Government-Insured Lending

Loss-Mit Removals of FHA Loans From MBS Increase in 2Q

ewilley@imfpubs.com — Wed, 05 Aug 2026 11:59:00 -0400

FHA loss-mitigation removals more than doubled from $1.86 billion in the first quarter to $4.74 billion.

Primary MI Volume Up Somewhat in First Half of 2026

bivey@imfpubs.com — Fri, 24 Jul 2026 11:59:00 -0400

In the first half of 2026, $120.88 billion of GSE purchase mortgages with private MI was securitized, a 4.5% increase from the first half of 2025.

Bayview Creates Some Distance From Other Top Ginnie Servicers

ewilley@imfpubs.com — Tue, 21 Jul 2026 11:59:00 -0400

The nonbank increased its Ginnie servicing portfolio by $15.70 billion during the quarter, including $14.35 billion in FHA servicing.

Trade Groups Call for FHA Reforms

ewilley@imfpubs.com — Mon, 20 Jul 2026 11:57:00 -0400

The groups' joint comment letter called on the FHA to replace its minimum property requirements with the standards used by the government-sponsored enterprises.

Nonbank Share of Agency Servicing Up Again in 2Q

bivey@imfpubs.com — Fri, 17 Jul 2026 11:59:00 -0400

Nonbanks held the rights to service 68.6% of outstanding servicing tied to agency MBS as of the end of June.

Ginnie Lenient With VA Delinquencies as Well

ewilley@imfpubs.com — Fri, 17 Jul 2026 11:57:00 -0400

In late April, Ginnie announced that it would exclude FHA mortgages on trial payment plans when calculating servicers’ delinquency ratios for compliance purposes.

FHA, VA Drive Up Primary MI Volume in Second Quarter

bivey@imfpubs.com — Thu, 16 Jul 2026 11:59:00 -0400

Primary MI volume in the agency MBS market increased at a faster pace at FHA and VA in the second quarter of 2026 compared with private MI usage with the GSEs.

M&T Adds Subservicing for Bayview

bivey@imfpubs.com — Thu, 16 Jul 2026 11:56:00 -0400

M&T Bank says it has been adding capacity to its subservicing operations in anticipation of increasing volume.

Securitization Growth Slowed as Second Quarter Progressed

jbancroft@imfpubs.com — Wed, 15 Jul 2026 11:59:00 -0400

Rising interest rates took a bite out of MBS and ABS issuance in May and June.

Rocket Surpasses UWM as Top Agency MBS Issuer in 2Q

bivey@imfpubs.com — Fri, 10 Jul 2026 11:59:00 -0400

Rocket issued $41.35 billion of agency MBS in the April-June period, up 15.1% from the first quarter, with a surge in Ginnie loans.

Purchase Mortgages Drive Up Ginnie Issuance in Second Quarter

ewilley@imfpubs.com — Thu, 09 Jul 2026 11:59:00 -0400

The first-quarter tally was the highest quarterly issuance total for Ginnie since the fourth quarter of 2021.

Mortgage Securitization Rate Increases in First Quarter

bivey@imfpubs.com — Wed, 08 Jul 2026 11:56:00 -0400

The sharpest increase in the use of securitization was in the expanded-credit mortgage market.

Cassidy Returns to Walker & Dunlop After FHA Stint

bivey@imfpubs.com — Tue, 07 Jul 2026 11:57:00 -0400

“I understand how the Department of Housing and Urban Development and FHA operate behind the scenes, how decisions are made, and what it takes to successfully close complex financing transactions from both sides of the table,” Frank Cassidy wrote on Linkedin.

Non-Agency Share of MBS Outstanding Up in First Quarter

jbancroft@imfpubs.com — Wed, 24 Jun 2026 11:59:00 -0400

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

FHA Clarifies Mod Requirements, Loosens Lending Regulations

ewilley@imfpubs.com — Wed, 24 Jun 2026 11:58:00 -0400

Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.

HECM Originations Increase Slightly in First Quarter

ewilley@imfpubs.com — Tue, 23 Jun 2026 11:56:00 -0400

Mutual of Omaha Mortgage and Finance of America Mortgage, the top two lenders in the sector, lost some market share in the first quarter.

Succession Plan for FHA Commissioner Unclear

ewilley@imfpubs.com — Mon, 22 Jun 2026 11:57:00 -0400

A lack of internal candidates has clouded the replacement process for former FHA Commissioner Frank Cassidy.

Ginnie Gains More Servicing Share During First Quarter

bivey@imfpubs.com — Thu, 18 Jun 2026 11:59:00 -0400

Ginnie Mae’s share of total residential servicing outstanding increased to 18.5% as of the end of March.

HUD Proposes Rule for Multi-Story Manufactured Housing

jdohnert@imfpubs.com — Mon, 15 Jun 2026 11:56:00 -0400

Under the proposed rule, the new definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.

Jumbo Mortgages Gaining Share in Originations

bivey@imfpubs.com — Fri, 12 Jun 2026 11:59:00 -0400

Loans with balances above the baseline conforming loan limit accounted for 16.4% of total originations in the first quarter of 2026.

Ginnie Issuance Ticks Down in May

ewilley@imfpubs.com — Thu, 11 Jun 2026 11:57:00 -0400

The decline in issuance was driven by refinances, with refi volume off 16.8% on a monthly basis.

Refis Drag Down Agency MBS Issuance in May

jbancroft@imfpubs.com — Tue, 09 Jun 2026 11:59:00 -0400

The agencies securitized $30.31 billion of rate-term refis in May, a 32.6% decline from April.

Rocket Adopts VantageScore 4.0

dhollier@imfpubs.com — Mon, 01 Jun 2026 11:57:00 -0400

Rocket Mortgage has incorporated VS4 into both its direct-to-consumer and Rocket Pro sides of the business.

FHA Seeks Feedback on Property Requirements

ewilley@imfpubs.com — Fri, 29 May 2026 11:56:00 -0400

FHA published a request for information seeking ways to ease its minimum property requirements.

FHA, VA Lending Down in First Quarter

bivey@imfpubs.com — Tue, 26 May 2026 11:59:00 -0400

Overall, refinance business was down compared with the fourth quarter of 2025, though FHA refi volume increased by 6.1% due to FHA-to-FHA refi activity.

FHA Still Working on Details for VantageScore, FICO 10T

bivey@imfpubs.com — Fri, 22 May 2026 11:58:00 -0400

“Implementation dates and additional guidance will be announced later this year,” FHA said.

Veterans United Seeing Cost Savings With eNotes

ewilley@imfpubs.com — Wed, 20 May 2026 11:58:00 -0400

The lender saves 5 basis points per loan on average using eNotes.

FHA Plans De-Regulation to Address Origination Costs

ewilley@imfpubs.com — Tue, 19 May 2026 11:59:00 -0400

FHA expects to rescind a suite of policies next month as a continuation of its deregulatory approach to tackling affordability, said FHA Deputy Assistant Secretary for Single-Family Housing Matt Jones.

Agency MBS Issuance Soars in April, Prior to Lending Disruption

jbancroft@imfpubs.com — Tue, 12 May 2026 11:59:00 -0400

April issuance was the highest monthly total since June 2022, when the market was coming down from the euphoria of the COVID-19 rally.

Low Downpayment Borrowers Struggle to Compete

jdohnert@imfpubs.com — Mon, 11 May 2026 11:57:00 -0400

Some real estate agents are pushing clients away from offers supported by some government-backed mortgage products, industry members say.