Chase increased its production by 3.7% during the third quarter, helped by correspondent lending. BofA posted an even more modest increase and production was down at other large banks.

While Bank of America managed to increase mortgage production in the third quarter, lending was down at Citizens Financial and PNC Financial.

The largest lenders gained a little more market share during the first half of the year. (Includes two data tables.)

The volume of adjustable-rate mortgages flowing into agency mortgage-backed securities jumped in the second quarter of 2025 and has remained elevated. Large nonbank lenders are driving the increase. (Includes data table.)

The retail share of first-lien originations bounced back above 50% in the second quarter. Still, in the first half of the year, third-party originations increased at a faster pace on an annual basis than retail lending. (Includes six data tables.)

Many efforts started during the Biden administration won’t move forward. But servicing reforms are still in the works at the CFPB. And the bureau is considering major changes to LO comp.

Non-agency jumbos and expanded-credit mortgages gained market share in the second quarter of 2025. Originations of jumbos increased by nearly 60% from the first quarter. (Includes two data tables.)

Leaders at big lenders believe the spring homebuying season will continue through the summer, thanks to the shift to a buyers’ market. Real estate companies are less optimistic, citing “punishing” interest rates.

Rocket Mortgage is leaning on artificial intelligence to improve lending efficiency. The nonbank is wrapping up its acquisition of Mr. Cooper and already seeing benefits from its acquisition of Redfin.

After working for more than two years toward a spinoff of Newrez, Rithm Capital paused the effort and will invest in the mortgage unit.