"We could no longer see a path forward for the profitability on the base level overhead that it takes to run an efficient distributed retail operation," said Chuck Williams, chairman and CEO of Northpointe Bank.

Lenders are struggling with originations, providing incentives for sales of MSRs.

The planned $291.0 million issuance is on a shelf named Prism.

The company generated $66.6 million of net income in the third quarter of 2026, down 37.5% from the third quarter of 2025.

Mortgage finance loans outstanding declined by 8.6% on a quarterly basis at Texas Capital Bank.

A recent analysis found that non-agency MBS issuance in the third quarter reached the second-highest production level since the third quarter of 2007.

With traditional mortgage originations depressed, expanded-credit lending could gain more market share.

Northpointe Bank is selling its distributed retail and consumer direct mortgage origination channels to CMG Financial.

Annaly Capital Management reported a loss of $1.0 billion in the third quarter of 2026.

Higher mortgage rates slow down mortgage application submissions; Better continues cost-cutting measures; Home prices tick up slightly in September.