Key point: Although 30-day lates make up 2.1% of all mortgages, 38% of that is comprised of FHA mortgages.

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.

Servicing was the only mortgage category to see a quarterly drop in complaints.

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

Onity valued its owned MSR book at 144 basis points at midyear 2025.

The mortgage employment breakdowns from the BLS, as a rule, are never controversial.

A key factor for some banks appeared to be a sharp decline in provisioning for credit losses.

Market share for the top five firms in owned servicing slipped from 39.5% of the top-50 market at the end of March to 39.2% as of the end of June.

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

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