Deliveries of refinance loans into Ginnie MBS continued to climb in April, but a surge in purchase loans accounted for much of last month’s record production volume. (Includes two data charts.)

Even though loan forbearance is an issue that won’t go away, some FHA lenders are reporting off-the-charts profit margins. Included in that club: Mr. Cooper.

FHA’s policy regarding mortgage insurance coverage for loans in progress isn’t quite ready. Meanwhile, Ginnie Mae’s Pass-Through Assistance Program usage remains low.