The retail channel accounted for 51.3% of first-lien mortgage originations in 2025, up from 50.6% in 2024, according to a new analysis by Inside Mortgage Finance.

Typically, the loans in jumbo MBS from Redwood are fixed-rate mortgages.

"It is possible that pull-through rates declined in February as mortgage rates continued to drift lower through the month," according to analysts at Goldman Sachs.

Figure Technology Solutions is working to facilitate originations and sales of first-lien mortgages, touting lower costs and modern technology compared with delivering loans to Fannie Mae and Freddie Mac.

The correspondent share of mortgage originations shrank in 2025, with retail picking up most of the slack. Both channels remained well ahead of the wholesale channel. (Includes six data tables.)

Opendoor said its mortgage platform took just 10 weeks to build and is currently in beta. Bed Bath & Beyond, on the other hand, plans to foray into mortgage lending through inorganic growth.

Chase acquired the closed-end second liens from Capital One Financial, which acquired Discover Financial Services in May 2025.

United Wholesale Mortgage is offering a 75-basis-point pricing incentive for certain conventional and government-insured refinances through March, as well as a $600 appraisal credit for purchase mortgages through April.

Hope Dmuchowski, a senior executive vice president and chief financial officer at First Horizon Bank, said the bank’s mortgage warehouse activity is “behaving seasonally” with a decline in volume compared with the fourth quarter.

Federal regulators are set to propose revisions to bank capital requirements and then plan to adjust liquidity requirements.