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Seasonal Slowdown Hits Ginnie Issuance in First Quarter

April 10, 2026
Emmeline Willey
Ginnie Mae MBS issuance declined 10.7% in the first quarter of 2026 due to a seasonal slowdown in purchase lending. Refinance activity held steady, helped by FHA business. (Includes four data tables.)
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Correspondent Share of FHA, VA Lending Increases in 2025

March 27, 2026
Emmeline Willey
Among a large group of lenders, the correspondent channel accounted for a 38.0% share of government-insured originations in 2025, up from a 34.5% share in 2024. (Includes data table.)
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HECM Endorsements Tick Up in 2025

March 27, 2026
Emmeline Willey
Endorsements of home equity conversion mortgages increased by 3.2% on an annual basis in 2025, even with four consecutive quarterly declines since the fourth quarter of 2024. (Includes three data tables.)
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Trump Directive Encourages FHA, VA Appraisal Alignment

March 27, 2026
Emmeline Willey
Executive orders from President Trump aiming to address housing supply and affordability include many FHA and VA provisions.
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Ginnie MBS Withdrawals Hit Three-Year High in 4Q

March 13, 2026
Emmeline Willey
Some $87.67 billion of loans were removed from Ginnie Mae mortgage-backed securities during the fourth quarter of 2025, with about 87% of them representing borrower payoffs. (Includes two data tables.)
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Refis Push Ginnie Issuance Up in November

December 12, 2025
Emmeline Willey
November issuance of Ginnie Mae single-family mortgage-backed securities increased as lower interest rates continued to drive refinance activity. (Includes two data tables.)
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FHA Floats Allowing CWCOT Providers Greater Ties to Servicers

December 12, 2025
Emmeline Willey
FHA proposed loosening restrictions on auction platforms for claims without conveyance of title sales.
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HECM Lenders Call for Changes to Upfront Premiums

December 12, 2025
Emmeline Willey
Industry groups recommended that FHA consider reverting the upfront mortgage insurance premiums on home equity conversion mortgages to the previous risk-based model.
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FHA Seeks Relief for Contractors With 203(k) Proposal

December 12, 2025
Emmeline Willey
FHA proposed tweaking its limited 203(k) rehabilitation loan program to reduce financial burdens on contractors.
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Ginnie Servicing Balances Up in 3Q, UWM Outshines YoY

October 17, 2025
Emmeline Willey
While most of the top Ginnie Mae servicers reported single-digit portfolio increases in the second quarter, United Wholesale Mortgage’s Ginnie servicing volume increased a whopping 87.8% year over year. (Includes three data tables.)
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