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.

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

Fannie Mae is starting to pull away from Freddie Mac with issuance of credit risk transfer transactions this year.

Valon Technologies raised $150 million and is hiring.

“Sky-high mortgage rates and the usual fall slowdown teamed up to chill housing activity,” Zillow said of the market in September.

Originations of home equity loans remain concentrated on HELOCs, which accounted for 80.5% of originations in the first half of this year.

James Hodge, FHFA’s acting principal deputy inspector general, said the OIG is likely going to have to reduce its staff by upwards of 80% due to the reduced funding and the OIG will cease criminal investigations.

“The rating downgrades reflect Wells Fargo’s continued reduction of its servicing portfolio and strategic shift toward government-sponsored enterprise and owned prime portfolios,” Fitch said.