Joe Gormley nominated for Ginnie president; UBS pays DOJ to end lingering non-agency MBS obligations from Credit Suisse; Chase marketing non-agency MBS with reperforming loans.

Securitization of FHA purchase mortgages increased by nearly 30% on a sequential basis in the second quarter. That’s double the rate of GSE activity involving private MI as homebuyers look for loans that can help with affordability. (Includes three data tables.)

Leaders at big lenders believe the spring homebuying season will continue through the summer, thanks to the shift to a buyers’ market. Real estate companies are less optimistic, citing “punishing” interest rates.

Merger discussions between Rocket Companies and Mr. Cooper Group started in October 2024. The transaction was announced in March only after Rocket made several revisions to its initial offer.

The bill is now headed to President Trump’s desk; Frank Cassidy nominated for FHA commissioner.

The second quarter of 2025 marked UWM’s highest level of production since late 2021, when interest rates on mortgages were significantly lower.

The MBA wants the GSEs to move away from a tri-merge credit score process but the trade group is still looking for an alternative option.

Officials at Better project that the nonbank will continue to take losses with a goal of breaking even by the end of the third quarter of 2026.

UWM's refi incentive is scheduled to be available through Sept. 16.

Locks for rate-term refinances increased by 5.4% on a monthly basis in July.