The retail channel accounted for 44.2% of conventional-conforming originations in the second quarter among a large group of survey participants, up from a 41.4% share in the first quarter and a share of 38.9% in the second quarter of 2025. (Includes two data tables.)

Nonbank mortgage originations increased by 30.3% on an annual basis in the first half of 2026 while bank production was up 22.2%. (Includes two data tables.)

Lawrence Yun, chief economist of the National Association of Realtors, pegs 7% interest rate as “the new normal.”

Mortgage originations through banks’ retail channel increased by 17.2% from the first quarter to the second. Mortgage sale activity was also up, by 6.7%. (Includes two data tables.)

As originations remain subdued, warehouse lenders are focusing on market share. Chase, the top warehouse lender, reduced its footprint in the second quarter and some newer players are filling the void. (Includes data table.)

Retail originations increased by 10.5% on a quarterly basis in the second quarter of 2026. That pushed the channel’s share of total first-lien originations to 53.7%. (Includes six data tables.)

The higher rates are diminishing demand for mortgages and officials at Rocket are projecting a drop in originations in the third quarter.

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.

Originations were up 27.7% at JPMorgan Chase. BofA posted a similar gain as Chase while Wells Fargo’s production was up more than 40%. Mortgage revenue, meanwhile, declined at Chase and Wells.

Nonbanks accounted for 68.0% of residential mortgage originations in the first quarter of 2026. (Includes two data charts.)