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.

HUD said the changes will better align its regulations with advances in electronic communication technology and borrower engagement preferences, while preserving consumer protections.