"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.

Prior to back-to-back CRT offerings in February and March, the government-sponsored enterprise hadn’t issued a CRT deal since October.

Last week was the first time in three and a half years that the 30-year FRM interest rate has dropped into the 5% range.

Michael Tannenbaum, CEO of Figure Technology Solutions, said some lenders are on the verge of shifting some of their mortgage business from the GSEs to FTS.

The Senate is poised to vote on legislation aimed at addressing housing affordability.

Experts speaking at SFVegas this week think the White House's interest in removing the GSEs from conservatorship could be dwindling.

Agency-eligible loans are frequently being delivered to non-agency MBS instead of the GSEs.