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.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.

The total delinquency rate on FHA loans in Ginnie MBS hit 10.90% at the end of September, up 51 bps from the end of June.

Total outstanding balance of single-family mortgages in Ginnie Mae mortgage-backed securities increased by 2.2% from the end of June to $2.65 trillion as of the end of September.

Loans without mortgage insurance gained some share in the agency MBS market during the third quarter.

VA refi volume was down 31.5% from the second quarter, while FHA refi volume slipped 10.3%.