FHA Commissioner Julia Gordon spoke Tuesday at an online housing counseling conference hosted by the Department of Housing and Urban Development’s Office of Housing Counseling.

Among other changes, the draft ML proposes extending the required time, from five to 15 days, for servicers to record a partial claim security instrument.

Purchase-money mortgages accounted for 82.5% of agency MBS issuance during August, though the refinance share is growing.

HECM production picked up somewhat after a lackluster first quarter.

FHA accounted for 59.5% of government-insured originations in the second quarter.

Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.

Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.

Blend Labs took a $19.4 million loss in the second quarter.

Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.

Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.