The small non-agency lender took a $5.3 million loss in the first quarter of 2026, narrowing losses from $8.4 million in the fourth quarter of 2025.

Higher revenues and lower expenses drive $3.56 billion in first quarter profits for the mortgage giant.

An increase in Fannie's investment losses related to MBS acquisitions was more than offset by a shift from fair value losses to fair value gains.

Officials at Dynex said the poor performance was due to widening mortgage spreads during the later stage of the first quarter.

MFA Financial posted an increase in income in the fourth quarter of 2025. The firm’s BPL lender Lima One launched a wholesale channel and plans to relaunch multifamily lending in early 2026.

MBS holdings in the retained mortgage portfolios of the GSEs doubled between June 2025 and the end of the year. And that’s before President Trump directed them to buy $200 billion of MBS. (Includes data table.)

After incurring a huge loss in 2024, Pagaya Technologies booked an $81.4 million profit in 2025.

A $2.29 billion reversal in net interest gains and a $1.29 billion provision for losses dampened net income in 2025.

Profits declined by 9% compared with the third quarter.

Velocity Financial originated a record $739.0 million in business-purpose loans in the third quarter.