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.

The decline included a reduction in holdings of adjustable-rate mortgages.

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.

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.