FHA loss-mitigation removals more than doubled from $1.86 billion in the first quarter to $4.74 billion.

The nonbank posted a $6.2 million loss for the second quarter of 2026, after taking a $54.9 million loss the previous quarter.

Fannie Mae issued three consecutive monthly CRT deals through April, then paused issuance until this new offering.

Delinquencies initially rose when FHA implemented changes to its loss-mitigation waterfall in October, installing trial payment plans that keep delinquent loans pooled for three months, generally, before the servicer can buy the loan out for a modification.

Pennymac's net income declined 73.6% from the first quarter to the second quarter.

Newrez generated $113.1 million of income before taxes in the second quarter, down from $250.6 million in the previous quarter.

Bayview acquired $28.91 billion in unpaid servicing principal balance during the quarter, a nearly 90% increase in bulk acquisitions compared with its activity in the first quarter.

Foreclosure sales in June were up 16% from a year ago, according to a recent report by Intercontinental Exchange.

Some 46% of lenders believe a shortage of available starter homes is the biggest barrier for first-time buyers.

The MBA now projects that the unemployment rate will hold at 4.3% through the end of the third quarter of 2026, before rising to 4.4% in the fourth quarter.