For the full year, refis accounted for 30.1% of total first-lien mortgage originations, up from a 21.5% share in 2024.

Marina Walsh, a vice president of industry analysis at the MBA, suggested that the rise in FHA delinquency rates could soon slow.

David Spector, CEO of Pennymac Financial Services, said the firm’s correspondent aggregation platform is facing increasing competition from the GSEs’ cash window.

Onity posted net income of $127.0 million in the fourth quarter, compared with a $21.0 million profit the previous quarter.

No customers of TransUnion have shifted to the direct license program FICO launched in October.

The correspondent channel lost 194 basis points of market share in the agency MBS market in the fourth quarter of 2025.

Rep. French Hill, R-AR, the chair of the House Financial Services Committee, was critical of initiatives by Bill Pulte, director of the Federal Housing Finance Agency.

A $2.29 billion reversal in net interest gains and a $1.29 billion provision for losses dampened net income in 2025.

Some $307.0 billion of Cenlar's subservicing portfolio is in the process of leaving Cenlar or has provisions allowing a move to a different subservicer if Cenlar is sold.

Redwood Trust posted a net income of $20.0 million in the fourth quarter of 2025.