Some 39% of the MBS and ABS issuers who participated in a Moody’s survey said they had boosted their cybersecurity spending since 2019. But still, advanced practices remained out of reach for many issuers.

“There’s no point in leaving money on the table that’s been allocated,” said Pamela Perry, a vice president of single-family equitable housing at Freddie Mac.

“Our profitability is great,” said Stan Middleman, president and CEO of Freedom Mortgage. “It’s just not coming from originations this year.”

Many homeowners find the cost of investing in flood mitigation tools outweighs their perceived individual risk. A study funded by Fannie Mae suggests developing a pilot program to address the issue.

Lending tied to the GSEs will largely carry on as usual though government-insured business could face some difficulties during a government shutdown.

Ginnie Mae President Alanna McCargo said the agency needs more Congressional support in the form of funding for staffing and other issues.

The reverse mortgage industry is lauding a recent Ginnie policy change designed to reduce liquidity pressures for issuers of MBS backed by FHA home equity conversion mortgages.

If the federal government shuts down starting Oct. 1, the mortgage market will largely carry on, but with some complications.

Top executives of Freedom Mortgage, NewRez and Mr. Cooper said servicing operations have helped them sail through the originations storm.

Brokers saw the biggest sequential increase in FHA/VA business, with volume up 59.1% from the first quarter to $13.35 billion.