Some 69.8% of mortgages originated during the third quarter of 2025 were securitized.

Measures contained in bipartisan housing packages in both the Senate and House would attach a disclosure to the military service question on the uniform residential loan application to raise awareness of VA loans.

The Mortgage Bankers Association said its members see value in switching to short-term liquidation reporting.

While purchase-mortgage issuance fell 8.4% to hit the lowest monthly volume since March, refinance activity spiked 44.0% in November.

The changes also allow VA to charge default-related fees under the partial claim, among other adjustments.

Purchase-mortgage endorsements accounted for 71.6% of volume, the highest level seen since the second quarter of 2024.

Mortgage Guaranty Insurance Corp. remained the top producer among the private MIs.

A decline in interest rates on mortgages helped to prop up home sales during the partial shutdown of the federal government.

Refi volume in Ginnie MBS issuance increased by 46.7% on a monthly basis to $15.25 billion in October.

Some 4.3% of FHA loans and 7.5% of VA loans are underwater, according to Intercontinental Exchange’s November mortgage report.