Truist Financial, Fifth Third Bank and Regions Financial all increased residential mortgage originations on a sequential basis in the second quarter but mortgage earnings didn't follow the same trajectory.

“The highest mortgage rates in nearly a year and the record-high national median home price together are contributing to a tepid housing market that is especially difficult for first-time homebuyers,” said Lawrence Yun, chief economist at NAR.

The near-term credit impact of the new housing legislation on existing SFR securitizations is expected to be benign. Build-to-rent properties are expected to be the predominant collateral in new securitizations.

The firm started offering credit cards in 2024 and is poised to top more than one million cardholders this year. The monthly payment rate on Robinhood’s gold card is well above MPRs for cards from many other firms, thanks to the 3% cash back offered on all transactions.

Primary MI volume in the agency MBS market increased at a faster pace at FHA and VA in the second quarter of 2026 compared with private MI usage with the GSEs.

While other big banks posted sharp increases in originations on a quarterly basis, production at U.S. Bank was down 7.6%.

M&T Bank says it has been adding capacity to its subservicing operations in anticipation of increasing volume.

Aaron Kofsky, the acting deputy director of FHFA’s division of housing mission and goals, represented FHFA at a meeting of the Financial Stability Oversight Council Wednesday.

The nonbank share of agency servicing increased to 68.6% at the end of June. Rocket remained the top servicer, though the nonbank’s servicing portfolio declined during the second quarter. (Includes two data tables.)

Any impact from the landmark 21st Century ROAD to Housing Act could take years, with the Republicans proudly touting that the law doesn’t include any new funding.