FHA loss-mitigation removals more than doubled from $1.86 billion in the first quarter to $4.74 billion.

In the first half of 2026, $120.88 billion of GSE purchase mortgages with private MI was securitized, a 4.5% increase from the first half of 2025.

The nonbank increased its Ginnie servicing portfolio by $15.70 billion during the quarter, including $14.35 billion in FHA servicing.

The groups' joint comment letter called on the FHA to replace its minimum property requirements with the standards used by the government-sponsored enterprises.

Nonbanks held the rights to service 68.6% of outstanding servicing tied to agency MBS as of the end of June.

In late April, Ginnie announced that it would exclude FHA mortgages on trial payment plans when calculating servicers’ delinquency ratios for compliance purposes.

Primary MI volume in the agency MBS market increased at a faster pace at FHA and VA in the second quarter of 2026 compared with private MI usage with the GSEs.

M&T Bank says it has been adding capacity to its subservicing operations in anticipation of increasing volume.

Rising interest rates took a bite out of MBS and ABS issuance in May and June.

Rocket issued $41.35 billion of agency MBS in the April-June period, up 15.1% from the first quarter, with a surge in Ginnie loans.