“The condo insurance requirements will reduce costs for existing homeowners and will make tens of thousands of additional units eligible for lower cost GSE financing,” said Bob Broeksmit, president and CEO of the MBA.

“The process for the data publication is now with the GSEs,” FICO said.

Both purchase-mortgage volume and refinances declined on a monthly basis in February.

United Wholesale Mortgage's agency MBS issuance declined by 6.5% on a monthly basis in February while Rocket Mortgage's volume was down 16.5%.

Rocket Mortgage delivered $7.59 billion in loans to Fannie Mae and Freddie Mac in February, according to an Inside The GSEs ranking and analysis.

Buy now, pay later spending has increased from about $2 billion in 2019 to $75 billion in 2023, according to a new report by the JPMorgan Chase Institute.

"It is possible that pull-through rates declined in February as mortgage rates continued to drift lower through the month," according to analysts at Goldman Sachs.

The GSEs started issuing credit risk transfer transactions in 2013.

The GSEs noted that mortgages for government employees and other workers directly impacted by the shutdown are eligible for delivery to the GSEs, even if the borrower is not receiving pay, so long as certain conditions are met.

Cotality is projecting a 4.4% annual increase in home prices as of January 2027.