Outstanding GSE servicing at Rocket Mortgage fell 2.1% from the first quarter, but its holdings still surpassed Chase, the second largest GSE servicer, by more than $322 billion. (Includes two data tables.)
MBS disclosures show that, from April to June, VantageScore 4.0 has only been used to qualify roughly $579 million in mortgages in Fannie Mae or Freddie Mac pools.
Despite a modest increase in volume in the second quarter, large independent mortgage lenders saw their market share fall to its lowest level since the fourth quarter of 2024. (Includes two data tables.)
By prohibiting its affiliate brokers from sending loans to Rocket Mortgage, United Wholesale Mortgage induced price cuts by brokers not covered by its exclusivity agreements.
Some usually active issuers had no issuance in the second quarter, including Citigroup, Bayview Asset Management, Radian Mortgage Securities and Nomura Securities.
Rocket Mortgage was the largest originator of home equity loans in the first quarter of 2026. The nonbank started originating closed-end second liens in recent years as refi opportunities declined. (Includes three data tables.)