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.

Panelists at the Women in Housing and Finance symposium were pleased with recent regulatory changes that could improve housing supply.

Issues stemming from the war with Iran helped to push interest rates on mortgages up last week.

“The only thing that’s on the table for them to do are these two bills,” said TD Securities Managing Director Jaret Seibert.

"Mortgage rate volatility, higher than expected refinancing activity and elevated FHA delinquencies pressured near-term performance," said Glen Messina, chair, president and CEO of Onity Group.

Elena Babinecz, a shareholder at the law firm of Baker Donelson and a former deputy assistant director at the CFPB, advised financial entities to “stay the course” on fair lending under ECOA, except for when it comes to special purpose credit programs.

While UWM has repeatedly raised its bid price and made other concessions, Two Harbors has opted to move forward with an acquisition by CrossCountry Mortgage.