"We structurally doubled the capacity of every production team member through technology," said Varun Krishna, CEO and director of Rocket Companies.

Gormley said Ginnie Mae is working with the Mortgage Bankers Association and the Housing Policy Council on the effort.

The Senate is poised to vote on legislation aimed at addressing housing affordability.

Banks had $2.82 trillion of servicing for others at the end of 2025, down 0.6% from the end of September.

United Wholesale Mortgage’s share price declined by nearly 9% Wednesday.

The total delinquency rate declined by 3 basis points on a monthly basis to 3.65% as of the end of January, according to Intercontinental Exchange.

According to Inside Mortgage Finance’s Large Servicer Delinquency Index, the overall delinquency rate increased by 46.6 basis points from the end of September, hitting 3.29% at the end of 2025.

The spike in income compared with the third quarter was largely due to changes in the value of mortgage servicing rights.

“Low interest rates will solve the Biden-created housing problem while at the same time protecting the values of those people who already own a house,” President Trump said.

The fourth-quarter total was skewed by Capital One, which reported $484.8 million in mortgage-banking income in the quarter.