Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.

Among the milestones that the effort is on track to meet: development of technology systems to accommodate the transition.

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.

FHA loss-mitigation removals more than doubled from $1.86 billion in the first quarter to $4.74 billion.

Delinquencies initially rose when FHA implemented changes to its loss-mitigation waterfall in October, installing trial payment plans that keep delinquent loans pooled for three months, generally, before the servicer can buy the loan out for a modification.

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.

Equity Prime Mortgage, AmeriTrust Mortgage and OCMBC had their DE approval terminated in several regions.

The nonbank increased its Ginnie servicing portfolio by $15.70 billion during the quarter, including $14.35 billion in FHA servicing.