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.

The sharpest increase in the use of securitization was in the expanded-credit mortgage market.

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

Ginnie Mae’s share of total residential servicing outstanding increased to 18.5% as of the end of March.

Loans with balances above the baseline conforming loan limit accounted for 16.4% of total originations in the first quarter of 2026.