Correspondent lenders lost market share to wholesale-brokers in agency securitizations as refinances made a strong comeback in the fourth quarter of 2025. Credit quality improved across the board. (Includes two data tables.)

Researchers at the FRB of Richmond demonstrate how banks that gain local market share by acquiring an existing bank are likely to decrease FHA lending even while increasing conventional lending.

SoFi Bank posted an 18.2% quarterly increase in retail lending in the third quarter, while the market as a whole contracted. The bank is looking to cross-sell mortgages to its customers. (Includes two data tables.)

Wholesale-brokers and correspondent aggregators increased their market share in all three major product categories. Retail continued to lead conventional-conforming lending. (Includes two data tables.)

Agency securitizations rose slightly in the third quarter thanks to increased deliveries of retail loans. Credit quality improved very slightly. (Includes two data tables.)

Retail originations of mortgages by banks and thrifts sharply increased in the second quarter. The industry also reported a more modest increase in secondary-market mortgage sales. (Includes two data tables.)

Retail lenders gained market share in the second quarter, mostly at the expense of correspondent aggregators. Brokers lost some ground mainly because production didn’t grow quite as fast as the market overall. (Includes two data tables.)

The retail channel lost some market share in agency securitizations but maintained a narrow lead over the correspondent channel in the second quarter of 2025. Credit quality weakened while the average loan size reached a new peak. (Includes two data tables.)

The retail channel lost market share in conventional-conforming, government-insured and nonconforming originations in the first quarter of 2025. (Includes two data tables.)

Correspondent sales of mortgage loans to unaffiliated buyers increased 26.8% in 2024, led by CrossCountry Mortgage, Rate and United Wholesale Mortgage. (Includes data table.)