“Mortgage lenders benefited from multiple refinance rallies over the last nine months, but we don’t expect another in 2026,” said Eric Orenstein, a senior director at Fitch Ratings.

During a press conference Wednesday, Fed Chair Kevin Warsh suggested that he will wait to see recommendations from the new task forces before making any major changes at the Fed.

Byzfunder issued its first ABS last week, a transaction that was three times oversubscribed by investors. Repeat issuers are also ramping up originations and issuance volume.

Ginnie Mae and whole loans have gained servicing share in recent years to the detriment of Fannie Mae and Freddie Mac. (Includes two data tables.)

Leaders in the Senate and House reached an agreement this week on the 21st Century ROAD to Housing Act.

Merchants Bank and Northpointe Bank are putting an increased emphasis on warehouse lending. (Includes one data table.)

The March re-proposal of bank capital requirements could lead to harsher treatment of warehouse lending. On the flipside, the proposal includes incentives for larger nonbanks to seek bank charters.

The leaders of UWM and Two Harbors met to discuss an offer to beat CrossCountry Mortgage’s final bid but were unable to reach an agreement or build much trust.

The bill aims to boost housing supply and limit institutional ownership of single-family homes to some extent. There are also some provisions that will directly impact the mortgage market.

Rocket Mortgage and Cenlar remained the largest subservicers — by far, as of the end of March, though the firms ranked third and fourth gained some ground during the first quarter of 2026.