Home prices were down 0.2% on a monthly basis in May, according to FHFA.

At June 30, Rithm's owned mortgage servicing rights totaled $593.0 billion.

The bank's president said, "Our pipelines remain full, so we expect to continue to see loan growth."

The spring homebuying season and some refinance activity helped to boost production thus far this year.

The lender had pre-tax income of $3.2 million in the second quarter of 2025, including a pre-tax benefit of $9.5 million associated with legal settlements.

Rocket started offering consumer loans through its RockLoans platform in 2016, in partnership with Cross River Bank.

The average price for new homes sold in June declined by 2.0% on a monthly basis.

Home price appreciation has been cooling amid elevated interest rates and declining demand for home purchases.

Barry Habib, the founder and CEO of MBS Highway, was appointed to the board of Fannie Mae.

The nonbank originated $37.88 billion of loans in the second quarter, up 31.0% from the first quarter.