UWM was the top Ginnie MBS issuer in February even though its volume fell 15.1% from January.

Both purchase-mortgage volume and refinances declined on a monthly basis in February.

United Wholesale Mortgage's agency MBS issuance declined by 6.5% on a monthly basis in February while Rocket Mortgage's volume was down 16.5%.

Refi guarantees in the Department of Veterans Affairs’ home loan program more than doubled during the fourth quarter.

Gormley said Ginnie Mae is working with the Mortgage Bankers Association and the Housing Policy Council on the effort.

Private MIs and the two major government programs provided primary coverage on $74.80 billion of refinance loans, more than double the volume in the third quarter.

Issuance of Ginnie Mae mortgage-backed securities increased by 3.5% on a monthly basis in January.

VA is set to brief members of Congress on the new program and then head toward implementation.

The correspondent channel lost 194 basis points of market share in the agency MBS market in the fourth quarter of 2025.

The total FHA delinquency rate hit 11.86%, the third-highest reading in the past decade.