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.

Some proposals that were planned for the spring or summer are now not expected until December.

With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.

The proposal includes six defect areas through the servicing life cycle and remedies for each defect area.

The 203(k) program provides financing for rehabilitation of single-family homes.

Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.

Pending home sales in June declined on an annual basis at a rate not seen in four months.

The proposal aims to address issues similar to those that led to the failure of Reverse Mortgage Funding.

Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.