Newrez once again overtook Select Portfolio Servicing during the second quarter of 2025 in terms of new servicing tied to non-agency MBS.

The flow of refinances declined 21.5% on a monthly basis to $8.90 billion in July.

Among the top 10 agency MBS issuers in July, just one was owned by a federally insured depository: Amerihome.

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.