FHA accounted for 59.5% of government-insured originations in the second quarter.

Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.

Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.

To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.

New construction will play a larger role in the purchase market over the next few years, according to Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association.

Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.

Demand declined for both purchase mortgages and refinances last week.

Specified pools offer MBS investors a concentration in certain characteristics in contrast to homogenous MBS in the TBA market.

Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.

Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.