A rise in purchase-mortgage volume wasn't enough to offset declining refi activity.

FHA mortgages continued to show the worst performance.

Ginnie will allow trial payment periods to count toward the agency’s seasoning requirements.

Servicers will not need to use a judicial foreclosure process to terminate a loan backed by the Department of Veterans Affairs that has a partial claim interest, according a new VA policy.

The refi share of agency MBS issuance slid to 24.1% in July after accounting for 45.1% in March.

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.