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Income Up, Production Down in 4Q at Velocity

March 12, 2026
Abby Zimmardi
Velocity Financial's income increased by 37.1% in the fourth quarter, while loan production declined by 14.1% from the third quarter.
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Short Takes: UWM Touts Benefits for Two Harbors Shareholders / CrossCountry Forms Builder Division / Margins Decline at Homebuilder / Iran Conflict and Home Purchases

March 12, 2026
Brandon Ivey
There are indications that some Two Harbors shareholders will oppose the planned acquisition by United Wholesale Mortgage because it’s an all-stock deal and UWM’s stock is trading near the lowest level it’s been at since UWM became a publicly traded company in early 2021.
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Agency MBS Issuance Declines by 17% in February

March 11, 2026
John Bancroft
Both purchase-mortgage volume and refinances declined on a monthly basis in February.
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Losses Increase at loanDepot in Fourth Quarter

March 11, 2026
James Dohnert
loanDepot reported losses in the fourth quarter of 2025, which were primarily driven by rising expenses and lower MSR values.
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Interest Rates on Mortgages Rise Amid Iran Conflict

March 11, 2026
Emmeline Willey
The market’s response to the attacks is in line with its recent divergence from historical reactions to outside stressors, said Andrew Rhodes, head of trading at Mortgage Capital Trading.
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Mortgage Tech Vendor Blend Takes Loss in Fourth Quarter

March 11, 2026
Brandon Ivey
“We have built a profitable, scalable platform, and now we have the tools to fundamentally rewire how our customers operate,” said Nima Ghamsari, head of Blend.
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Short Takes: Some Divergence at UWM, Rocket / Existing Home Sales Stable / Servicing Payment Effort Drags On / Another Loss at FoA

March 11, 2026
Brandon Ivey
United Wholesale Mortgage's agency MBS issuance declined by 6.5% on a monthly basis in February while Rocket Mortgage's volume was down 16.5%.
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Earnings at Nonbanks Decline During 2025

March 10, 2026
John Bancroft
Earnings slipped by 6.6% on an annual basis in 2025 among 11 publicly traded nonbank mortgage companies.
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Credit Bureaus Reduce Cost for VantageScore

March 10, 2026
Brandon Ivey
For standalone VantageScores tied to mortgage originations, TransUnion will charge $0.99 rather than $4.00.
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MBA, Others Seek Changes to CFPB Complaint Process

March 10, 2026
Shannon Clark
The Mortgage Bankers Association said it believes the CFPB's complaint database would be most effective if it functioned as a “secondary escalation mechanism,” available after a consumer has attempted to resolve the issue directly with the company.
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