Rocket Companies sees opportunities for growth as some lenders pull back, according to Brian Brown, chief financial officer and treasurer of the firm.

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

At top-ranked United Wholesale Mortgage, GSE deliveries with private MI were down 9.5% from the second quarter.

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

Private MI covered 16.4% of new mortgage production in the second quarter.

FHA purchase-mortgage business in Ginnie Mae MBS hit $54.47 billion in the second quarter of 2025.

The FHA/VA share of primary MI volume increased from 60.5% of activity in the fourth quarter of 2024 to 63.8% in the first quarter of 2025.

Private MI volume in GSE MBS issuance in the first quarter of 2025 was down 20.4% from the previous quarter.

In states with the highest volume of primary MI, purchase-mortgage activity was more weighted toward government-insured programs.

The increase was driven by refinances.