Delinquencies on FHA mortgages have crept higher since recovering from the pandemic.

“Fannie Mae and Freddie Mac acting more private but still being in conservatorship might be the best of both worlds,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.

ARMs accounted for less than 1% of total FHA originations in 2024.

"Individual investor appetites wax and wane over time," but Ginnie isn't seeing a mass pullback in demand, according to Joseph Gormley, executive vice president at the agency.

GSE regulator Bill Pulte said he's considering rebranding the Federal Housing Finance Agency.

Among the top 20 Ginnie issuers in April, just two were federally insured depositories.

The FHA/VA share of primary MI volume increased from 60.5% of activity in the fourth quarter of 2024 to 63.8% in the first quarter of 2025.

April’s gain came mostly from a 32.2% jump in securitization of refinance loans.

Ginnie MBS investors continue to have concerns about mortgages with permanent buydowns.

Removal activity had increased in each of the previous four quarters.