With interest rates on mortgages rising, some agency business shifted to Ginnie Mae in the second quarter of 2026. Rocket surpassed UWM as the top issuer of agency MBS during the quarter. (Includes two data tables.)

The CFPB plans to issue a servicing rule in August and is considering revisions to ATR/QM requirements. Both HUD and VA have a long list of rulemaking plans, while FHFA’s regulatory agenda is more limited.

Mortgage lenders want reduced capital requirements on warehouse lending by banks. They believe higher capital requirements will flow through to pricing for mortgages.

President Trump has until July 10 to take action on housing bill; GSEs release data on FICO 10T; CFPB seeks feedback on mortgage disclosures and borrowers’ right of rescission; interest rate outlook.

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.)

Investors are looking for consistency from non-QM lenders as concerns about expanding credit boxes mount.

Nonbanks accounted for 68.0% of residential mortgage originations in the first quarter of 2026. (Includes two data charts.)

Demographic shifts mean demand is falling. Meanwhile supply is increasing, raising the potential for falling home prices and fewer originations.

Leaders in the Senate and House reached an agreement this week on the 21st Century ROAD to Housing Act.

Delinquencies on non-qualified mortgages have increased, but lenders say the performance of the loans should hold up in the long run.