dv01 said caution is warranted in interpreting the rise in the impairment rate as August ended on a Sunday.

FHA and the GSEs stressed lending and servicing options for individuals facing an employment furlough.

Pennymac will subservice the MSRs for Annaly.

Publicly-traded mortgage companies saw increases in earnings from both lending and servicing during the second quarter of 2025.

Sens. Elizabeth Warren, D-MA, and Andy Kim, D-NJ, wrote to the leader of the Federal Emergency Management Agency, citing issues with the National Flood Insurance Program.

One servicing advisor, speaking on background, called six-month reporting a “wrong-headed idea,” adding: “It’s chaos for chaos’ sake.”

Since mid-2022, the agency has been gaining servicing share with lenders turning to FHA mortgages and loans through the Department of Veterans Affairs.

Much of the increase in impairments in August was tied to new 30+ day impairments, which increased by 59 basis points.

Servicers can comply with the new policies as of Oct. 1, but the mandatory compliance date was extended to Dec. 30.

Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.