The order included four directives, stopping well short of requests from mortgage industry participants.

Purchase-mortgage volume increased from the second quarter and refi business dropped.

Saluda Grade will provide capital for Zippy and work alongside it on credit, product development and other areas.

Property insurance now accounts for 9.6% of the average mortgage holder's monthly payment, Intercontinental Exchange reports, up from a low of 7.2% in 2018 and 7.5% a decade ago. 

MGIC had $17.75 billion in new insurance written in the second quarter, a 23.0% increase from the first quarter.

In the first half of 2026, $120.88 billion of GSE purchase mortgages with private MI was securitized, a 4.5% increase from the first half of 2025.

The MBA now projects that the unemployment rate will hold at 4.3% through the end of the third quarter of 2026, before rising to 4.4% in the fourth quarter.

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.

Purchase-mortgage volume declined 14.3% on a sequential basis, while refinances were up 8.0%. The rise was propelled by FHA refis, which grew 6.2% from the fourth quarter to $24.06 billion.