The correspondent channel lost 194 basis points of market share in the agency MBS market in the fourth quarter of 2025.

A $2.29 billion reversal in net interest gains and a $1.29 billion provision for losses dampened net income in 2025.

The House approved legislation this week aimed at increasing housing supply. Before the vote, President Trump called for an additional provision that wasn’t included.

The refi share of GSE business saw its first monthly decline since July, slipping from 37.9% in December to 37.4% in January.

Profits declined by 9% compared with the third quarter.

Ranking Member Maxine Waters, D-CA, praised the House's bipartisan effort to pass the Housing for the 21st Century Act, but said one bill isn't enough to fix the housing affordability crisis.

When asked Tuesday during Zillow’s earnings call whether mortgage lending is profitable for the company, company officials declined to directly answer the question.

H.R. 6644, the Housing for the 21st Century Act, passed on a 390-9 vote.

For part of January, the average interest rate on locks for rate-term refis was below 6.0%.

A January drop in interest rates helped boost the number of in-the-money refi borrowers, according to a recent report by Intercontinental Exchange.