In some regards, 2024 was a better, but trying, year for mortgage bankers. A handful of publicly traded shops gave nice pay raises to those in the C-suites. (Includes data table.)

FHA purchase-mortgage business in Ginnie Mae MBS hit $54.47 billion in the second quarter of 2025.

Large nonbanks accounted for 56.1% of GSE deliveries in 2Q25.

Loan brokerage firms had 83,600 workers on their payrolls as May closed out, off 100 from April 30.

Both the correspondent and broker channels increased their market share recently.

PennyMac was the top correspondent lender of government mortgages in 1Q25.

ARM lending fell by at least 30% on a sequential basis at the top three producers.

Kroll remained the biggest rating service in expanded-credit MBS with a 14.3% gain from the fourth quarter.

Table-funding giant UWM led the pack, originating $7.06 billion of VA loans in 1Q25, giving it a market share of 16.0%.

Fitch's Susan Hosterman said loans that have a DSCR of one or higher are performing "extremely" well.