Latinos continue to lead homeownership gains, but the Trump administration’s immigration crackdown has put a damper on demand, according to the National Association of Hispanic Real Estate Professionals.

Freedom Mortgage plans to acquire private equity-backed Seneca Mortgage Servicing and its billions in non-government mortgage servicing rights.

The government-sponsored enterprises and Ginnie Mae have requirements that keep many community development financial institutions out of the mortgage business, according to CDFIs.

CDFIs are exploring avenues to achieve economies of scale and enable mortgage access to underserved communities and low-income borrowers.

The $87.67 billion of removals were largely tied to borrower payoffs.

VA proposed backdating eligibility for the program to May 1, 2025, picking up where the Veterans Affairs Servicing Purchase program left off.

UWM was the top Ginnie MBS issuer in February even though its volume fell 15.1% from January.

Issuers of Ginnie Mae securities took it easy in February, producing just $38.07 billion of MBS, off 24.6% from the previous month. Purchase mortgage and refi volumes declined at similar paces. (Includes two data tables.)

The Mortgage Bankers Association and Community Home Lenders of America urged the Department of Veterans Affairs to allow for at least 180 days to implement a new partial claim program.

The Mortgage Bankers Association withheld its support for housing legislation ahead of a vote this week in the Senate, seeking changes to FHA and VA provisions. The Senate passed the bill without further amendments.