“Mortgage lenders benefited from multiple refinance rallies over the last nine months, but we don’t expect another in 2026,” said Eric Orenstein, a senior director at Fitch Ratings.
During a press conference Wednesday, Fed Chair Kevin Warsh suggested that he will wait to see recommendations from the new task forces before making any major changes at the Fed.
The bill aims to boost housing supply and limit institutional ownership of single-family homes to some extent. There are also some provisions that will directly impact the mortgage market.
Rocket Mortgage and Cenlar remained the largest subservicers — by far, as of the end of March, though the firms ranked third and fourth gained some ground during the first quarter of 2026.
Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.