Expanded-credit MBS issuance with loans to self-employed borrowers increased by 45.3% during the second quarter.

“As we take the next steps to quickly and responsibly implement a VA partial claim program, we expect servicers to continue to offer Veterans a full array of loss mitigation options,” VA’s loan guaranty service said.

Much of the downturn was in pools with high concentrations of loans that accomplish GSE missions and other social goals.

“There is still plenty of uncertainty surrounding the economy and job market, which is weighing on prospective homebuyers’ decisions,” said Joel Kan, a vice president and deputy chief economist at the MBA.

Two Harbors booked a contingency liability and related expense of $199.9 million in the second quarter tied to litigation with the former manager of the REIT.

“We’ve been very proactive in seeing the housing market decelerate and trying to be on our front foot,” said Mike Fania, co-chief investment officer and head of residential credit at Annaly.

Rocket started offering consumer loans through its RockLoans platform in 2016, in partnership with Cross River Bank.

The average price for new homes sold in June declined by 2.0% on a monthly basis.

Loans one payment past due increased 19 basis points during the second quarter, after declining during the first quarter.

The bulk of the real estate investment trust’s assets are in agency MBS.