Ginnie Mae is steadily updating its outdated systems and processes, agency President Joe Gormley said.

Ginnie Mae has issued a flurry of program updates over the past few months, making public the work that was going on behind the scenes during a quieter period last year.

Interest rates on mortgages increased steadily throughout the second quarter, diminishing demand among non-agency MBS investors to some extent. (Includes data table.)

FHFA directed Fannie Mae and Freddie Mac to resume the MBS buying spree that President Trump requested in January.

A conservative think-tank economist argues that the Fed should reduce its MBS holdings to support a more affordable housing market.

Industry observers don’t expect the move to prompt major declines in interest rates this year.

More than 90% of expanded-credit mortgage production went into MBS in the first quarter of 2026. (Includes data table.)

Some large servicers are using securitizations for MSR financing while mid-size and smaller servicers stick with bilateral agreements.

For MBS investors, the biggest complication in the GSEs’ implementation of VantageScore 4.0 is likely loan-level pricing adjustments.

Some 68.0% of mortgages originated in 2025 were sold into MBS. Securitization rates were stable across most products, except for expanded-credit mortgages, where the securitization rate increased sharply. (Includes data table.)