ARMs accounted for 9.5% of residential mortgages locked in July, according to Optimal Blue.

Some $54.47 billion of FHA purchase mortgages were included in Ginnie Mae mortgage-backed securities issued in the second quarter, up 28.9% from the previous quarter.

Anthony Hsieh, the founder of loanDepot who recently returned as CEO of the company, stressed that the nonbank is working on “profitable market share growth fueled by technology innovations.”

Stronger originations and servicing income helped drive Guild to a profit in the second quarter after taking a loss in the first quarter.

United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.

The second quarter of 2025 marked UWM’s highest level of production since late 2021, when interest rates on mortgages were significantly lower.

The MBA wants the GSEs to move away from a tri-merge credit score process but the trade group is still looking for an alternative option.

Officials at Better project that the nonbank will continue to take losses with a goal of breaking even by the end of the third quarter of 2026.

Servicing was the only mortgage category to see a quarterly drop in complaints.

UWM's refi incentive is scheduled to be available through Sept. 16.