The firm generated a $45.0 million profit, with a margin of 27.0% in the first quarter of 2026.

“The outlook for the months ahead remains fragile as volatile mortgage rates and economic uncertainty continue to be headwinds,” said Lisa Sturtevant, chief economist at Bright MLS, a multiple listing service covering the Mid-Atlantic region.

“Rocket is no longer solely a rate-driven business,” said Varun Krishna, CEO of the company. “We are a business with durable, recurring revenue streams that also retain significant upside when rates fall.”

“The industry forecasts are expecting a step up in Q2 but I would say that we’re just not seeing that,” said Varun Krishna, CEO of Rocket Companies.

The higher loss was due to a combination of an increase in compensation and benefits and a $21.0 million hit from Better’s bank in the United Kingdom, which is now classified as a discontinued operation.

Mike Logozzo, CEO of reAlpha, said the company is putting a greater emphasis on artificial intelligence.

After avoiding questions from analysts during UWM's earnings call for the fourth quarter of 2025, Mat Ishbia spoke via a Zoom video to discuss results for the first quarter of 2026.

The improvement was largely tied to changes in the value of mortgage servicing rights.

Earnings were depressed for both production and servicing.

Much of the decline in servicing income was from valuation-related losses for mortgage servicing rights.