Matt Jones, the Trump administration’s nominee for commissioner of FHA, plans to continue to work to reduce mortgage costs and housing costs if confirmed for the position.

The GSEs’ share of servicing topped out at 50.4% in March 2022 and has declined each quarter since then, through June 2026.

Retail and correspondent originations of government loans were up 16.7% and 13.7% from the first quarter to the second quarter, according to survey data analyzed by Inside FHA/VA Lending.

Under the draft revisions to the FHA handbook, FHA would accept the property condition and quality ratings scale used by the government-sponsored enterprises.

Issuance of agency mortgage-backed securities increased by 4.6% on a monthly basis to $115.92 billion in August.

Earlier in his career, Jones was a staffer in the Senate and he was an associate vice president of government housing finance at the Mortgage Bankers Association from early 2023 through early 2025.

Ginnie guaranteed $49.44 billion of MBS in August, a 3.0% decline from July. Refinance volume declined 13.6% during the period, while purchase-mortgage volume held steady at 0.2%.

FHA plans to begin accepting VantageScore 4.0 and FICO 10T credit scoring models on Jan. 1.

The effort aims to “address crucial workplace and mission needs by eliminating redundancies, streamlining and increasing flexibility in work processes and consolidating administrative functions.”

Purchase-mortgage business is running ahead of the levels seen in the first half of 2025.