Purchase mortgages continued to dominate deliveries to the GSEs in the second quarter and the share of purchase mortgages with credit scores of 740 or above increased compared with the first quarter. (Includes two data tables.)

Primary MI lost market share in the agency market in the second quarter in both purchase mortgages and refis. Among loans in agency MBS with some form of MI, three states combined to account for slightly more than 30% of total volume in the second quarter. (Includes two data tables.)

Locks declined in June but, when controlling for the difference in business days compared with May, the decline vanishes; Fitch downgraded its long-term issuer default rating on Finance of America Companies to C; talent management topped cost cutting in Fannie’s latest survey of mortgage execs’ priorities; MISMO forms group focused on AI.

Both banks increased mortgage production by more than 50% on a quarterly basis in the second quarter.

The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.

In June, Freddie Mac provided new disclosures, aiming to speed the process for approvals of servicing financing transactions.

Cherry Hill plans to drop its external manager, consider additional strategic options; FHFA publishes historical VantageScore data; Computershare, NewRez receive master servicer ratings; commercial MBS from Morgan Stanley downgraded.

Federal regulators are working on a re-proposal of a rule that would adjust capital requirements for large banks.

The MBA wants significant changes to the Federal Financing Bank risk-sharing program. Reforms are also needed in the multifamily accelerated processing program, according to the trade group.

The Appraisal Foundation’s Appraiser Qualification Board sets appraiser qualification criteria and there were concerns that the criteria prompted a disparate racial impact on entry into the appraiser profession.