Loans without mortgage insurance gained some share in the agency MBS market during the third quarter.

VA refi volume was down 31.5% from the second quarter, while FHA refi volume slipped 10.3%.

FHA and VA mortgages tend to have sharply different prepayment rates but they're put together in Ginnie MBS, potentially penalizing FHA borrowers.

FHA and the GSEs stressed lending and servicing options for individuals facing an employment furlough.

Since mid-2022, the agency has been gaining servicing share with lenders turning to FHA mortgages and loans through the Department of Veterans Affairs.

Servicers can comply with the new policies as of Oct. 1, but the mandatory compliance date was extended to Dec. 30.

FHA shut down its loan review system after users reported having issues logging in.

There's the possibility for a borrower to be behind by one or two months on payments, and the servicer has missed FHA's deadline to start a foreclosure.

The flow of refinances declined 21.5% on a monthly basis to $8.90 billion in July.

Some $54.47 billion of FHA purchase mortgages were included in Ginnie Mae mortgage-backed securities issued in the second quarter, up 28.9% from the previous quarter.