Underwriting for purchase mortgages remained strong while standards for refis loosened somewhat among deliveries to the GSEs in the third quarter.

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

Deliveries of high-risk purchase loans to the GSEs saw minor increases in the third quarter. But lenders expanded the credit for such loans in the refi sector. (Includes two data tables.)

The flow of purchase mortgages with some form of mortgage insurance in agency MBS increased in the third quarter of 2025, while refinance business saw a sharp downturn. (Includes two data tables.)

FHFA terminated the advisory committee on affordable, equitable and sustainable housing, and has withdrawn from an international green financing network.

Retail originations of mortgages by banks and thrifts sharply increased in the second quarter. The industry also reported a more modest increase in secondary-market mortgage sales. (Includes two data tables.)

Repurchases and indemnifications increased by more than 30% on a sequential basis during the second quarter. Through the first six months of the year, buyback activity was essentially level compared with the first half of 2024. (Includes data table.)

First Interstate Bank posted the largest loss in the second quarter, spilling $5.5 million of red ink.

As of the end of June, banks held $2.859 trillion in their servicing-for-others accounts, up 1.1% from the end of March.

The amount of loans banks and thrifts serviced for others inched up in the second quarter of 2025 but the fair value of their MSRs declined. (Includes data table.)