Some $54.47 billion of FHA purchase mortgages were included in Ginnie Mae mortgage-backed securities issued in the second quarter, up 28.9% from the previous quarter.

Anthony Hsieh, the founder of loanDepot who recently returned as CEO of the company, stressed that the nonbank is working on “profitable market share growth fueled by technology innovations.”

United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.

The securitizations will pay off older ABS from the issuers. Rating services had largely positive things to say about the deals.

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.