HECM production picked up somewhat after a lackluster first quarter.

FHA accounted for 59.5% of government-insured originations in the second quarter.

Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.

Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.

Blend Labs took a $19.4 million loss in the second quarter.

Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.

Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.

HUD said the changes will better align its regulations with advances in electronic communication technology and borrower engagement preferences, while preserving consumer protections.

Some proposals that were planned for the spring or summer are now not expected until December.

With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.