Zillow Home Loans originated $2.2 billion of mortgages in the second quarter of 2026, nearly doubling its production compared with the second quarter of 2025.

Newly pending listings declined by 7.7% on a monthly basis in July, according to Zillow.

UWM's originations declined by 11.7% on a quarterly basis in the second quarter as refinance activity dropped.

Rocket was one of the largest sellers of agency mortgage servicing rights during the second quarter and the only nonbank to post a decline in owned servicing among the top-10 firms. Chase’s decline in owned servicing looks to be tied to portfolio runoff. (Includes three data tables.)

The $1.65 billion in financing from Oaktree and the Ishbia family was via preferred equity. United Wholesale Mortgage’s equity declined with a loss in the second quarter tied to its failed acquisition of Two Harbors.

Pennymac laid off origination staff and is counting on technology to keep its lending capacity elevated. Leaders at Newrez and loanDepot are also touting their tech investments.

Trade groups urged federal regulators to follow through on an executive order to modernize appraisal requirements.

The nonbank posted a $6.2 million loss for the second quarter of 2026, after taking a $54.9 million loss the previous quarter.

After a $1.0 million loss in the first quarter, MFA Financial posted a $46.8 million profit in the second quarter.

Mortgage applications were down on an annual basis last week, according to the Mortgage Bankers Association.