A fair amount of the shift in share to the retail channel was due to a decline in production at United Wholesale Mortgage.

“The companies most at risk tend to be those with limited scale, very narrow product offerings or really weak capital positions,” Norah Zhang, an assistant vice president in the financial institutions group at Moody’s Ratings, said.

Nikitra Bailey, executive vice president of the National Fair Housing Alliance, sharply criticized the investigation.

Demand from MBS investors for non-agency mortgages diminished during the second quarter of 2026 as interest rates increased.

Trade groups said aligning ROV policies across mortgage programs would be preferable.

Nonbanks had a 66.3% share of originations in the first half of 2026.

Rate-term refinance locks dropped 20.3%.

At most, 3.5% of mortgage borrowers in recent years opted for a lender they found via a trigger lead, according to estimates by the Government Accountability Office.

Vishal Garg laid out what Better's new priorities will be now that he has returned to the company he founded.

UWM will take results from automated underwriting systems for determining borrower eligibility for agency mortgages.