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.

The increase in the delinquency rate in the second quarter of 2026 erased improvements seen in the first quarter. Delinquencies are also expected to rise through the end of the year. (Includes two data tables.)

Expenses reached their lowest level as measured by basis points since the third quarter of 2021.

SPS retained pole position in the second quarter despite a 6.8% drop on a quarterly basis.

Mark Acosta, chief servicing officer at Pennymac, said the nonbank’s proprietary servicing platform allowed the lender to implement the partial claim option quickly.

FHA mortgages continued to show the worst performance.

Servbank’s holding company completed a $90.0 million debt offering.

The settlement involves force-placed insurance on thousands of borrowers with active homeowners insurance policies.

The state attorneys generals argued two final rules exceed the limits Congress placed on the OCC's ability to preempt state consumer protection laws.

A group of 26 banks reported $1.27 billion in mortgage earnings for the second quarter, up 3.8% from the first quarter.