A rise in purchase-mortgage volume wasn't enough to offset declining refi activity.

Mark Acosta, chief servicing officer at Pennymac, said the nonbank’s proprietary servicing platform allowed the lender to implement the partial claim option quickly.

FHA mortgages continued to show the worst performance.

Ginnie will allow trial payment periods to count toward the agency’s seasoning requirements.

Servicers will not need to use a judicial foreclosure process to terminate a loan backed by the Department of Veterans Affairs that has a partial claim interest, according a new VA policy.

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

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

In late April, Ginnie announced that it would exclude FHA mortgages on trial payment plans when calculating servicers’ delinquency ratios for compliance purposes.

Primary MI volume in the agency MBS market increased at a faster pace at FHA and VA in the second quarter of 2026 compared with private MI usage with the GSEs.

The first-quarter tally was the highest quarterly issuance total for Ginnie since the fourth quarter of 2021.