Among the 333 banks and thrifts that report mortgage-banking income on call reports, income declined by 6.1% on an annual basis in the first half of 2026.

“Market sentiment was leaning toward a rate hike at the next Fed meeting, but this could give the Fed pause in hiking rates as they look to convene this month,” said Cody Echols, a capital markets technology advisor at Mortgage Capital Trading.

Jumbo servicing declined during the second quarter at Bank of America, Chase and Wells Fargo.

After getting close to 4.80% Tuesday, the 10-year Treasury rate declined somewhat Wednesday.

H.R. 10184, the Consumer Financial Protection Accountability and Reform Act, would bring the CFPB under the congressional appropriations process, require cost-benefit analyses for rulemakings and stipulate periodic reviews of major rules to ensure their benefits justify their costs.

Applications were essentially unchanged on a weekly basis last week even as interest rates ticked up.

Former CEO of Fannie Mae said he'll resign from Better's board if former CEO returns; BAC appoints Jamie Cavanaugh as CEO; Stewart goes on acquisition spree.

Founded by mortgage industry veteran Ben Anderson, Cindie is designed to work alongside mortgage professionals throughout the lending process.

Delinquencies improved on a year-over-year basis, declining 5% from July 2025 to July 2026.

A group of 13 publicly traded nonbanks reported a combined $2.20 billion in mortgage-banking income for the second quarter, down 32.3% from the first quarter.