Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.

Among the top 10 GSE loan sellers in July, just one was a federally insured depository: U.S. Bank.

Holdings of both mortgage-backed securities and mortgages rose in the quarter, with MBS totals up 5.9% and mortgages up 4.1%.

At the end of June, large nonbanks accounted for 39.0% of all government-sponsored enterprise servicing, up from 37.6% in March.

GSE purchase-mortgage volume — both with private mortgage insurance and without private MI — increased at a faster pace in the second quarter of 2024 than FHA purchase-mortgage business.

Increases in loan loss provisions in the second quarter offset the beneficial impact of higher interest rates.

Earnings at the mortgage giant stand at a three-quarter plateau, with year-to-date profits almost unchanged from 2023.

Former GNMA chief Michael Bright: “Let’s say you’re going to do it. I think you’re going to have to lie to someone."

The disclosures include VantageScore scores from all three credit reporting companies — TransUnion, Equifax and Experian.

The bank share of agency servicing fell to 34.5% as of the end of June.