It’s the third year in a row that delinquencies declined in the first quarter following an increase the previous quarter.

The move leaves the board with just Kyle Hauptman as chairman, limiting what the regulator can do.

In March, home prices increased by only 0.2% on a monthly basis, according to Zillow.

“The level of the tariff increases announced so far is significantly larger than anticipated,” said Fed Chair Jerome Powell.

Joseph Gormley is the new executive vice president and chief operating officer at Ginnie Mae.

The new forecast follows tariff policy changes by the Trump administration.

The uptick in planned issuance follows a period of weak demand from investors due to uncertainty on the economic outlook as tariff policies fluctuate.

Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.

Demand from borrowers increases when mortgage rates fall below 6.5%, according to Owen Lee, CEO of Success Mortgage Partners. Due to policies from the Trump administration, it’s unclear whether rates will decline to that level in the near term.

In a seasonal trend seen each of the past five years, the delinquency rate declined on securitized government-sponsored enterprise loans, FHA mortgages and Department of Veterans Affairs home loans. (Includes data table.)