Volume with primary MI was up sharply in the fourth quarter of 2025 at both the government-sponsored enterprises and the Department of Veterans Affairs, while FHA volume lagged to some extent.

Ginnie President Joe Gormley said the update allows for greater efficiencies and cost savings, and will make the agency’s digital collateral program more attractive to new issuers.

Issuance of agency mortgage-backed securities increased by 10.8% on an annual basis to $1.235 trillion in 2025.

Some 69.8% of mortgages originated during the third quarter of 2025 were securitized.

The GSE share of servicing outstanding fell from 46.4% at the end of June to 46.1% at the end of September.

The Mortgage Bankers Association said its members see value in switching to short-term liquidation reporting.

The Senate on Thursday confirmed Frank Cassidy as FHA commissioner and Joe Gormley as president of Ginnie Mae.

While purchase-mortgage issuance fell 8.4% to hit the lowest monthly volume since March, refinance activity spiked 44.0% in November.

Correspondent partner demand has led Planet Home Lending to activate the Ginnie Mae pools issued for immediate transfer program.

Foreclosure filings declined by 3% on a monthly basis in November.