Officials at Better project that the nonbank will continue to take losses with a goal of breaking even by the end of the third quarter of 2026.

Servicing was the only mortgage category to see a quarterly drop in complaints.

UWM's refi incentive is scheduled to be available through Sept. 16.

Locks for rate-term refinances increased by 5.4% on a monthly basis in July.

The real estate investment trust focuses on acquiring non-qualified mortgages and originating business-purpose loans.

The firm plans to be a programmatic issuer of expanded-credit mortgage-backed securities following the acquisition of HomeXpress.

"The challenge is getting the requisite understanding of risk, providing the governance infrastructure and really creating the level of transparency and understanding that allow for a less sophisticated lender to adopt this technology," said John Levonick, a senior partner at the law firm of Garris Horn.

The top five markets with a “very high risk” of home price declines are all in Florida, according to Cotality.

Mortgage portfolios at Fannie Mae and Freddie Mac increased steadily throughout 2024 before declining during the first quarter of 2025.

Angel Oak Mortgage REIT generated $767,000 of income during the second quarter of 2025.