit.

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

The GSEs have differing loan level price adjustments for classic FICO and VantageScore 4.0, according to VantageScore.

The House is set to vote on a revised version of the 21st Century ROAD to Housing Act. It’s expected to pass with broad bipartisan support.

“Regulators are taking more notice of this part of the market,” Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said of the non-agency sector.

The small non-agency lender took a $5.3 million loss in the first quarter of 2026, narrowing losses from $8.4 million in the fourth quarter of 2025.

First Colony has fully deployed the AI-powered point-of-sale platform after a pilot rollout.

Analysts at Goldman Sachs noted in a recent report that issuers who move forward with a clean-up can see improved economics by issuing new deals with seasoned mortgages.

Some 74% of first-time homebuyers would consider using a 50-year mortgage, according to a recent survey by TD Bank.