Market share for the top five firms in owned servicing slipped from 39.5% of the top-50 market at the end of March to 39.2% as of the end of June.

In July, Rocket “restructured” general and administrative teams that supported the firm’s mortgage lending, citing investments in technology.

“[The combined operations of Rocket and Mr. Cooper] allows us to be opportunistic and stick to really high expected return thresholds, that, if we can meet them, we’ll be active and we’ll bid at those levels and if we can’t, we don’t have to,” said Brian Brown, chief financial officer and treasurer at Rocket.

The MBA projects that the average interest rate for a 30-year fixed-rate mortgage will decline from 6.8% in the second quarter of 2025 to 6.6% in the second quarter of 2026.

“As we take the next steps to quickly and responsibly implement a VA partial claim program, we expect servicers to continue to offer Veterans a full array of loss mitigation options,” VA’s loan guaranty service said.

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

Lakeview, the largest servicer of FHA loans in Ginnie MBS, had 3.5% of these mortgages in the 90-plus-day category.

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

Loans one payment past due increased 19 basis points during the second quarter, after declining during the first quarter.

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