Typically, the loans in jumbo MBS from Redwood are fixed-rate mortgages.

Dallin Merrill, head of policy at the Structured Finance Association, said some larger investors can increase their investments in 144A transactions, but smaller investors still struggle.

"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.

Chase acquired the closed-end second liens from Capital One Financial, which acquired Discover Financial Services in May 2025.

United Wholesale Mortgage is offering a 75-basis-point pricing incentive for certain conventional and government-insured refinances through March, as well as a $600 appraisal credit for purchase mortgages through April.

Federal regulators are set to propose revisions to bank capital requirements and then plan to adjust liquidity requirements.

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.

Securitization volume of home equity loans increased by 5.8% on a sequential basis to $10.62 billion in the fourth quarter of 2025.

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