Two Harbors booked a contingency liability and related expense of $199.9 million in the second quarter tied to litigation with the former manager of the REIT.

The distillery was the last tie to the legacy business of Eastside Distilling, a publicly-traded company that acquired a mortgage lender in 2024.

Home prices were down 0.2% on a monthly basis in May, according to FHFA.

The spring homebuying season and some refinance activity helped to boost production thus far this year.

The lender had pre-tax income of $3.2 million in the second quarter of 2025, including a pre-tax benefit of $9.5 million associated with legal settlements.

Rocket started offering consumer loans through its RockLoans platform in 2016, in partnership with Cross River Bank.

The average price for new homes sold in June declined by 2.0% on a monthly basis.

Investors saw the value of their agency MBS holdings drop in early April due to volatility tied to trade policies. Many markets recovered from the volatility by the end of June, but the agency MBS market lagged.

While primarily known for mortgages, Rocket has been originating consumer loans since 2016. The loans are originated in partnership with Cross River Bank, providing federal preemption of state laws.

Originations spiked by nearly 40% from the first quarter to the second. For the first half of the year, volume was up 13.3%. Lenders outside of the top five gained some market share in the April-to-June period. (Includes two data tables.)