Some $54.47 billion of FHA purchase mortgages were included in Ginnie Mae mortgage-backed securities issued in the second quarter, up 28.9% from the previous quarter.

The whole-loan sales come even though Acra’s new owner, BlackRock Financial, has deep experience with non-agency securitization.

The real estate investment trust focuses on acquiring non-qualified mortgages and originating business-purpose loans.

The firm plans to be a programmatic issuer of expanded-credit mortgage-backed securities following the acquisition of HomeXpress.

The top five markets with a “very high risk” of home price declines are all in Florida, according to Cotality.

Mortgage portfolios at Fannie Mae and Freddie Mac increased steadily throughout 2024 before declining during the first quarter of 2025.

Angel Oak Mortgage REIT generated $767,000 of income during the second quarter of 2025.

FoA will fund the purchase of Blackstone's stake in the reverse-mortgage lender with a convertible debt facility.

Insurance companies are adapting to take advantage of the closer relationships offered in the private credit market.

“[The combined operations of Rocket and Mr. Cooper] allows us to be opportunistic and stick to really high expected return thresholds, that, if we can meet them, we’ll be active and we’ll bid at those levels and if we can’t, we don’t have to,” said Brian Brown, chief financial officer and treasurer at Rocket.