Nearly all publicly traded banks reported declining income from mortgage banking in the fourth quarter of 2025. But most of them saw an increase in earnings for the full year. (Includes data table.)

Correspondent lenders lost market share to wholesale-brokers in agency securitizations as refinances made a strong comeback in the fourth quarter of 2025. Credit quality improved across the board. (Includes two data tables.)

Michael Patterson, chief operating officer at Freedom Mortgage, said intelligently using data collected from borrowers is key to improving customer experience and boosting retention.

Experts believe lenders will leverage new technologies to improve the customer experience.

Pennymac Financial Services sped up its adoption of Vesta Innovations’ loan origination system to drive more recaptures.

In March, “trigger leads” will come to an end, prompting lenders to come up with new solutions for lead generation.

Newrez will use Valon’s artificial intelligence-led operating system for servicing mortgages starting in 2027.

Researchers at the FRB of Richmond demonstrate how banks that gain local market share by acquiring an existing bank are likely to decrease FHA lending even while increasing conventional lending.

Decline in mortgage applications; new borrower relationship management tool; mortgage lock volume increases modestly.

The total delinquency rate on loans in agency MBS reached 3.71% at the end of 2025. The last time delinquencies were at that level was early 2021 as the market was recovering from the impact of the pandemic. (Includes data table.)