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.
Originations spiked by nearly 40% from the first quarter to the second. For the first half of the year, volume was up 13.3%. Lenders outside of the top five gained some market share in the April-to-June period. (Includes two data tables.)
Executives at mortgage companies anticipate originations will pick up as soon as interest rates on mortgages decline. However, the MBA’s projections suggest little movement in rates for the rest of this year.
Retail lending among lenders in the analysis declined sharply during the first quarter while the correspondent and broker channels posted more modest declines in nonconforming production. (Includes two data tables.)
ARMs accounted for 12.1% of total residential mortgage originations in the first quarter of 2025, down more than a full percentage point compared with the previous quarter. Still, production of the loans was up from the first quarter of 2024. (Includes data table.)
The nonbank share of total originations increased from 65.2% in 2024 to 66.4% in the first quarter of 2025. Four of the five largest lenders in the residential mortgage market are nonbanks. (Includes two data tables.)