Banks and other depository institutions regained a little market share in GSE servicing during the first quarter of 2026 after 11 consecutive quarters of losing share to nonbanks. (Includes two data tables.)
A new proof-of-concept between Amazon Web Services and Rocket Close highlighted the potential to use AI to extract data from complex mortgage documents.
Three of the top-five GSE issuers posted declines in volume last month. Meanwhile, Fannie’s share of total residential MBS issuance fell to a decade-plus low of 24.0% in the fourth quarter of 2025. (Includes two data tables.)
Austin Niemiec, chief revenue officer at Rocket Mortgage, will now head the lender’s wholesale channel as it looks to expand partnerships with brokers.
The lender accused Sharp Loan of concealing borrowers’ debts on three loan applications. Rocket claims undisclosed loans were facilitated by Sharp with United Wholesale Mortgage.