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

“Gravity is being tested,” said Mark Garland, a managing director at SitusAMC.

FoA will fund the purchase of Blackstone's stake in the reverse-mortgage lender with a convertible debt facility.

Market share for the top five firms in owned servicing slipped from 39.5% of the top-50 market at the end of March to 39.2% as of the end of June.

In July, Rocket “restructured” general and administrative teams that supported the firm’s mortgage lending, citing investments in technology.

Insurance companies are adapting to take advantage of the closer relationships offered in the private credit market.

"The work on this has picked up significantly in recent weeks," according to Bob Broeksmit, president and CEO of the MBA.

“[The combined operations of Rocket and Mr. Cooper] allows us to be opportunistic and stick to really high expected return thresholds, that, if we can meet them, we’ll be active and we’ll bid at those levels and if we can’t, we don’t have to,” said Brian Brown, chief financial officer and treasurer at Rocket.

The MBA projects that the average interest rate for a 30-year fixed-rate mortgage will decline from 6.8% in the second quarter of 2025 to 6.6% in the second quarter of 2026.

Higher provisions for losses in the second quarter contributed to a 14.6% sequential drop in net income for the mortgage giant.