Production and sales revenue lifted mortgage-banking income at a number of banks in the third quarter.

Servicers find new opportunities to leverage AI in the call center in a play to reach more younger borrowers.

The nonbank took an $8.7 million loss in the third quarter compared with a $25.3 million loss the previous quarter.

The nonbank is poised to begin servicing new originations in the first quarter of 2026. And outstanding volume will shift from subservicers during the year.

“I’ve just guided that no matter what, I’m going to have the best quarter we’ve had in 4 years,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage. “Maybe you guys will recognize that and realize that we’re dominating out here.”

Gain-on-sale margins and a strong recapture rate helped boost Guild earnings in the third quarter. 

The subservicing for Rithm accounts for 10% of total servicing volume at Onity's PHH unit.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.

Most servicemembers mistakenly think VA loans require a downpayment.

Rocket Mortgage, thanks to its acquisition of Mr. Cooper Group, which was completed at the beginning of October, is poised to overtake Chase as the largest firm in terms of owned servicing.